Examples of House Accounts in a sentence
Additionally, the Clearing House will hold Clearing House Accounts at a Concentration Bank in order to facilitate transfers between accounts at Approved Financial Institutions.
The Clearing House operates Clearing House Accounts in each of the currencies at each Approved Financial Institution and separately for each such currency one Clearing House Account in connection with all Customer Accounts of Clearing Members and another Clearing House Account in connection with all Proprietary Accounts of Clearing Members.
CDC shall, at the written request of an Account Holder, establish additional House Accounts in the name of the Account Holder.
Except for those Clearing Members that clear solely for one or more House Accounts (each, a “House-Only Clearing Member”), all other Clearing Members must be registered with the CFTC as FCMs (each, an “FCM Clearing Member”).
The term "Concentration Bank" means an Approved Financial Institution at which the Clearing House has an account or accounts for the purpose of making transfers between Clearing House Accounts.