ICE NGX Clearing System definition

ICE NGX Clearing System means the electronic database system comprised of computer equipment, ICE NGX Clearing System Software and other terms and conditions provided in this Agreement for the purpose of facilitating the clearing of Transactions by Contracting Parties;
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Examples of ICE NGX Clearing System in a sentence

  • Financially Settled Futures Products are Futures Products which can be settled only by the payment of a Cash Settlement Amount and are required to be cleared on ICE NGX Clearing System.

  • Exchange will activate designated persons for trading in specific Products on the ICE NGX Trading System and/or ICE NGX Clearing System based on instructions from the Administrator, and access by the Contracting Party to the applicable Transportation System pursuant to Section 2.6 of the Terms and Conditions.

  • Upon learning of or suspecting any such fraud or breaches of security, that could affect the Contracting Party, Exchange will immediately notify the Contracting Party and take all commercially reasonable steps to remedy the situation, including without limitation halting the Contracting Party’s access to the ICE NGX Trading System and ICE NGX Clearing System and withdrawing all of the Contracting Party’s Orders from the ICE NGX Trading System.

  • Non-clearable Transactions – The Contracting Party acknowledges and agrees that Exchange may determine, in its sole discretion that it is unable to clear certain transactions where transactions have been submitted in error into the ICE NGX Clearing System.

  • Exchange will monitor the ICE NGX Trading System and ICE NGX Clearing System for and take commercially reasonable steps to prevent fraud and breaches of security.

  • Network Security – Exchange shall use commercially reasonable efforts to ensure that security systems and procedures designed to prevent unauthorized access to the ICE NGX Trading System and ICE NGX Clearing System through any network connections between the Contracting Party and the ICE NGX Trading System and ICE NGX Clearing System are implemented and maintained.

  • Access to ICE NGX Trading System and ICE NGX Clearing System – Exchange will provide access to the ICE NGX Trading System and ICE NGX Clearing System to the Contracting Party for such periods on each Business Day for Transactions in all Products that are available for trading and/or clearing as the case may be as may be designated by notice to the Contracting Parties from time to time, and may provide access on non-Business Days for trading and/or clearing as the case may be in some or all Products.

  • Exchange represents and warrants to the Contracting Party that it has the full right, power and authority to license the ICE NGX Clearing System to the Contracting Party.

  • The Exchange shall immediately notify the parties to the transaction of the details of the Block Transaction upon confirmation, and immediately update the ICE NGX Clearing System reports.

  • Notice by Contracting Party – Whenever a Contracting Party has entered into a Transaction in error through the ICE NGX Trading System or into the ICE NGX Clearing System (pursuant to an Exchange of Futures for Related Product Transaction) has been entered in error, such Contracting Party may bring such error to the attention of Exchange within ten (10) minutes after such error occurs.

Related to ICE NGX Clearing System

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Metering System means all meters and metering devices (including current transformers and potential transformers) installed by the Company and uses to measure Electricity and delivery by the Company and receipt by the BPDB of Net Energy Output. The Metering System shall be owned and maintained by the Company.

  • Net metering system means a facility for the production of electrical energy that does all of the following:

  • smart metering system means an electronic system that can measure energy consumption, providing more information than a conventional meter, and can transmit and receive data for information, monitoring and control purposes, using a form of electronic communication;

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Global warming potential means how much a given mass of a chemical contributes to global warming over a given time period compared to the same mass of carbon dioxide. Carbon dioxide's global warming potential is defined as 1.0.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Primary dose monitoring system means a system which will monitor the useful beam during irradiation and which will terminate irradiation when a preselected number of dose monitor units have been delivered.

  • Continuous monitoring system means the total equipment, required under the emission monitoring section in applicable subsections used to sample and condition (if applicable), to analyze, and to provide a permanent record of emissions or process parameters.

  • Continuous emissions rate monitoring system or “CERMS” means the total equipment required for the determination and recording of the pollutant mass emissions rate (in terms of mass per unit of time).

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • DTC System means the book-entry system of DTC.