Gross Omnibus Client Position Account definition

Gross Omnibus Client Position Account means an Account opened by EuroCCP in the name of the Clearing Participant, for registration of Trade Legs held for the joint account of Clients of the Clearing Participant, where Trade Legs are margined on a gross basis. Depending on the position netting attribute specified for an Account, each Open Position in a relevant sub-account is recorded as (a) a single net value, being either a net Buy value or a net Sell value, or (b) two net values, being a net Buy value and a net Sell value;
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Gross Omnibus Client Position Account means an Account opened by Cboe Clear in the name of the Clearing Participant, for registration of Trade Legs held for the joint account of Clients of the Clearing Participant, where Trade Legs are margined on a gross basis;
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Gross Omnibus Client Position Account means a Position Account held by a Clearing Participant as principal in its own name and capacity, but for the joint account of Clients of that Clearing Participant, where Positions are margined on a gross basis.
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More Definitions of Gross Omnibus Client Position Account

Gross Omnibus Client Position Account means a type of Omnibus Client Position Account where Trade Legs are margined on a gross basis.
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Related to Gross Omnibus Client Position Account

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Service Transfer Date means the date of a Service Transfer;