Examples of ForexClear STM Terms in a sentence
As such, with respect to each ForexClear Non-Deliverable Contract, the transfer to the Clearing House of either (i) all the Collateral in respect of the variation margin in respect that ForexClear Non-Deliverable Contract, or (ii) all the NPV Payments required pursuant to the relevant ForexClear STM Terms of that ForexClear Non- Deliverable Contract shall satisfy the relevant party's obligation to pay the Settlement Currency Amount on the Settlement Date of such ForexClear Non- Deliverable Contract.
As such, with respect to each ForexClear Non-Deliverable Contract, the transfer to theClearing House of either (i) all the Collateral in respect of the variation margin in respect that ForexClear Non-Deliverable Contract, or (ii) all the NPV Payments required pursuant to the relevant ForexClear STM Terms of that ForexClear Non-Deliverable Contract shall satisfy the relevant party's obligation to pay the Settlement Currency Amount on the Settlement Date of such ForexClear Non-Deliverable Contract.
For the avoidance of doubt, if the Clearing House determines that it shall convert a ForexClear CTM Contract into a ForexClear STM Contract, such conversion shall be effected through the Clearing House and the Converting ForexClear Clearing Member agreeing to a modification of the terms of the relevant ForexClear CTM Contract to include the ForexClear STM Terms, and each Converting ForexClear Clearing Member hereby agrees to such modification.
DISCLAIMER OF THE RESERVE BANK OF INDIA (RBI) THE DEBENTURES HAVE NOT BEEN RECOMMENDED OR APPROVED BY THE RBI NOR DOES THE RBI GUARANTEE THE ACCURACY OR ADEQUACY OF THIS IM.
ForexClear STM Conversion Date”) from, and including which, all of such ForexClear Clearing Member’s ForexClear CTM Contracts in its Proprietary Account or in a given Client Account shall cease to be registered as ForexClear CTM Contracts and shall immediately and automatically become registered as ForexClear STM Contracts, which are subject to this Regulation 106A and the ForexClear STM Terms.
As such, with respect to each ForexClear Non-Deliverable Contract, the transfer to the Clearing House of either (i) all the Collateral in respect of the variation margin in respect that ForexClear Non-Deliverable Contract, or (ii) all the NPV Payments required pursuant to the relevant ForexClear STM Terms of that ForexClear Non-Deliverable Contract shall satisfy the relevant party's obligation to pay the Settlement Currency Amount on the Settlement Date of such ForexClear Non-Deliverable Contract.
As such, withrespect to each ForexClear Non-Deliverable Contract, the transfer to the Clearing House of either (i) all the Collateral in respect of the variation margin in respect that ForexClear Non-Deliverable Contract, or (ii) all the NPV Payments required pursuant to the relevant ForexClear STM Terms of that ForexClear Non-Deliverable Contract shall satisfy the relevant party's obligation to pay the Settlement Currency Amount on the Settlement Date of such ForexClear Non-Deliverable Contract.
The definition of the term "Cash Payment Type" in the Default Rules now includes a reference to any payment under Section 4.1 and Section 10.1 of the ForexClear STM Terms, as outlined in the “Product Specific Contract Terms andEligibility Criteria Manual”.
New definitions include "ForexClear STM Contract and "ForexClear STM Terms"; as well as "ForexClear STM Contract” and “ForexClear Deliverable Forward STM Terms"; equivalent definitions have been added for NDF, Option, Spot and Swap Contracts.