RepoClear Business definition

RepoClear Business means any transaction, obligation or liability arising out of any Fixed Income Contract
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RepoClear Business means any transaction, obligation or liability arising out of any Fixed Income Contract"RepoClear Clearing Client"means, in respect of RepoClear Client Clearing Business, an Individual Segregated Account Clearing Client or an Omnibus Segregated Clearing Client"RepoClear Clearing House Business"means, a Fixed Income Contract entered into by a RepoClear Clearing Member with the Clearing House on a proprietary basis and for its own account"RepoClear Clearing Member" or "RCM"means a Member who is designated by the Clearing House as a RepoClear Clearing Member participating in any part of the RepoClear Service"RepoClear Client Clearing Business"means the provision of RepoClear Client Clearing Services by a RepoClear Clearing Member"RepoClear Client Clearing Service"means the entering into of RepoClear Contracts or RepoClear Term £GC Contracts by a RepoClear Clearing Member in respect of its Individual Segregated Account Clearing Clients and/or its Omnibus Segregated Clearing Clients"RepoClear Contract"means (i) a Contract entered into by the Clearing House with a RepoClear Clearing Member on the RepoClear Contract Terms or (ii) a RepoClear DMP Contract"RepoClear Contract Terms"means the Terms set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual"RepoClear Contribution"means an RCM's Contribution provided for under the RepoClear Default Fund Supplement and shall include any relevant RepoClear Unfunded Contributions and any relevant Supplementary Contribution in respect of the RCM"RepoClear Dealer"means a person admitted by the Clearing House to the Register of RepoClear Dealers and who has not been removed from the Register"RepoClear Dealer Clearing Agreement"means a written agreement, in the form and on the terms prescribed by the Clearing House, between a RepoClear Dealer, a RepoClear Clearing Member and the Clearing House which has the function, amongst other things, of setting out the terms on which the RepoClear Clearing Member agrees to clear RepoClear Transactions, or RepoClear Term £GC Contracts, Repo Trades, Bond Trades and Term £GC Trades for the RepoClear Dealer"RepoClear Default"means any Default in respect of an RCM
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RepoClear Business means any transaction, obligation or liability arising out of any Fixed Income Contract; (as defined in Rule 6(d));
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Examples of RepoClear Business in a sentence

  • A Sponsored Member shall request that the Clearing House opens a SM/AM Account in respect of each Agent Member appointed with respect to such Sponsored Member's RepoClear Business.

  • Any implementation that demonstrates the same behavior at the external interface as the algorithm specified herein, by definition, complies with this standard.

  • For this purpose, the "STLIEOM" means, in respect of each RCM and any day, the stress- tested loss in excess of initial margin (determined for a given scenario determined by the Clearing House) which could be incurred by the Clearing House in respect of that RCM's RepoClear Business if that RCM became a Defaulting RCM on that day (but taking into account any additional margin called pursuant to R2(k) in respect of such RCM).

  • Where a defaulter is engaged in more than one of General Business, ForexClear Business, SwapClear Business and RepoClear Business (each a "Relevant Business" in respect of the defaulter), the completion of the default management processes in respect of each such Relevant BusinessBusinesses may occur at different times.

  • For this purpose, the "STLIEOM" means, in respect of each RCM and any day, the stress-tested loss in excess of initial margin (determined for a given scenario determined by the Clearing House) which could be incurred by the Clearing House in respect of that RCM's RepoClear Business if that RCM became a Defaulting RCM on that day.


More Definitions of RepoClear Business

RepoClear Business means any transaction, obligation or liability arising out of any RepoClear Contract;
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RepoClear Business means any transaction, obligation or liability arising out of
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RepoClear Business means any transaction, obligation or liability arising out of any Fixed Income Contract entered into by a Sponsored Member with the Clearing House on a proprietary basis and for its own account"RepoClear Clearing Member"means a Member who is designated by the Clearing House as a RepoClear Clearing Member participating in any part of the RepoClear Service in accordance with the SC Rulebook and/or the General Rulebook and includes or means a Sponsored Member"RepoClear Contract Terms"means the terms applicable to each RepoClear Contract as set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual"RepoClear Contract"means a Contract entered into by the Clearing House with a Sponsored Member on the RepoClear Contract Terms"RepoClear Contribution"means the amount of an Agent Member's Contribution with respect to one of its Sponsored Members provided for under the RepoClear Default Fund Supplement and shall include any relevant RepoClear Unfunded Contributions and any relevant Supplementary Contribution in respect of the Agent Member"RepoClear Default Fund Supplement"means the supplement relating to the RepoClear Business"RepoClear Default Management Process Completion Date"has the meaning assigned to it in the RepoClear DMP Annex in the Default Rules"RepoClear Default Management Process"has the meaning assigned to it in the RepoClear DMP Annex in the Default Rules"RepoClear Default Period"has the meaning ascribed to it in Rule R2 of the RepoClear Default Fund Supplement"RepoClear Determination Date"has the meaning assigned to it in Rule R2 of the RepoClear Default Fund Supplement"RepoClear Eligibility Criteria"means with regard to RepoClear Transactions, the product criteria set out in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website from time to time"RepoClear Eligible Securities"means with regard to RepoClear Transactions, Bond Trades and Repo Trades securities of a type described in the Product Specific Contract Terms and Eligibility Criteria Manual"RepoClear Excess Loss"means the net sum or aggregate of net sums certified to be payable by a Defaulter by a Rule 19 Certificate in respect of RepoClear Business less: (a) the proportion of the Capped Amount applicable to RepoClear Business under Rule 15 of the Default Rules; and (b) any sums then immediately payable in respect of RepoClear Business Default Losses owed by such Defaulter by any insurer or provider...
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Related to RepoClear Business

  • Similar Business means any business conducted or proposed to be conducted by the Issuer and its Restricted Subsidiaries on the Issue Date or any business that is similar, reasonably related, incidental or ancillary thereto.

  • Sold Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Acquired Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;