ForexClear NDF Contract definition

ForexClear NDF Contract means a Contract entered into by the Clearing House with aForexClear 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 contract, meeting the applicable ForexClear Eligibility Criteria for registration as a ForexClear NDF 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 NDO Contract"means a Contract entered into by the Clearing House with a ForexClear Clearing Member on the ForexClear NDO 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 NDO Contract Terms"means the terms applicable to each ForexClear NDO Contract as set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual applicable to ForexClear NDO Contracts
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ForexClear NDF Contract means a Contract entered into by the Clearing House with a
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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
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Examples of ForexClear NDF Contract in a sentence

  • If Valuation Postponement applies, the ForexClear NDF Contract is valued using the current forward price (based on the data submitted by FXCCMs, in accordance with Section 1.4.2 (Market Data Sources and Frequencies) to (and including) the date on which the Settlement Rate is determined in accordance with the ForexClear NDF Contract Terms.

  • With respect to each ForexClear NDF Contract, on the business day immediately preceding the Settlement Date, the Clearing House nets the Settlement Currency Amount against the aggregate net variation margin or aggregate NPV Payments (as applicable) which have been paid/received through the term of the ForexClear NDF Contract, the result of which is a Net Settlement Amount ("NSA"), which will be reflected in the FXCCMs' cash accounts with the Clearing House on the Settlement Date.

  • This paragraph applies even if the Settlement Date has been adjusted in accordance with the ForexClear NDF Contract Terms.

  • The Clearing House is the Calculation Agent and will store and apply the Settlement Rate Option and the Valuation Date for each ForexClear NDF Contract.

  • On the Valuation Date with respect to each ForexClear NDF Contract, the Settlement Rate will be retrieved as set forth in paragraph (a) below.

  • At EOD on the Valuation Date, the Settlement Rate is used to value the ForexClear NDF Contract.

  • From (and including) the Registration Time to the EOD Margin and Settlement Run on the business day preceding the Valuation Date, each ForexClear NDF Contract is valued in USD using the current market rates and discounted from the future Settlement Date to its present value (being valued using the data submitted by FXCCMs, in accordance with Section 1.4.2 (Market Data Sources and Frequencies).

  • With respect to each ForexClear NDF Contract, the Settlement Currency Amount is calculated by the application of the Settlement Rate to the Notional Amount in accordance with the ForexClear NDF Contract Terms.

  • For the purpose of providing Nostro reconciliations, to the relevant parties, the Clearing House will provide Reporting (as defined in Section 1.7 (ForexClear Reporting)) which will reflect an entry for the "Settlement Currency Amount" and a separate entry for the reversal of the aggregate net variation margin or NPV Payments which have been paid/received through the term of the ForexClear NDF Contract.

  • As such, with respect to each ForexClear NDF Contract, the transfer to the Clearing House of either (i) all the Collateral in respect of the variation margin in respectthat ForexClear NDF Contract, or (ii) all the NPV Payments required pursuant to the ForexClear NDF STM Terms of that ForexClear NDF Contract shall satisfy the relevant party's obligation to pay the Settlement Currency Amount on the Settlement Date of such ForexClear NDF Contract.


More Definitions of ForexClear NDF Contract

ForexClear NDF Contract means a Contract entered into by the Clearing House with aMoved down [1]: means ForexClear Clearing Members, ForexClear Dealers and ForexClear Clearing Clients and "ForexClear Participant" means any ofthemDeleted: "Deleted: RegulationsDeleted: those Regulations which applyDeleted: as specified inForexClear 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
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Related to ForexClear NDF Contract

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Call-Off Contract means any contract for the Supply of Services between a Framework Public Body and the Contractor entered into in accordance with the Award Procedures and based on the Standard Terms of Supply.

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;