Examples of EquityClear Contract in a sentence
The Clearing House shall not be responsible for any act or omission with regard to any Corporate Action (for example a rights issue, dividend or Cash Equivalent Dividend Payment or other corporate entitlement) relating to any EquityClear Eligible Instrument which is the subject of any EquityClear Contract, other than as set out in these Procedures.
The Clearing House may instruct an ASP to cease Technical Netting in respect of one or more transactions at the ASP where the Clearing House considers (in its sole discretion) this necessary to effect settlement of any EquityClear Contract.
If the Clearing House incurs any liability to pay any tax in respect of any dividend or other income in respect of any Corporate Action then it shall have the right to require reimbursement in respect of such tax liability from the Clearing Member who is or was party to the EquityClear Contract concerned.
The Clearing House (acting, where applicable, through the entity to which it has elected to delegate the relevant reporting obligation) shall report to a trade repository or similar body the details of an EquityClear Contract and any modification or termination of such contract without duplication and no later than the working day following the conclusion, modification or termination of such contract, in line with the requirements of applicable law.
Unless the Clearing House provides otherwise by circular, the ISD of an EquityClear Contract will be determined by the rules of the ATP on which the original trade was executed or, where those ATPs do not set an ISD, by the rules of the home market of the underlying EquityClear Eligible Instrument (as may be varied by the Clearing House to take account of local currency holidays).
The Clearing House (acting, where applicable, through the entity to which it has elected to delegate the relevant reporting obligation) shall report to a trade repository or similar body the details of an EquityClear Contract and any modification or termination of such contract without duplication and no later than the working day following the conclusion, modification or termination of such contract, in line with the requirements of Applicable Law.
In the event that the Clearing House incurs any liability to pay any tax in respect of any dividend or other income in respect of any Corporate Action then it shall have the right to require reimbursement in respect of such tax liability from the Clearing Member who is or was party to the EquityClear Contract concerned.
The terms of an EquityClear Contract shall comprise the Economic Terms and the General Terms.
EquityClear (ccCFD) Contract - An EquityClear Contract entered into by the Clearing Housewith an EquityClear Clearing Member on the EquityClear (ccCFD) Contract Terms or such other terms specified by the relevant ATP.
EquityClear Contract - An EquityClear (Equities) Contract and/or an EquityClear(ccCFD) Contract as the case may be.