ForexClear DMG definition

ForexClear DMG means the advisory ForexClear Default Management Group established by the Clearing House pursuant to the terms of this Annex;
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Examples of ForexClear DMG in a sentence

  • The aim of Risk Neutralisation is to reduce market exposure to within defined tolerance limits expressed as deltas or other measures of market risk and as established from time to time by the Clearing House in consultation with the ForexClear DMG or as may reasonably be determined by the Clearing House in consultation with the ForexClear DMG once a Default has been declared under the Default Rules.

  • FXCCMs will be required to exercise best endeavours to comply with such requirements as may be established by the Clearing House, after consultation with the ForexClear DMG, to effect the transfer of positions, including but not limited to the payment of any sums due as a result of the winning bid and the provision of Collateral in an amount required by the Clearing House in respect of their initial margin and variation margin obligations in respect of positions which are to be registered in their names.

  • Each FX FCM who makes available a representative to serve on the ForexClear DMG agrees, and shall procure that, to the extent applicable, its representatives agree to be bound by and to ensure that it and any of its executives or directors serving on the ForexClear DMG complies with Schedule 2.2A covering confidentiality, non-disclosure and other terms.

  • To ensure that such potential conflicts are demonstrably contained, Schedule 2.2A establishes binding obligations of confidentiality, anonymity and the extent of dissemination of information on FX FCMs (and their executives or directors who participate from time to time in the ForexClear DMG) and on the Clearing House.

  • To ensure that such potential conflicts are demonstrably contained, Schedule 1 (Confidentiality, non-disclosure and participation in the ForexClear Default Management Group) establishes binding obligations of confidentiality, anonymity and the extent of dissemination of information on FXCCMs (and their executives or directors who participate from time to time in the ForexClear DMG) and on the Clearing House.

  • The Clearing House, in consultation with and with the assistance of the ForexClear DMG, shall determine the composition of each Auction Portfolio and shall have the discretion to divide a Portfolio into two or more individual Auction Portfolios with the aim of facilitating the efficiency of, and reducing the risk associated with, the auction process provided for in Rule 2.3 of this Annex.

  • Each FXCCM who makes available a representative to serve on the ForexClear DMG agrees, and shall procure that, to the extent applicable, its representatives agree to be bound by and to ensure that it and any of its executives or directors serving on the ForexClear DMG complies with Schedule 1 (Confidentiality, non-disclosure and participation in the ForexClear Default Management Group) covering confidentiality, non-disclosure and other terms.

  • For the avoidance of doubt, ana Non-Defaulting FXCCM shall beis entitled to submit a bid on behalf of one or more affiliated Non-Defaulting FXCCMs. The ForexClear DMG will oversee the bidding process in a manner which it considers best protects the resources of the Clearing House and ensures an orderly process.

Related to ForexClear DMG

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