RepoClear Clearing Client definition

RepoClear Clearing Client means, in respect of RepoClear Client Clearing Business, anIndividual 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"RepoClear Default Fund Supplement"means the Supplement relating to the RepoClear Business
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RepoClear Clearing Client means, in respect of RepoClear Client Clearing Business, an
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Examples of RepoClear Clearing Client in a sentence

  • Pursuant to the Clearing House's General Regulations, each RepoClear Clearing Member is required to ensure that it includes certain language in its agreement with its RepoClear Clearing Client (the "Clearing House Prescribed Language").

  • Where, following the Default of a RepoClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a RepoClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Relevant Term £GC Contracts and Account Balances to that appointed Backup Clearing Member.

  • A RepoClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the RepoClear Contracts or RepoClear Term £GC Contracts entered into by a RepoClear Clearing Member on its behalf, in accordance with the Client Clearing Annex of the Default Rules.

  • Note: The appointment by a RepoClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the ClearingHouse does not mean that RepoClear Contracts and RepoClear Term £GC Contracts will always be transferred to that Backup Clearing Member.

  • A RepoClear Clearing Client may, at any time, appoint one or more Backup Clearing Member(s) in respect of the RepoClear Service, for the purpose of porting RepoClear Contracts or RepoClear Term £GC Contracts entered into by a RepoClear Clearing Member on its behalf and corresponding Account Balance(s), in accordance with the Client Clearing Annex.

  • Note: The appointment by a RepoClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that RepoClear Contracts and RepoClear GC Contracts will always be transferred to that Backup Clearing Member.

  • Where, following the Default of a RepoClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a RepoClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Relevant GC Contracts and Account Balances to that appointed Backup Clearing Member.

  • 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.

  • A RepoClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the RepoClear Contracts or RepoClear GC Contracts entered into by a RepoClear Clearing Member on its behalf, in accordance with the Client Clearing Annex of the Default Rules.

  • Note: The appointment by a RepoClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that RepoClear Contracts and RepoClear Term £GC Contracts will always be transferred to that Backup Clearing Member.

Related to RepoClear Clearing Client

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Common Depository has the meaning specified in Section 304(b).

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of July 27, 2016, as the same may be amended, modified, supplemented, restated, amended and restated or replaced from time to time.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Euroclear Operator means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and its successor and assigns in such capacity.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Common Depositary has the meaning specified in Section 304.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.