Omnibus Client Position Account definition

Omnibus Client Position Account means Net Omnibus Client Position Account and Gross

Omnibus Client Position Account means the Position Account opened by EuroCCP for registration of Trade Legs Posted for the account of joint clients of that Clearing Participant;

Examples of Omnibus Client Position Account in a sentence

• In the event of a shortfall attributable to such Omnibus Client Collateral Account which corresponds to an Omnibus Client Position Account, the Clearing House may apply assets attributable to that account to cover any such shortfall, notwithstanding that the assets and the positions may belong to different Clients.

• If the Liquidation Amount of an Omnibus Client Position Account or an Omnibus Indirect Client Position Account is a positive amount, EuroCCP shall pay it to those clients when they are known to EuroCCP or, if they are not, to the Clearing Participant for the account of those clients, provided the relevant security arrangements are in place.

• Cboe Clear offers Position Accounts (House Position Account, Omnibus Client Position Account and Individual Client Position Account) and sub accounts of the Position Accounts.

• EuroCCP offers Position Accounts (House Position Account, Omnibus Client Position Account and Individual Client Position Account) and sub accounts of the Position Accounts.

• If the Liquidation Amount of the Omnibus Client Position Account or the Omnibus Indirect Client Position Account is a negative amount, the Clearing Participant shall owe such amount to EuroCCP.

• If the Liquidation Amount of the Omnibus Client Position Account or the Omnibus Indirect Client Position Account is a negative amount, the Clearing Participant shall owe such amount to Cboe Clear.

• As a dietary risk assessment support program, PDP tests for registered uses for the commodities in the program, as well as for pesticides that may not haveU.S. tolerances but are used in other countries on commodities exported to the United States.