Listed Interest Rates Clearing Member definition
Listed Interest Rates Clearing Member means a Clearing Member that engages in Listed Interest Rates Business
Listed Interest Rates Clearing Member means a person who is designated as such by the Clearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member. “Listed Interest Rates Contribution” has the meaning assigned to it in the UK General Regulations. “Listed Interest Rates Determination Date” has the meaning assigned to it in the UK General Regulations. “Lot” means the standard unit or quantity prescribed as the trading unit of an FCM Contract by, as applicable: (i) an Exchange, with the approval of the Clearing House; or (ii) the relevant provisions of the FCM Product Specific Contract Terms and Eligibility Criteria Manual. “Margin” means, with respect to a particular account or accounts of an FCM Clearing Member with the Clearing House, the Collateral value that is attributable to such account or accounts as margin for the margining of FCM Contracts in such account or accounts, as determined by the Clearing House in accordance with the FCM Rulebook. “Member Compression Cycle” means a Multilateral Compression Cycle requested by two or more Compression Clearing Members and agreed to by the Clearing House in relation to eligible FCM SwapClear Contracts held by those requesting Compression Clearing Members. For the avoidance of doubt, a Member Compression Cycle will not involve any ACSP. “Multilateral Compression” means the exercise in which some or all of the FCM SwapClear Contracts or Non-FCM SwapClear Contracts, as applicable, submitted by two or more Compression Clearing Members (either on their own behalf or on behalf of an Authorised Compression Client), as applicable, for inclusion in a Multilateral Compression Cycle are wholly terminated and, where relevant, replaced with other FCM SwapClear Contracts or Non-FCM SwapClear Contracts. “Multilateral Compression Cycle” means the process of Multilateral Compression in accordance with a Compression Proposal, whether by way of an ACSP Compression Cycle or a Member Compression Cycle. “MER” Has the meaning assigned to it in Section 2.1.3(c) of the FCM Procedures. “Nominated FCM Client” has the meaning assigned to it in the FCM Procedures.
Listed Interest Rates Clearing Member means a person who is designated as such by the Clearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member. “Listed Interest Rates Contribution” has the meaning assigned to it in the UK General Regulations. “Listed Interest Rates Determination Date” has the meaning assigned to it in the UK General Regulations. “Lot” means the standard unit or quantity prescribed as the trading unit of an FCM Contract by, as applicable: (i) an Exchange, with the approval of the Clearing House; or (ii) the relevant provisions of the FCM Product Specific Contract Terms and Eligibility Criteria Manual. “Margin” means, with respect to a particular account or accounts of an FCM Clearing Member with the Clearing House, the Collateral value that is attributable to such account or accounts as margin for the margining of FCM Contracts in such account or accounts, as determined by the Clearing House in accordance with the FCM Rulebook.