ForexClear Matcher definition

ForexClear Matcher means a party which has been notified in writing by the Clearing House to ForexClear Participants from time to time as being a matching provider for the ForexClear Service
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ForexClear Matcher means a party which has been notified in writing by the
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ForexClear Matcher means a party which has been notified in writing by the Clearing House to ForexClear Participants from time to time as being a matching provider for the ForexClear Service "ForexClear NDF Contract" means a Contract entered into by the Clearing House with a ForexClear Clearing Member on the ForexClear NDF 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 NDF Contract Terms" means the terms applicable to each ForexClear NDF Contract as set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual applicable to ForexClear NDF Contracts "ForexClear NDF STM Contract" means a ForexClear NDF Contract that is either (i) registered at the Clearing House as a ForexClear NDF STM Contract pursuant to Regulation 91, (ii) converted into a ForexClear NDF STM Contract by the Clearing House pursuant to Regulation 106A, or (iii) a ForexClear NDF STM Contract through novation pursuant to Regulation 12(b), in each case the terms of which therefore include the ForexClear NDF STM Terms "ForexClear NDF STM Terms" means the part of the ForexClear NDF Contract Terms designated as the ForexClear NDF STM Terms by the Clearing House from time to time "ForexClear NDF Transaction" means a contracttransaction, the details meeting the applicable ForexClear Eligibility Criteria for registration as a ForexClear NDF Contract, entered into between two ForexClear Participants, of which may be particulars are presented to the Clearing House for registration of such transaction as two ForexClear NDF Contracts or one ForexClear NDF Contract and one FCM ForexClear NDF Contract (as the case may be)in the name of ForexClear Clearing Members in accordance with the Regulations. In addition, a ForexClear Transaction shall include an FCM ForexClear Transaction where the relevant ForexClear Clearing Member is an executing party
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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.


More Definitions of ForexClear Matcher

ForexClear Matcher means a party which has been notified in writing by the Clearing House to ForexClear Participants from time to time as being a matching provider for the ForexClear Service"ForexClear Participants (FXPs)"means ForexClear Clearing Members, ForexClear Dealers and ForexClear Clearing Clients and "ForexClear Participant" means any of them"ForexClear Regulations"means those Regulations which apply to ForexClear Contracts as specified in Regulation 90"ForexClear Service"means the service provided by the Clearing House under the ForexClear Regulations"ForexClear Transaction"means a contract, meeting the ForexClear Eligibility Criteria for registration as a ForexClear Contract, entered into between two ForexClear Participants, of which particulars are presented to the Clearing House for registration in the name of ForexClear Clearing Members in accordance with the Regulations. In addition, a ForexClear Transaction shall include an FCM ForexClear Transaction where the relevant ForexClear Clearing Member is an executing party"ForexClear Unfunded Contribution"has the meaning assigned to it in Rule F8 of the ForexClear Default Fund Supplement"ForexClear Unfunded Contribution Notice"has the meaning assigned to it in Rule F8 of the ForexClear Default Fund Supplement"ForexClear Voluntary Payment"has the meaning assigned to it in Rule F10 of the ForexClear Default Fund Supplement"ForexClear Voluntary Payment Notice"has the meaning assigned to it in Rule F10 of the ForexClear Default Fund Supplement"Fund Amount"in relation to the Commodities Business, the Equities Business and the Listed Interest Rate Business, has the meaning given to the term "Fund Amount" in the Supplement relating to each such Business and includes such amounts and the ForexClear Fund Amount, the General Fund Amount, the RepoClear Segregated Fund Amount and/or the SwapClear Segregated Fund Amount as applicable"GC Trade"means a €GC Trade or a SGC Trade or a Term £GC Trade"Group Member"has the meaning assigned to it in Chapter XIV(t)(i)"Hedged Account"has the meaning assigned to it in the FCM Regulations
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Related to ForexClear Matcher

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