Listed Interest Rates Service definition

Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations

Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations"lot"means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract. In relation to a contract other than an exchange contract, the standard unit or quantity prescribed by the relevant contract terms"LSE"means the London Stock Exchange plc or any successor in title"LSE Derivatives Markets Account"means an account maintained in the name of LSE by the Clearing House pursuant to Regulation 10 in which LSE Derivatives Markets Cleared Exchange Contracts may be registered pursuant to Regulation 77 or Regulation 81 or in such other circumstances as may be agreed between LSE and the Clearing House from time to time"LSE Derivatives Markets Clearing Client"means, in respect of LSE Derivatives Markets Client Clearing Business, an Individual Segregated Account Clearing Client, Indirect Gross Account Clearing Client or Omnibus Segregated Clearing Client"LSE Derivatives Markets Clearing House Business"means LSE Derivatives Markets Cleared Exchange Contracts entered into by a LSE Derivatives Markets Clearing Member with the Clearing House on a proprietary basis and for its own account"LSE Derivatives Markets Client Clearing Business"means the provision of LSE Derivatives Markets Client Clearing Services by a LSE Derivatives Markets Clearing Member"LSE Derivatives Markets Client Clearing Services"means the entering into of LSE Derivatives Markets Cleared Exchange Contracts by a LSE Derivatives Markets Clearing Member in respect of its Individual Segregated Account Clearing Clients, Indirect Gross Account Clearing Clients and/or Omnibus Segregated Clearing Clients"LSE Derivatives Markets Cleared Exchange Contract"means a Contract entered into by the Clearing House in accordance with the LSE Derivatives Markets Regulations"LSE Derivatives Markets Clearing Member"means a Member authorised by the Clearing House to participate in the LSE Derivatives Markets Service"LSE Derivatives Markets Contract Specification"means, in respect of an LSE Derivatives Markets Eligible Product, the relevant contract specification set out in the LSE Derivatives Markets Rules.

Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations"lot"means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract. In relation to a contract other than an exchange contract, the standard unit or quantity prescribed by the relevant contract terms"LSE"means the London Stock Exchange plc or any successor in title"Mandatory ForexClear Swap Contract"means a ForexClear Swap Contract that is entered into for and on behalf of an Affected and/or Non-Affected ForexClear Option Clearing Member by the Clearing House acting pursuant to Regulation 101(d)(v) or Regulation 101(h) and Regulation 105"Mandatory ForexClear Swap Limit"means, in respect of a given day, a given ForexClear Currency and a given ForexClear Option Clearing Member, the maximum amount of Mandatory ForexClear Swap Transactions denominated in that ForexClear Currency that the Clearing House shall be entitled to enter into on that day on behalf of that ForexClear Option Clearing Member in accordance with Regulation 101(d)(v), as determined in accordance with the Procedures"Mandatory ForexClear Swap Limit Cap"means, in respect of a ForexClear Currency and all ForexClear Option Clearing Members, USD1,000,000,000 (or the equivalent denominated in the relevant ForexClear Currency) (as amended from time to time in accordance with the Regulations)"Mandatory Settlement ForexClear Swap Contract"means a ForexClear Swap Contract that is entered into for and on behalf of an Impacted and/or Non-Impacted ForexClear Option Clearing Member by the Clearing House acting pursuant to Regulation 100(k), Regulation 100(l) and Regulation 105"margin"means initial margin, variation margin and/or any other amounts required to be transferred and maintained under Regulation 20(a) (Margin and Collateral)"Margin Cover"has the meaning ascribed to such term in Default Rule 15(a)"Margin Shortfall"has the meaning assigned to it in Section 1.3.3 (Client Buffer, SwapClear Tolerance and Standing Order Amount) of Section 2C (SwapClear Clearing Service) of the Procedures

Examples of Listed Interest Rates Service in a sentence

• However it should be noted that, regardless of whether or not a Joint Rates Service Clearing Member opts in, the SwapClear Service and Listed Interest Rates Service share a common default fund.

• In particular, the resources of a Clearing Member that is a member of the SwapClear Service and the Listed Interest Rates Service will be made available to cover the Clearing House’s losses in a different manner to those of a Clearing Member that is only a member of one of those Services, regardless of whether that Clearing Member opts-in to the Portfolio Margining Service.

• In addition, Rates Service Clearing Members and/or their parent companies and/or subsidiaries and/or fellow subsidiaries, have direct interests in the ongoing integrity of the SwapClear Service and Listed Interest Rates Service, notably as contributors to the various default funds of the Clearing House.

• At a predetermined time following the close of the relevant Listed Interest Rates Service on each business day, the Clearing House will run the Portfolio Margining Calculation Tool.

• Portfolio Margining The Portfolio Margining Service is an optional service available which provides portfolio-margining functionality in respect of pairs of accounts which are held in the SwapClear Service and the Listed Interest Rates Service.

• This potentially enables the transfer of Eligible Listed Interest Rates Contracts between a Listed Interest Rates Service Client Account and a SwapClear Client Account, in order to reduce the amount of collateral that must be provided to LCH in respect of Contracts recorded to such Client Accounts.

• The SwapClear Service and Listed Interest Rates Service share a common default fund.

• At a predetermined time following the close of the relevant Listed Interest Rates Service on each business day, the Clearing House willrun the Portfolio Margining Calculation Tool.

• The SwapClear Service and the Listed Interest Rates Service are combined into one single service (the “Rates Service”), which shares a common default fund and default management arrangements.

• Regulation 96 to Regulation 104 apply to the Listed Interest Rates Service.

More Definitions of Listed Interest Rates Service

Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations "lot" means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract.

Listed Interest Rates Service means the Service provided by the Clearing House under the

Listed Interest Rates Service means the clearing service of the Clearing House relating