Eris Clearing definition

Eris Clearing means Eris Clearing, LLC, a Delaware limited liability company.
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Eris Clearing means Eris Clearing, LLC, or its successor.
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Eris Clearing means Eris Clearing, LLC, a Delaware limited liability company. “Exchange” means Eris Exchange, LLC and its respective successors.
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Examples of Eris Clearing in a sentence

  • Eris Clearing may delegate to specified Officers or agents of Eris Clearing the authority to determine, within such guidelines, if any, as Eris Clearing shall prescribe, the nature and timing of such hedging transactions.

  • In the event a transaction of a suspended Clearing Member is rejected by Eris Clearing, Eris Clearing shall provide notice of such rejection to the other party thereto and such transaction shall be closed by the other party thereto in accordance with the rules of the Exchange.

  • Upon the suspension of a Clearing Member, Eris Clearing shall as soon as possible notify all Clearing Members of the suspension.

  • Notwithstanding any other provision of the Rules, Eris Clearing shall have no obligation to accept any transaction of a suspended Clearing Member that was effected after the time at which the Clearing Member was suspended.

  • A written report of any such extension or waiver, stating the pertinent facts and the reason such extension or waiver was deemed necessary or in the best interest of Eris Clearing shall be presented to the Board at its next regular meeting.703.

  • Eris Clearing complies with CFTC rules requiring systems and procedures be in place to meet a recovery time objective of no later than the next business day following a disruption.702.

  • Eris Clearing seeks relief from this requirement because it requires full collateralization prior to the execution of a trade and, therefore, will not collect or pay daily variation margin.

  • Based on the facts presented and representations Eris Clearing has made, the Division will not recommend that the Commission take enforcement action against Eris Clearing for not complying with the requirements of Regulation 39.11(e)(1)(ii) because it maintains sufficient liquidity by having funds on hand sufficient to meet daily obligations.

  • Eris Clearing further indicates that the calculation required by Regulation 39.11(e)(1)(ii) would demonstrate that it holds liquid collateral in an amount equal to its obligations as a central counterparty during a one-day settlement cycle, and that the result of the calculation would not 3 Fully-collateralized positions are designed to have on deposit a sufficient amount of funds, at all times, to cover the maximum potential loss that could be incurred in connection with a position.

  • Eris Clearing represents that because it is not a margined DCO and requires full collateralization prior to trade execution, it would not need to conduct stress tests with respect to large traders to achieve the intended risk management goals of the tests.


More Definitions of Eris Clearing

Eris Clearing means Eris Clearing, LLC, or its successor, a registered Derivatives Clearing Organization.
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Related to Eris Clearing

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Clearing Agency means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • DTC means The Depository Trust Company.

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.