Gross Omnibus Indirect 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 Indirect 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;
Gross Omnibus Indirect 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 Indirect Clients of the Clearing Participant, where Trade Legs are margined on a gross basis;
Gross Omnibus Indirect Client Position Account means a Position Account held by a Clearing Participant as principal in its own name and capacity, but for a Client of that Clearing Participant in relation to the joint account of Clients of that Client, where Positions are margined on a gross basis.
Examples of Gross Omnibus Indirect Client Position Account in a sentence
This does makes it less easy to compare the costs incurred by the Fund with those of peer pension funds.
A Gross Omnibus (Indirect) Client Collateral Account is an Account opened by EuroCCP in the name of the Clearing Participant, holding Collateral deposited by the Clearing Participant to cover the Margin for the corresponding Gross Omnibus (Indirect) Client Position Account The (Indirect) Clients within this type of Account may or may not be known to EuroCCP.
More Definitions of Gross Omnibus Indirect Client Position Account
Gross Omnibus Indirect Client Position Account means a type of Omnibus Indirect Client Position Account where Trade Legs are margined on a gross basis.