ForexClear Clearing Client definition

ForexClear Clearing Client means, in respect of ForexClear Client Clearing Business, an
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ForexClear Clearing Client means, in respect of ForexClear Client Clearing Business, an Individual Segregated Account Clearing Client, Indirect Gross Account Clearing Client or Omnibus Segregated Clearing Client"ForexClear Clearing House Business"means ForexClear Contracts entered into by a ForexClear Clearing Member with the Clearing House on a proprietary basis and for its own account"ForexClear Clearing Member (FXCCM)"means a Member who is designated by the Clearing House as a ForexClear Clearing Member eligible to clear ForexClear Contracts which includes, in the case of the Default Rules (including the ForexClear DMP Annex), the FCM Default Fund Agreement and any other document, rule or procedure as specified by the Clearing House from time to time, an FCM Clearing Member"ForexClear Client Clearing Businessmeans the provision of ForexClear Client Clearing Services by a ForexClear Clearing Member"ForexClear Client Clearing Services"means the entering into of ForexClear Contracts by a ForexClear Clearing Member in respect of its Individual Segregated Account Clearing Clients, Indirect Gross Account Clearing Clients and/or Omnibus Segregated Clearing Clients"ForexClear Contract"means a ForexClear NDF Contract, a ForexClear Spot Contract, a ForexClear Deliverable Forward Contract, a ForexClear Option Contract or a ForexClear Swap Contract"ForexClear Contract Terms"means the ForexClear NDF Contract Terms, the ForexClear Spot Contract Terms, the ForexClear Deliverable Forward Contract Terms, the ForexClear Option Contract Terms or the ForexClear Swap Contract Terms (as applicable) "ForexClear Contribution" means an FXCCM's Contribution provided for under the ForexClear Default Fund Supplement and shall include (i) any relevant ForexClear Unfunded Contributions in respect of the FXCCM, (ii) any relevant Supplementary Contribution in respect of the FXCCM, and (iii) if the Clearing Member is a ForexClear Option Clearing Member, the ForexClear Option Service Default Fund Contribution of that ForexClear Option Clearing Member. For the avoidance of doubt, the ForexClear Contribution shall not include any of the ForexClear Liquidity Fund Contributions made by a ForexClear Option Clearing Member"ForexClear CTM Contract"means a ForexClear Contract that is not a ForexClear STM Contract
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Examples of ForexClear Clearing Client in a sentence

  • Pursuant to the Clearing House's General Regulations, each ForexClear Clearing Member is required to ensure that it includes certain language in its agreement with its ForexClear Clearing Client (the "Clearing House Prescribed Language").

  • Where, following the Default of a ForexClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a ForexClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Account Balances to that appointed Backup Clearing Member.

  • A FXCCM agrees that the Clearing House is permitted, after the Default of such FXCCM, to disclose the Portfolio in respect of a Relevant Client Account and ForexClear Clearing Client of such FXCCM, to each Backup Clearing Member appointed by such ForexClear Clearing Client in respect of the ForexClear Service.

  • A ForexClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the ForexClear Contracts entered into by a ForexClear Clearing Member on its behalf, in accordance with the Client Clearing Annex.

  • Note: The appointment by a ForexClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that ForexClear Contracts will always be transferred to that Backup Clearing Member.

  • A ForexClear Clearing Client may, at any time, appoint one or more Backup Clearing Member(s) in respect of the ForexClear Service, for the purpose of porting ForexClear Contracts entered into by a FXCCM on its behalf and corresponding Account Balance(s), in accordance with the Client Clearing Annex.

  • The Clearing House will usually arrange a transfer of any ForexClear Contracts to be transferred pursuant to this paragraph (c) within 24 hours of receipt (to the extent applicable) of the documents listed in sub- paragraphs (i) and (ii) above, unless such transfer is contested by the relevant ForexClear Clearing Client.

  • Further information in relation to such Security Deed is prescribed by the Clearing House from time to time and published on the Clearing House's website.(b) Prescribed Language and End-User Notice: Pursuant to the Clearing House's General Regulations, each ForexClear Clearing Member is required to ensure that it includes certain language in its agreement with its ForexClear Clearing Client (the "Clearing House Prescribed Language").

  • For the purposes of this Section 1.12.3 a "Related ForexClear Contract" means, in respect of a transaction between an FXCCM and a ForexClear Clearing Client which has been terminated on an early termination date, the open position represented by the ForexClearContract entered into with the Clearing House by such FXCCM on behalf of the relevant ForexClear Clearing Client on equal and opposite terms to such transaction.

  • A ForexClear Clearing Client may, at any time, appoint one or more Backup Clearing Member(s) in respect of the ForexClear Service, for the purpose of porting ForexClear Contracts entered into by a FXCCM on its behalf andcorresponding Account Balance(s), in accordance with the Client Clearing Annex.


More Definitions of ForexClear Clearing Client

ForexClear Clearing Client means, in respect of ForexClear Client Clearing Business, an Individual Segregated Account Clearing Client or an Omnibus Segregated Clearing Client"ForexClear Clearing House Business"means ForexClear Contracts entered into by a ForexClear Clearing Member with the Clearing House on a proprietary basis and for its own account"ForexClear Clearing Member (FXCCM)"means a Member who is designated by the Clearing House as a ForexClear Clearing Member eligible to clear ForexClear Contracts which includes, in the case of the Default Rules (including the ForexClear DMP Annex), the FCM Default Fund Agreement and any other document, rule or procedure as specified by the Clearing House from time to time, an FCM Clearing Member"ForexClear Client Clearing Businessmeans the provision of ForexClear Client Clearing Services by a ForexClear Clearing Member"ForexClear Client Clearing Services"means the entering into of ForexClear Contracts by a ForexClear Clearing Member in respect of its Individual Segregated Account Clearing Clients and/or its Omnibus Segregated Clearing Clients"ForexClear Contract"means a Contract entered into by the Clearing House with a ForexClear Clearing Member on the ForexClear Contract Terms which includes, in the case of the Default Rules (including the ForexClear DMP Annex but excluding, for the avoidance of doubt, the Client Clearing Annex), the FCM Default Fund Agreement and any other document, rule or procedure as specified by the Clearing House from time to time, an FCM ForexClear Contract"ForexClear Contract Terms"means the terms applicable to each ForexClear Contract as set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual"ForexClear Contribution"means the amount of an FXCCM's Contribution determined in accordance with the ForexClear Default Fund Supplement and shall include any ForexClear Unfunded Contributions and any relevant Supplementary Contribution deposited and made by the FXCCM with the Clearing House"ForexClear Dealer (FXD)"means a person admitted by the Clearing House to the Register of ForexClear Dealers and who has not been removed from the Register of ForexClear Dealers"ForexClear Dealer Clearing Agreement (FDC Agreement)"means a written agreement, in the form and on the terms prescribed by the Clearing House between an FXD, an FXCCM and the Clearing House
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Related to ForexClear Clearing Client

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

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

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • 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.