Examples of ForexClear DMP in a sentence
Where exhaustive detail cannot be laid out in the provisions of this Annex, the ForexClear DMP will be undertaken on the basis of the principles contained herein.
The fundamental principles of the ForexClear DMP are elaborated to the fullest extent possible in this Annex.
The amount due by an Agent Member in respect of a Default Loss of a Sponsored Member shall, save as otherwise provided under the ForexClear DMP Annex, the SwapClear DMP Annex, the RepoClear DMP Annex, be the Agent Member's share of such loss arising upon the relevant Default calculated in relation to its relevant Sponsored Member engaged in the Relevant Business at the time of the relevant Default.
Each FXCCM shall take all steps and execute all documents necessary or required by the Clearing House to comply with its obligations as a FXCCM arising out of this ForexClear DMP Annex.
The overriding principle is that the Clearing House will structure Auction Portfolios with the intention of ensuring a ForexClear DMP which best protects the resources of the Clearing House, subject to compliance with applicable provisions of the CEA and the CFTC Regulations regarding segregation of client assets.
The appointment of an LCH Approved Outsourcing Agent does not absolve an FXCCM of its obligations under the ForexClear DMP (including its obligation to participate in an Auction) and an LCH Approved Outsourcing Agent's participation in the ForexClear DMP on behalf of an FXCCM, in the event of a default, shall not extend beyond the provision of operational and other ancillary support to that FXCCM.
Each FXCCM shall take all steps and execute all documents necessary or required by the Clearing House to comply with its obligations as an FXCCM arising out of this ForexClear DMP Annex.
The overriding principle behind the portfolio splitting process is that the Clearing House will structure Auction Portfolios with the intention of ensuring a ForexClear DMP which best protects the resources of the Clearing House, subject to compliance with applicable provisions of the CEA and the CFTC Regulations regarding segregation of client assets.
Scope and interpretation 1.1 The Clearing House has established a ForexClear DMP which will apply to ForexClear Contracts following the Default of a ForexClear Clearing Member and in respect of which, for the avoidance of doubt, the Clearing House will have no recourse to the process of invoicing-back.
Information regarding the ForexClear DMP 5.1 Whenever the ForexClear DMP is implemented by the Clearing House in respect of a Defaulting FXCCM, the Clearing House will, with the assistance of the ForexClear DMG, provide such ongoing information to FXCCMs as the Clearing House deems reasonably appropriate in respect of the progress of the ForexClear DMP.