Porting Requirements definition

Porting Requirements means all of the following requirements:
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Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: […] (iii) the Replacement Clearing Member has (a) confirmed to Eurex Clearing AG that all Undisclosed Direct Clients to which Omnibus Transactions under the relevant Omnibus Standard Agreement relate, have designated, and have taken all necessary steps to allow, the Replacement Clearing Member to act as their future Clearing Member in respect of their transactions that correspond to any Omnibus Transactions under the relevant Omnibus Standard Agreement and (b) provided Eurex Clearing AG in writing (Textform) with a list of all Transactions comprised in the relevant NOSA UDC Transaction Accounts Group, unless (in the case of (b)) the Replacement Clearing Member has already been designated as such for the relevant Omnibus Standard Agreement by the Transferor Clearing Member prior to the Termination DateClearing Member Termination Date pursuant to Number 8.5;[…] If the Porting Requirements are not satisfied by 13:00 hours (Frankfurt am Main time) on the Business Day following the Clearing Member Termination Date with respect to the Proprietary Standard Agreement of the Clearing Member or such longer period of time specified by Eurex Clearing AG in the individual case, there will be no Transfer pursuant to this Number 8.4, a Termination with respect to the relevant Omnibus Standard Agreement occurs and Subpart A Numbers 6.3 to 6.6 and Number 9 below shall apply. […] 8.6 No Transfer shall affect (i) the Proprietary Standard Agreement, any Own Transactions of the Transferor Clearing Member, any Difference Claims relating thereto or any Redelivery Claims of the Transferor Clearing Member relating (or, if the Value Based Allocationis the Applicable Allocation Method, allocated) thereto, (ii) any other Omnibus Standard Agreement, or (iii) subject to Number 8.14, any Excess Collateral.[…] 9 Return of any balance owed by Eurex Clearing AG in respect of an Omnibus Standard Agreement after the completion of the default management processIf a Termination Date in respect of an Omnibus Standard Agreement has occurred, Eurex Clearing AG shall return any balance owed by it in respect of such Omnibus Standard Agreement following the completion of the default management process pursuant to Part 1 Number 6 and 7 (and as otherwise set out in these Clearing Conditions) with respect to the Clearing Member as follows:[…] Part 2 Subpart D: Special Provisions relating to the CASS Rules[…]
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Porting Requirements means, with respect to an ICM SC Standard Agreement, all of the following requirements:
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Examples of Porting Requirements in a sentence

  • If certain requirements ("Porting Requirements") are fulfilled within a specific time period after the default ("Porting Period") NCMs', RCs' and non-disclosed clients' positions can be ported to a new CM.

  • As regards the existing Elementary Omnibus Transactions, Number 8.1(ii) above shall only apply if the Porting Requirements (if applicable) in respect of the relevant Elementary Omnibus Standard Agreement are not fulfilled within the ECM Porting Period.

  • If the Porting Requirements are fulfilled within the Porting Period, all rights and obligations of the defaulted Clearing Member under the relevant Standard Agreement, including with respect to corresponding margin, will be transferred to the Replacement Clearing Member.

  • If the Asset Based Allocation is the Applicable Allocation Method with respect to the Trans-feror Clearing Member, the Transferor Clearing Member hereby irrevocably offers to transfer to theTransferee Replacement Clearing Member all Eligible Margin Assets in the form of Securities that are credited to the Elementary Omnibus Pledged Securities Account at the time when the Porting Requirements are fulfilled.

  • If the Porting Requirements are not satisfied by 13:00 hours (Frankfurt am Main time) on the Business Day following the Termination Date or such longer period of time specified by Eurex Clearing AG in the individual case, there will be no Transfer pursuant to Number 8.3.3 and Numbers 8.4 to 8.9 shall apply.

  • A Termination pursuant to Number 8.1(ii) shall only occur if the Porting Requirements in respect of the relevant Net Omnibus Standard Agreement are not fulfilled within the Net Omnibus Porting Period.

  • As regards the existing Elementary Omnibus Transactions, Number 8.1(ii) above shall only apply if the Porting Requirements (if applicable) are not fulfilled within the Porting Period.

  • The Clearing Member designated as a potential Transferee Replacement Clearing Member assumes no obligation to accept a Transfer and all other Porting Requirements in respect of the relevant Elementary Omnibus Standard Agreement need to be fulfilled to effect a Transfer.

  • A Termination pursuant to Number 8.1(ii) shall only occur if the Porting Requirements are not fulfilled within the Porting Period.

  • As regards the existing Elementary Omnibus Transactions, Number 8.1(ii) above shall onlyapply if the Porting Requirements (if applicable) are not fulfilled within the Porting Period.


More Definitions of Porting Requirements

Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: [...]
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Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: [...] Part 3 The Individual Clearing Model Provisions[...] Part 3 Subpart A: General Provisions for ICM-ECD and ICM-CCD[...]
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Related to Porting Requirements

  • Reporting Requirements As defined in Section 11.12.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.