Noncustomer account means an ac- count in which commodity futures, op- tions or cleared over the counter deriv- ative positions are carried on the books of the applicant or registrant which is either:
Noncustomer account means an account in which commodity futures, options or cleared over the counter derivative positions are carried on the books of the applicant or registrant which is either:* * * * *
Noncustomer account. ’ means a commodity futures or option account carried on the books of the applicant or registrant which is either:
Examples of Noncustomer account in a sentence
Trading Against Customers’ Orders No Member (including its Registered Users) may enter into a transaction on behalf of a Customer in which such Member or Registered Users or any Person trading for an account in which such Member or Registered User has a financial interest (including a Noncustomer account), intentionally assumes the opposite side of the transaction.
More Definitions of Noncustomer account
Noncustomer account means a com- modity futures or option account car- ried on the books of the applicant or registrant which is not included in the definition of customer (as defined in paragraph (b)(2)) or proprietary ac- count (as defined in paragraph (b)(3) of this section).
Noncustomer account means anaccount in which commodity futures, options or cleared over the counter derivative positions are carried on the books of the applicant or registrant which is either:* * * * *(7) Customer account means an account in which commodity futures,options or cleared over the counter derivative positions are carried on the books of the applicant or registrant which is either:* * * * *(8) Risk Margin for an account means the level of maintenance margin or performance bond required for the customer or noncustomer positions by the applicable exchanges or clearing organizations, and, where margin or performance bond is required only for accounts at the clearing organization, for purposes of the FCM’s risk-based capital calculations applying the same margin or performance bond requirements to customer and noncustomer positions in accounts carried by the FCM, subject to the following.* * * * *(9) Cleared over the counter derivative positions means ‘‘over the counter derivative instrument’’ (as defined in 12U.S.C. 4421) positions of any person in accounts carried on the books of the futures commission merchant and cleared by any organization permitted to clear such instruments under the laws of the relevant jurisdiction.(10) Cleared over the counter customer means any person that is not a proprietary person as defined in§ 1.3(y) and for whom the futures commission merchant carries on its books one or more accounts for the over the counter-cleared derivative positions of such person.(c) * * *
Noncustomer account means a com- modity futures or option account car- ried on the books of the applicant or registrant which is either: