Relevant Client Account definition

Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and(ii) attributable to such ForexClear Clearing Client (and, as applicable, one or more other ForexClear Clearing Client(s)). 1.13 Provision of Tax Forms The Clearing House and each FXCCM shall provide to each FXCCM or the Clearing House, as relevant, (i) any forms or documents specified in the ForexClear Contract between the Clearing House and the FXCCM and (ii) any other form, document, statement or certification reasonably requested in writing by the FXCCM or the Clearing House in order to allow the FXCCM or the Clearing House to make a payment under the Rules of the Clearing House or any ForexClear Contract without deduction or withholding for or on account of any tax or with such deduction or withholding at a reduced rate unless the Clearing House or the FXCCM can no longer deliver such form, document, statement or certification solely as a result of a change in law (including double tax treaty) or interpretation thereof after the date of the ForexClear Contract between the Clearing House and the FXCCM. In the case of the Clearing House, the forms required pursuant to item (ii) above include an Internal Revenue Service Form W-8BEN. Additionally, the Clearing House will take such further actions as necessary to ensure that payments made to it can be made without deduction or withholding for or on account of any Tax. 1.14 Indirect Clearing 1.14.1 In circumstances where an early termination date (howsoever described) occurs in respect of all of the transactions between a ForexClear Clearing Member and a ForexClear Clearing Client acting on behalf of Indirect Clearing Clients comprising an Indirect Gross Account in respect of which such ForexClear Clearing Member (i) is a party to Related ForexClear Contracts and (ii) at the time of such early termination date, is not a Defaulter, that ForexClear Clearing Member may instruct the Clearing House to take one of the following steps in respect of each Indirect Clearing Client comprising the Indirect Gross Account: (a) in circumstances where the ForexClear Clearing Member notifies the Clearing House of a Backup Client in respect of the relevant Indirect Clearing Client, transfer all of the open Related ForexClear Contracts registered to the Indirect Gross Sub-Account referable to the Indirect Clearing Client to the relevant Indirect Gross Sub-Account...

Relevant Client Account means, in respect of a Defaulting SCM and a SwapClear Clearing Client, a Client Account (i) in the SwapClear Service and in the name of such Defaulting SCM, and (ii) attributable to such SwapClear Clearing Client (and, as applicable, one or more other SwapClear Clearing Client(s)).

Relevant Client Account means, in respect of an EquityClear Clearing Member that is a Defaulter and an EquityClear Clearing Client, a Client Account (i) in the EquityClear Service and in the name of such EquityClear Clearing Member, and (ii) attributable to such EquityClear Clearing Client (and, as applicable, one or more other EquityClear Clearing Client(s)).

Examples of Relevant Client Account in a sentence

• A FXCCM agrees that the Clearing House is permitted, after the Default of such FXCCM, to disclose the Portfolio in respect of a Relevant Client Account and ForexClear Clearing Client of such FXCCM, to each Backup Clearing Member appointed by such ForexClear Clearing Client in respect of the ForexClear Service.

• An SCM agrees that the Clearing House is permitted, after the Default of such SCM, to disclose the Portfolio in respect of a Relevant Client Account and SwapClear Clearing Client of such SCM, to each Backup Clearing Member appointed by such SwapClear Clearing Client in respect of the SwapClear Service.

• An EquityClear Clearing Member agrees that the Clearing House is permitted, after the Default of such EquityClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and EquityClear Clearing Client of such EquityClear Clearing Member, to each Backup Clearing Member appointed by such EquityClear Clearing Client in respect of the EquityClear Service.

• A RepoClear Clearing Member agrees that the Clearing House is permitted, after the Default of such RepoClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and RepoClear Clearing Client of such RepoClear Clearing Member, to each Backup Clearing Member appointed by such RepoClear Clearing Client in respect of the RepoClear Service.

More Definitions of Relevant Client Account

Relevant Client Account means, in respect of a Defaulting RCM and a RepoClear Clearing Client, a Client Account (i) in the RepoClear Service and in the name of such Defaulting RCM, and (ii) attributable to such RepoClear Clearing Client (and, as applicable, one or more other RepoClear Clearing Client(s)).

Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and(ii) attributable to such ForexClear Clearing Client (and, as applicable, one or more other ForexClear Clearing Client(s)).

Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and