Examples of Financial Market Utility in a sentence
Subtitle D—Eliminating Financial Market Utility Designations Sec.
Subtitle E—Eliminating Financial Market Utility Designations Sec.
DTC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).
NSCC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).
As required by the 165(d) Rule, as well as the written guidance and additional feedback from the Agencies, Northern Trust makes certain key assumptions, including the following:• Each Financial Market Utility (FMU), subcustodian, correspondent bank, and counterparty would act in its own self-interest and independently.
Financial Market Utility Type Membership All Secure FTP (Frost, State, CA, US Bank, Corr) Check clearing MUB Automated Clearing House (“ACH”) Electronic network for financial transactions in the U.S. MUB, BTMU-NY Chicago Mercantile Exchange (“CME") Futures exchange and swaps clearing house.
MUB, MUS(USA) Financial Market Utility Type Membership Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) System for interbank financial telecommunication.
Northern Trust has determined that it would be able to meet its minimum operating liquidity needs required to maintain critical vendor, Financial Market Utility, and subcustodian relationships during the Runway Period, and has identified the funding and liquidity needs required to maintain these relationships in TNTC Bridge Bank.
FICC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).
CHIPS is a Systemically Important Financial Market Utility (“SIFMU”) for the U.S. financial system and the primary provider of clearing and settlement services in USD funds for Eurodollar transactions.