Indirect Net Account Clearing Client definition

Indirect Net Account Clearing Client means an Omnibus Segregated Clearing Client (i) in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Net Account, and (ii) whose identity is not recorded by the Clearing House but, for the avoidance of doubt, does not include any Determined Omnibus Net Segregated Client"Individual CSD-Level Segregation"means, in respect of an Authorised CSD and an account which the Clearing House has opened with such Authorised CSD, that the Clearing House holds Securities Collateral for one Clearing Member only (and no other person) in such account together with Sponsored Clearing Securities Collateral (if any) that the Clearing House holds for the same Clearing Member in its capacity as an Agent Member or Sponsored Member"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"Ineligible Transaction"has the meaning assigned to it in Regulation 91(b)"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 Derived Data”has the meaning assigned to it in Regulation 60A(g)"Inflation FCM SwapClear Contract"has the meaning assigned to it in the FCM Regulations
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Indirect Net Account Clearing Client means an Omnibus Segregated Clearing Client (i) in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Indirect Net Account, and (ii) whose identity is not recorded by the Clearing House but, for the avoidance of doubt, does not include any Determined Omnibus Net Segregated Client
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Related to Indirect Net Account Clearing Client

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • 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").

  • Currency of the Client Account means the currency that the Client Account is denominated in.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.