FCM Clearing License definition

FCM Clearing License means a clearing license granted to an FCM Clearing Member by Eurex Clearing AG pursuant to Number 2.
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Examples of FCM Clearing License in a sentence

  • The FCM Clearing Member is no longer in compliance with the relevant prerequisites for its FCM Clearing License set forth in Number 2.2.

  • The termination shall take effect on the later of the following dates: (i) 30 days after receipt of the termination notice and (ii) after all Swap Transactions which are subject to the FCM Clearing Agreement and corresponding FCM Clearing License have been cancelled, closed or fulfilled.

  • Each command will establish internal accountability procedures for use and destruction of forms.

  • An entity which is holder of an FCM Clearing License grants express consent to a right of re-use of financial assets provided as collateral towards Eurex Clearing AG under one or more title transfer collateral arrangements or one or more security collateral arrangements and acknowledges the general risks and consequences attached to the re-use of collateral.

  • If an FCM Clearing Agreement or the relevant FCM Clearing License of an FCM Clearing Member has been terminated, no new Swap Transaction (other than a Swap Transaction that liquidates an existing Swap Transaction) of such FCM Clearing Member, may be included in the Clearing after receipt of the termination notice in accordance withNumber 15.

Related to FCM Clearing License

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Book-Entry System means the Federal Reserve/Treasury book-entry system for receiving and delivering securities, its successors and nominees.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.