EquityClear Open Offer definition
EquityClear Open Offer means an EquityClear (Equities) Open Offer or EquityClear
EquityClear Open Offer means an EquityClear (Equities) Open Offer or EquityClear (ccCFD) Open Offer "EquityClear Open Offer Eligibility Criteria" has the meaning set out in Regulation 68(c) "EquityClear Regulations" means those Regulations which apply to EquityClear Contracts as specified in Regulation 67 "EquityClear Service" the service provided by the Clearing House under the EquityClear Regulations "EU CSDR" means Regulation (EU) No. 909/2014 of the European Parliament and of the Council of 23 July 2014, as amended from time to time "EU EMIR" means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC Derivatives, Central Counterparties, and Trade Repositories, as amended from time to time "EU MiFID II" means the recast Markets in Financial Instruments Directive (Directive 2014/65/EU), Regulation (EU) No. 600/2014 of the European Parliament and the Council of 15 May 2014 and all related implementing or supplementary legislation and technical standards "EUR ForexClear Liquidity Fund Contribution" means, in respect of a ForexClear Option Clearing Member, the amount (notified by the Clearing House pursuant to Regulation 102(b)) of cash denominated in Euros that is required to be paid by that ForexClear Option Clearing Member to the Clearing House "Excess Loss" means in relation to any Relevant Business and any Default, the net sum or aggregate of net sums certified to be payable by the Defaulter by a Rule 19 Certificate in respect of the Relevant Business, less (a) the proportion of the Capped Amount applicable to the Relevant Business under Rule 15(c) and (b) any sums then immediately payable in respect of Default Losses for that Relevant Business by any insurer or provider of analogous services under any policy of insurance or analogous instrument written in favour of the Clearing House, and includes, in relation to the relevant Services, an Equities Excess Loss, a ForexClear Excess Loss, a Listed Interest Rates Excess Loss, a RepoClear Excess Loss and a Rates Service Excess Loss "Exchange" means an organisation (whether an exchange, association, company or otherwise) responsible for administering a futures, options, stock or other market, to which the Clearing House provides clearing services. The term "Exchange" shall include a Rates Exchange, as the case may be, save where the context otherwise requires.