Relevant Clearing Participant definition

Relevant Clearing Participant means, in relation to a Trading Participant:

Relevant Clearing Participant means, in relation to a Relevant Event, a Participant which participates in CCASS as a Clearing Participant on the date of occurrence of the Relevant Event, notwithstanding the subsequent cessation of its participation in CCASS of a Clearing Participant for whatever reason. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “Relevant Clearing Participant” includes the Clearing Participant in default (if applicable);

Relevant Clearing Participant means, in relation to a Market Participant:

Examples of Relevant Clearing Participant in a sentence

• Any risk of loss arising from any insufficiency or ineffectiveness of the security for the Notes must be borne by the Noteholders without recourse to the Issuer, the Trustee, the Arranger, the Collateral Adviser, the Collateral Administrator or any other party.In addition, custody and clearance risks may be associated with Synthetic Securities which are securities or with High Yield Bonds that do not clear through DTC, Euroclear or Clearstream, Luxembourg.

• Relevant Clearing Participant has the meaning given to that term in the NZX Participant Rules.

• In the case of a Relevant Clearing Participant, HKSCC shall have the right (without prejudice to any other rights it may have) to retain, and not to return, such Contributions or any part thereof as cover for any contingent liability of the Relevant Clearing Participant under Rules 2507, 2507A, 2508 and 2509.

• HKSCC will notify the Relevant Clearing Participant and demand for replenishment of such deficiency of Contributions in the notice of application to the Relevant Clearing Participant.

• HKSCC will first calculate the Relevant Clearing Participant’s share of the remaining obligations and liabilities by reference to the Relevant Clearing Participant’s share of the Dynamic Contribution calculated in respect of all the Relevant Clearing Participants on the Business Day immediately before the occurrence of the Relevant Event, excluding the Dynamic Contribution calculated in respect of the Relevant Clearing Participant in default (if applicable).

More Definitions of Relevant Clearing Participant

Relevant Clearing Participant means the person or persons from time to time that Somerset Smith has contracted to perform certain execution and/or back office functions including the clearing and settlement of Transactions.

Relevant Clearing Participant means the person or persons from time to time that Somerset Smith has contracted to perform certain execution and/or back office functions including the clearing and settlement of Transactions. “FASTER Trading System” or “Legal Title Transfer System” means the systems, facilities and services provided by NZX, CHO, or CDO for lodging quotations and orders for trading and settling securities.

Relevant Clearing Participant means, in relation to a Trading Participant:where the Trading Participant is not itself a Clearing Participant and has a third party clearing arrangement with only one Clearing Participant to clear all of its Market Transactions in a class of Product, that Clearing Participant; andwhere the Trading Participant is itself a Clearing Participant and clears all of its Market Transactions in a class of Products, itself; andwhere the Trading Participant has third party clearing arrangements with more than one Clearing Participant, or is itself a Clearing Participant and has third party clearing arrangements with other Clearing Participants to clear its Market Transactions in a class of Product, the Clearing Participant which it has identified through the Open Interface Device in respect of the Market Transaction.

Relevant Clearing Participant means the person or persons from time to time that SSP has contracted to perform certain execution and/or back office functions including the clearing and settlement of Transactions.

Relevant Clearing Participant means the clearing participant named in clause 7.1(g) of these Terms and Conditions or as otherwise notified to you from time to time;

Relevant Clearing Participant means the clearing participant named in clause 6.1(h) or as otherwise notified to you from time to time;

Relevant Clearing Participant means, in relation to a Market Participant:where the Market Participant is not itself a Clearing Participant and has a third party clearing arrangement with only one Clearing Participant to clear all of its Market Transactions, that Clearing Participant; and where the Market Participant is itself a Clearing Participant and clears all of its Market Transactions, itself; and where the Market Participant has third party clearing arrangements with more than one Clearing Participant, or is itself a Clearing Participant and has third party clearing arrangements with other Clearing Participants to clear its Market Transactions, the Clearing Participant which it has identified through the Open Interface Device in respect of the Market Transaction.