Individual Client Position Account definition

Individual Client Position Account means an Account opened by EuroCCP in the name of the Clearing Participant, for registration of Trade Legs held for the account of an individual Client;

Individual Client Position Account means the Position Account opened by EuroCCP for registration of Trade Legs Posted for the account of that individual Client;

Individual Client Position Account means the Position Account for the registration of Positions held by Clearing Participant as principal in its own name and capacity, but for the account of a specified individual Client of Clearing Participant.

Examples of Individual Client Position Account in a sentence

• To the extent the Clearing Member has opened more than one Individual Client Position Account for a single Client, an Individual Client Collateral Account shall be opened for each corresponding Individual Client Position Account.

• With respect to each Individual Client Position Account, where a Clearing Member has collected collateral from a Client (to support Back-to-Back Obligations) which has a value in excess of the Collateral which the Clearing House has called with respect to the Margin requirements of the corresponding Cleared Transactions, the Clearing Member shall deliver Collateral having a value at least equal to such excess to the Clearing House.

• To the extent a Client participates in more than one Relevant Transaction Type that it intends to be individually segregated, a separate Individual Client Position Account shall be opened for each such Relevant Transaction Type.

• If the Liquidation Amount of an Individual Client Position Account is a positive amount EuroCCP shall pay it to the client when known to EuroCCP or, if not, to the Clearing Participant for the account of the client, provided the relevant security arrangements are in place.

• Cboe Clear offers Position Accounts (House Position Account, Omnibus Client Position Account and Individual Client Position Account) and sub accounts of the Position Accounts.

• If the Liquidation Amount of the Individual Client Position Account is a negative amount, the Clearing Participant shall owe such amount to EuroCCP.

• EuroCCP offers Position Accounts (House Position Account, Omnibus Client Position Account and Individual Client Position Account) and sub accounts of the Position Accounts.

• Should a Trading Participant require an SFI account at EuroCCP, this account will be an Individual Client Position Account, which will be margined separately.

• I If the Liquidation Amount of an Individual Client Position Account is a positive amount EuroCCP shall pay it to the client when known to EuroCCP or, if not, to the Clearing Participant for the account of the client, provided the relevant security arrangements are in place conditions set out in the Regulation Segregation and Portability are met.

• Should a Trading Participant require an SFI account at Cboe Clear, this account will be an Individual Client Position Account, which will be margined separately.