Examples of ForexClear Matcher in a sentence
Notwithstanding the designation by the Clearing House of a system as a ForexClear Matcher, the Clearing House makes no warranty (and will accept no liability) as to the effectiveness, efficiency, performance or any other aspect of the services provided by any ForexClear Matcher or the timeliness or otherwise of the delivery of any ForexClear Transaction details by that ForexClear Matcher to the Clearing House.
Once the ForexClear Matcher receives the trade instructions from the FXPs who are parties to the trade, the ForexClear Matcher matches both instructions.
Submission of the matched trade terms through the ForexClear Matcher will ensure that the agreed terms of the trade are recorded.
Rejections are reported back to the counterparties through the ForexClear Matcher.
In the event that the Clearing House registers any ForexClear Contract(s) on the basis of incorrect or corrupted data sent to it by a ForexClear Matcher, the FXCCM(s) concerned shall be bound by the terms of such ForexClear Contract(s), unless the ForexClear Contract is subsequently cancelled in accordance with Regulation 91 (Cancellation of ForexClear Contracts).
The ForexClear Matcher validates the trade using the ForexClear Eligibility Criteria and will, if appropriate, submit a single message containing the names of the FXPs who are parties to the trade and the terms of the trade to the Clearing House for registration and clearing, such matched trade being known as a "ForexClear Transaction".
ForexClear Matcher A party which has been notified in writing by the ClearingHouse to ForexClear Participants from time to time as being a matching provider for the ForexClear Service.
The Clearing House accepts no liability for any error within or corruption of any data sent by the ForexClear Matcher to the Clearing House or to an FXCCM or any delay in or failure of the transmission of such data to the Clearing House.
The Clearing House will register a ForexClear Transaction on the basis of the data provided to it by theForexClear Matcher and has no obligation to verify that the details received from the ForexClear Matcher in respect of a ForexClear Transaction properly reflect the trade entered into by the relevant FXCCMs. Application for ForexClear Matcher status shall be made in accordance with the policies published from time to time on the Clearing House's website.
After the execution of an NDF (a "trade"), each FXP who is a party to the trade will submit individual instructions to the ForexClear Matcher for matching and clearing of the trade.