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

• If HKSCC receives any amounts from a Relevant Clearing Participant in default, or any other amounts howsoever recovered relating to the Relevant Event of the Relevant Clearing Participant in default, HKSCC shall, in the absence of any obligation of HKSCC to deal with the amounts so recovered in any other way, deal with the amount so received in accordance with this Rule, having regard to Rules 2507, 2507A, 2509A and 3709.

• 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.

• 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 redeliver or return, such Contributions or any part thereof as cover for any contingent liability of the Relevant Clearing Participant under Rules 2507, 2507A, 2508, 2509, 3707, 3709 and 4301.

• To the extent that the amount repaid to HKSCC represents the financial support provided by HKEx, HKSCC will pay the relevant amount received by it to HKEx. It may be a term of any guarantee, bank facility or policy of insurance that recoveries from the Relevant Clearing Participant in default be applied in a particular fashion otherthan credited to the Guarantee Fund or repaid to HKSCC.

• Rule 7.2 establishes the basic requirements for third party clearing arrangements including an acknowledgement by a XXX Trading Participant that, under the C&S Rules, the clearing and settlement obligations relating to all Trades will be novated to the Relevant Clearing Participant who will clear and settle all Trades for that XXX Trading Participant.

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, 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 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 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.

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;