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").

  • The Clearing House will determine whether a Client to Client Porting or a Direct Account Opening is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances and published on its website in relation to the relevant RepoClear Clearing Client.

  • For the purposes of this Section1.12.2 a " Related RepoClear Contract" means, in respect of a transaction between a RepoClear Clearing Member and a RepoClear Clearing Client which has been terminated on an early termination date, the open position represented by the RepoClear Contract entered into with the Clearing House by such RepoClear Clearing Member on behalf of the relevant RepoClear Clearing Client on equal and opposite terms to such transaction.

  • The Clearing House will usually arrange a transfer of Related RepoClear Contracts or Related RepoClear Term £GC Contracts within 24 hours of receipt (to the extent applicable) of the documents listed in paragraphs (i) to (iii) above, unless such transfer is contested by the relevant RepoClear Clearing Client.

  • For the purposes of this Section 1.12.2 a "Related RepoClear Term£GC Contract" means, in respect of a transaction between a RepoClear Clearing Member and a RepoClear Clearing Client which has been terminated on an early termination date, the open position represented by the RepoClear Term £GC Contract entered into with the Clearing House by such RepoClear Clearing Member on behalf of the relevant RepoClear Clearing Client on equal and opposite terms to such transaction.

  • 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.

  • For the purposes of this Section 1.13.2 a "Related RepoClear GC Contract" has the same meaning as ascribed to such term in Section 1.12.2 save that, in this Section 1.13.2 the RepoClear Clearing Client is a RepoClear Clearing Client acting on behalf of Indirect Clearing Clients comprising an Indirect Omnibus Segregated Account.

  • 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.

  • The Clearing House will usually arrange a transfer of any RepoClear Contract or RepoClear Term £GC Contracts to be transferred pursuant to this Section 1.12.2(e 1.12.2) within 24 hours of receipt (to the extent applicable) of the documents listed in sub-Sections (i) and (ii) above, unless such transfer is contested by the relevant RepoClear Clearing Client.

  • The Clearing House will usually arrange a transfer of any RepoClear Contract or RepoClear Term £GC Contracts to be transferred pursuant to this Section 1.12.2(e) within 24 hours of receipt (to the extent applicable) of the documents listed in sub-Sections (i) and (ii) above, unless such transfer is contested by the relevant RepoClear Clearing Client.

Related to RepoClear Clearing Client

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

  • 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”);

  • 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.

  • 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.

  • 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.

  • 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.

  • DTC means The Depository Trust Company.