General Clearing Participant definition

General Clearing Participant means a Clearing Participant authorised to clear Trades which have been dealt for its own account or have been concluded for the account of Clients or for Trading Participants;
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General Clearing Participant or “GCP” means a Participant admitted to participate in CCASS as a General Clearing Participant;
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General Clearing Participant means a Clearing Participant as specified in chapter 2, article 1.2.
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Examples of General Clearing Participant in a sentence

  • In the event the entity submitting this document is both a Trading Participant and a General Clearing Participant, no deletion is required and a single document may be submitted.

  • In discharging the obligations under the said Rule, a General Clearing Participant must, amongst others, comply with the requirements set out below.

  • In discharging the obligation under the said Rule, a General Clearing Participant must, amongst others, comply with the requirements set out below.

  • For the avoidance of doubt, this Directive shall not be construed so as to authorise the General Clearing Participant to deposit Clients’ securities with the Clearing House for the purpose of the General Clearing Participants’ Margin payment to the Clearing House where the Memorandum of Deposit has not been executed by the Clients.

  • The General Clearing Participant and the Client are not allowed to amend, vary, add or substitute etc.

  • Section 108 of the Act applies as if those accounting records and other records were accounting records required by that section to be kept by the General Clearing Participant.

  • A General Clearing Participant and Registered Person must immediately notify the Clearing House in writing upon becoming aware of any of the above circumstances.

  • If, at any particular time, the total amount of the relevant liabilities of a Client of a General Clearing Participant exceeds the relevant credit balance of the Client, the General Clearing Participant must in respect of the Client, deposit in a Clients’ Segregated Account of the General Clearing Participant an amount of money not greater than the amount of the excess, and the amount so deposited is to be taken, subject to paragraph 8.1(11), to be money to which the Client is entitled.

  • The statement of account must contain relevant details of the Client’s transactions including all charges imposed, payments made and assets the General Clearing Participant holds for the Client.

  • The General Clearing Participant must send each Client a statement of account on a monthly basis on all transactions in the Client’s account unless there is no change from the last statement.

Related to General Clearing Participant

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Reporting Participant means a Participant who is subject to the reporting requirements of Section 16 of the Exchange Act.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Single Allocation Platform;

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Participant has the meaning specified in Section 10.06(d).

  • Study Participant means a person recruited to participate in the Study.

  • Market Participant means an entity that, for its own account, produces, transmits, sells, and/or purchases for its own consumption or resale capacity, energy, energy derivatives and ancillary services in the wholesale power markets. Market Participants include transmission service customers, power exchanges, Transmission Owners, load serving entities, loads, holders of energy derivatives, generators and other power suppliers and their designated agents.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).