Indirect Clearing Client definition

Indirect Clearing Client means a client of an Individual Segregated Account Clearing Client in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Omnibus Segregated Account"Indirect Omnibus Segregated Account"means in respect of an Individual Segregated Account, the sub-account to such Individual Segregated Account opened within the Clearing House by the relevant Clearing Member on behalf of the related Individual Segregated Account Clearing Clients and designated by the Clearing House as an Indirect Omnibus Segregated Account"Indirect Segregated Account Clearing Client"means a Clearing Client acting on behalf of Indirect Clearing Clients comprising an Indirect Omnibus Segregated Account"Individual Segregated Account"means an account opened within the Clearing House by a Clearing Member or an FCM which enables the relevant Clearing Member or FCM (as applicable) to distinguish the assets and positions held for the account of an Individual Segregated Account Clearing Client from the assets and positions held for the account of its other clients, and which is designated by the Clearing House as an Individual Segregated Account"Individual Segregated Account Balance"means, in respect of an Individual Segregated Account Clearing Client, the Clearing Member Current Collateral Balance of the Individual Segregated Account held by the relevant Clearing Member on behalf of such client (together with any receivables, rights, intangibles and any other collateral or assets deposited or held with the Clearing House in connection with such an account)"Individual Segregated Account Clearing Client"means a Clearing Client in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Individual Segregated Account"Inflation Clearing Group"has the meaning assigned to it in Chapter XIV(c)(i)"Inflation Clearing Group Aggregate"has the meaning assigned to it in Chapter XIV(c)(ii)"Inflation FCM SwapClear Contract"has the meaning assigned to it in the FCM Regulations
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Indirect Clearing Client means a clearing client of a clearing member whose transaction is cleared through the central counterparty, using the clearing services of a clearing member;
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Examples of Indirect Clearing Client in a sentence

  • The Clearing House will determine, in respect of each Indirect Clearing Client comprising the Indirect Gross Account, whether a Client to Client Porting, a Direct Account Opening or an Initial Transfer (as applicable) is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances.

  • In the case of Indirect Gross Accounts, the relevant segregated sub-accounts of the client "C" position-keeping account will be further segregated into position-keeping sub-accounts for each Indirect Gross Sub-Account (relating to each Indirect Clearing Client).

  • In the event of a determination by the Clearing House that the relevant step is impossible within such time period (an "Impossibility Determination"), the Clearing House will notify the SwapClear Clearing Member and will not undertake a Client to Client Porting, a Direct Account Opening or an Initial Transfer in respect of the relevant Indirect Clearing Client.

  • In the event of a determination by the Clearing House that the relevant step is impossible within such time period (an "Impossibility Determination"), the Clearing House will notify the ForexClear Clearing Member and will not undertake a Client to Client Porting, a Direct Account Opening or an Initial Transfer in respect of the relevant Indirect Clearing Client.

  • In the case of Indirect Gross Accounts, the relevant segregated sub-accounts of the client "C" position-keeping account will be further segregated into position-keeping sub- accounts for each Indirect Gross Sub-Account (relating to each Indirect Clearing Client).

  • In the event of a determination by the Clearing House that the relevant step is impossible within such time period (an "Impossibility Determination"), the Clearing House will notify the EquityClear Clearing Member and will not undertake a Client to Client Porting, a Direct Account Opening or an Initial Transfer in respect of the relevant Indirect Clearing Client.

  • In the case of Indirect Gross Accounts, the relevant segregated sub-accounts of the client "C" position-keeping account will be further segregated into position- keeping sub-accounts for each Indirect Gross Sub-Account (relating to each Indirect Clearing Client).

  • In the case of Indirect Gross Accounts, the relevant segregated sub-accounts of the client "C" position-keeping account will be further segregated into position-keeping sub-accounts for each Indirect Gross Sub- Account (relating to each Indirect Clearing Client).

  • There is a strong focus on performance and on achieving the targets with service delivery plans and the local authority plan for achieving the outcomes for the service development plan.

  • The Clearing House will determine, in respect of each Indirect Clearing Client comprising the Indirect Gross Account, whether a Client to Client Porting, aDirect Account Opening or an Initial Transfer (as applicable) is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances.


More Definitions of Indirect Clearing Client

Indirect Clearing Client means a client of an Indirect Gross Account Clearing Client or an Indirect Net Account Clearing Client in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Account"Indirect Gross Account"means, in relation to a Relevant Client Clearing Business, an account opened within the Clearing House by a Clearing Member which (i) enables such Clearing Member to distinguish the assets and positions held for the account of an Indirect Gross Account Clearing Client from the assets and positions held for the account of its other clients, (ii) is opened by such Clearing Member for the purpose of providing Client Clearing Services to such Indirect Gross Account Clearing Client who is, in turn, providing clearing services to its Indirect Clearing Clients, and (iii) is designated by the Clearing House as an Indirect Gross Account"Indirect Gross Account Balance"means, in respect of an Indirect Gross Account Clearing Client, the Clearing Member Current Collateral Balance of the Indirect Gross Account held by the relevant Clearing Member on behalf of such Indirect Gross Account Clearing Client (together with any receivables, rights, intangibles and any other collateral or assets deposited or held with the Clearing House in connection with such account)"Indirect Gross Account Clearing Client"means a Clearing Client in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Gross Account"Indirect Gross Sub-Account"means, in respect of an Indirect Gross Account, a segregated sub-account of such Indirect Gross Account, which is established on the books of the Clearing House for the purpose of recording Contracts which (i) the relevant Clearing Member has entered into with the Clearing House in respect of the relevant Indirect Gross Account Clearing Client, and (ii) are referable to a particular Indirect Clearing Client of such Indirect Gross Account Clearing Client"Indirect Net Account"means, in relation to a Relevant Client Clearing Business, an Omnibus Segregated Account which is (i) opened by a Clearing Member for the purpose of providing Client Clearing Services to one or more Indirect Net Account Clearing Clients who are, in turn, providing clearing services to their Indirect Clearing Clients, and (ii) designated by the Clearing House as an Indirect Net Account, but, for the avoidance of doubt, does not include any Omnibus Segregated Account comprising Determined Omnibus NetSegregat...
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Indirect Clearing Client means a client of an Individual Segregated AccountClearing Client in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Omnibus Segregated Account
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Indirect Clearing Client means a clearing client of a direct clearing client whose transactions are cleared through the central counterparty, using the direct clearing client and the clearing services of a clearing member;
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Related to Indirect Clearing Client

  • 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.

  • 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.

  • Indirect contact means the contact of persons with exposed conductive parts.

  • 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.

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Indirect Political Event shall have the meaning set forth in Clause 21.3;

  • Fiscal Intermediary means any qualified insurance company or other Person that has entered into an ongoing relationship with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other federal, state or local public health care or medical assistance program pursuant to any of the Health Care Laws.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

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

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

  • Financial Intermediary means a financial intermediary as that term is defined in Rule 22c-2.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • 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.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Indirect instruction means any general or specific instruction given in any form by the person required to provide the notification or any person controlled by that person within the meaning of Article L. 233-3 of the Commercial Code that limits the discretion of the management company or the investment service provider in the exercise of the voting rights in order to serve the commercial interests of the person required to provide the notification or the controlled person.

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

  • Clearing Organization means The Depository Trust Company, or, if agreed to by Borrower and Lender, such other clearing agency at which Borrower (or Borrower's agent) and Lender (or Lender's agent) maintain accounts, or a book-entry system maintained by a Federal Reserve Bank.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Clearing Costs means all of the Investor’s broker and Transfer Agent fees. “Clearing Date” shall be the date on which the Investor receives the Put Shares as DWAC Shares in its brokerage account.

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.