Omnibus Client definition

Omnibus Client means a client on whose behalf an Omnibus Account is maintained with GTN ASIA and the relevant exchanges.
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Omnibus Client means a Customer of CSBHK which has maintained an account or accounts at CSBHK to enable it to conduct Transactions through CSBHK on behalf of another person or persons, such as the Customer being an intermediary acting for its underlying clients, for whom the transaction is effected;
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Omnibus Client means a Account Holder on whose behalf an Omnibus Account is maintained with GTN Asia and the relevant exchanges; "Order(s)" means one or more Market Order(s) and/or one or more Conditional Order(s). If one Order is executed in number of partial executions, it is considered one Order for computation purposes; "Parties/Party/both Parties" mean GTN Asia and/or the Account Holder, as applicable;
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Examples of Omnibus Client in a sentence

  • As noted in Part One B, each CCP may offer at least one Omnibus Client Account and/or at least one Individual Client Account by changing some of the features.

  • We currently make two types of accounts with CSDs available to clients: Individual Client Segregated Accounts (“ISAs”) and Omnibus Client Segregated Accounts (“OSAs”).

  • However, the CCP Transactions and assets that relate to you will be commingled with the CCP Transactions and assets relating to any of our other clients that are recorded in the same Omnibus Client Account.

  • Without limitation of the foregoing, each FCM Clearing Member shall ensure that its books and records accurately reflect at all times the FCM Contracts and the value of any Collateral attributed to each FCM Omnibus Client Account with LCH and each FCM Client Sub-Account therein (where applicable) for the relevant FCM Clients.

  • For example, it may occur at CCP level as a result of Fellow Client Risk (see the explanation of this term in Part Two of this document) in an Omnibus Client Account or a Gross Omnibus Indirect Client Account, with the result that there are insufficient assets available for porting to satisfy our obligations to you in relation to the Client Transactions.

  • However, both we and the CCP may net the CCP Transactions that are recorded in the same Omnibus Client Account.

  • An affiliate may be part of the same Omnibus Client Account as other clients.

  • The Clearing House will, notwithstanding Section 9-207 of the New York Uniform Commercial Code, have the right to maintain or otherwise handle Collateral held by the Clearing House on behalf of FCM Clients (including Collateral deposited in or attributable to an FCM Omnibus Client Account with LCH or any LCH Client Depository Account) in the manner provided in the FCM Rulebook, including investing such Collateral in accordance with FCM Regulations 7(n).

  • Positions in the Omnibus Client Account are maintained and margined on a gross basis.

  • The assets provided in relation to the CCP Transaction recorded in the same Omnibus Client Account can be used in relation to any CCP Transaction (whether it relates to you or to any of our other clients) credited to that Omnibus Client Account.


More Definitions of Omnibus Client

Omnibus Client means a client on whose behalf an Omnibus Account is maintained with MFS and the relevant exchanges.
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