Examples of House Position Account in a sentence
Trade Legs Registration in the Fixed Income Clearing System Article 3.2.1.6For each General Clearing Member, LCH SA opens at least: (i) one House Position Account in the House Account Structure of such General Clearing Member; and(ii) one Client Position Account in each Client Account Structure of such General Clearing Member.
Article 3.2.1.7For each Individual Clearing Member, LCH SA opens at least one House Position Account in the House Account Structure of such Individual Clearing Member.
If a Clearing Member wishes to change its standard settlement instruction in respect of cash payments relevant to its House Position Account and House Collateral Account and/or its Client Position Accounts and Client Collateral Accounts (if applicable), it must provide at least 10 OTC Clear Business Days’ advance notice to OTC Clear pursuant to section 2.6 of these Clearing Procedures prior to effecting such change.
Each Clearing Member has its intra-day Variation Margin limit (“lntra-day VM Limit”) which is the threshold level at which a Routine Intra-day VM Call will be triggered in respect of such Clearing Member’s Contracts recorded to its House Position Account only (for the avoidance of doubt, no Routine Intra-day VM Call shall be made in respect of any Client Position Account(s)).
TDRP10 WEB Month Regis IRSReport Descriptions:Purpose:This report lists all the Rate Derivatives Contracts that had complete the registration/deregistration process with OTC Clear during a particular calendar month in respect of the House Position Account of a Clearing Member.
At regular intervals during an OTC Clear Clearing Day, OTC Clear will determine the aggregate Initial Margin and Additional Margin requirements in respect of all the Contracts then recorded to a Clearing Member’s House Position Account, taking into consideration any Variation Margin requirements reflecting intra-day market movements, and compare the same with the then Margin Balance relating to such Clearing Member’s House Position Account.
The imposition of an Ad Hoc Intra-day VM Call, if applicable, will apply to each Clearing Member with respect to each Contract then registered in its name (including both House Position Account and Client Position Account, if any).
TDRP12 WEB Dly Pend FXD TradesReport Descriptions:Purpose:This report lists out the Deliverable FX Derivatives Contracts, in relation to the House Position Account, that does not satisfy the “Margin Process” as set out in section 4.6 of these Clearing Procedures; such Original Transaction will be put on “pending” status with OTC Clear.
Where a Clearing Member participates in more than one Default Fund, a separate House Position Account will be established for each Relevant Transaction Type.
Where the Clearing Procedures provide for Margin to be determined across more than one House Position Account, the Clearing House may allow for reduction in the Margin required to the extent there is significant correlation between the price risks of Cleared Transactions allocated to such House Position Accounts.