Listed Interest Rates Clearing Member definition

Listed Interest Rates Clearing Member means a Clearing Member that engages in Listed Interest Rates Business
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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.
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Examples of Listed Interest Rates Clearing Member in a sentence

  • The SwapClear Clearing Member must also be a Listed Interest Rates Clearing Member (i.e., a Joint Rates Service Clearing Member).

  • Listed Interest Rates Novation TransactionsDetails of any Listed Interest Rates Novation Transaction in respect of a Rates Exchange which is to be presented for registration must be presented in accordance with the Procedures by or on behalf of the Listed Interest Rates Clearing Member who is party to, or is providing clearing services to a party to, such Listed Interest Rates Novation Transaction.

  • By permitting a transaction to be allocated to a position-keeping account, an FCM Listed Interest Rates Clearing Member is also deemed to be designating that transaction for the associated financial account.

  • Initial Margin requirements in respect of an FCM Listed Interest Rates Clearing Member’s FCM Omnibus Listed Interest Rates Client Account with LCH are calculated on a gross basis for each FCM Client equal to the sum of the Initial Margin that would be required by the Clearing House as if each such FCM Client was an FCM Listed Interest Rates Clearing Member.

  • The Clearing House reserves the right to require additional amounts of Margin from a specific FCM Listed Interest Rates Clearing Member or from all FCM Listed Interest Rates Clearing Members in accordance with FCM Regulation 14.

  • Any exception to this must be agreed with member of staff i/c that activity and student.

  • For the avoidance of doubt, the Existing Non-Porting Clients Combined Risk Factor is calculated without respect to functionality also allows each FCM Listed Interest Rates Clearing Member to identify all FCM Listed Interest Rates Contracts registered in its name.

  • B The Laboratory fails to meet expectations in one of the areas listed under B+.

  • The terms of a registered Listed Interest Rates Contract shall be as received by the Clearing House, or its relevant approved agent, from the relevant Rates Exchange or the relevant Listed Interest Rates Clearing Member, as applicable, and otherwise subject to the Regulations (and the Clearing House and the Listed Interest Rates Clearing Member party to the registered Listed Interest Rates Contract shall be obliged to perform their obligations thereunder in accordance with such terms and the Regulations).

  • Formatted: Font: Italic, No underline, Font color: AutoFormatted: Long Standard L3Formatted: Font: ItalicFormatted: Body Text 3, Indent: Left:2.54 cm1.2.4 Static Data Prior to submission of any Listed Interest Rates Eligible Product for registration as a Listed Interest Rates Contract, a Listed Interest Rates Clearing Member is required to provide sufficient information in respect of the Rates Exchange from which such trade will be submitted.

Related to Listed Interest Rates Clearing Member

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Stated Interest Rate means with respect to (i) the Class AA Certificates, 3.15% per annum, (ii) the Class A Certificates, 3.50% per annum and (iii) the Class B Certificates, 3.85% per annum.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;