Examples of RepoClear Clearing Member in a sentence
Unless specified otherwise by the Clearing House, a RepoClear Clearing Member must enter into a Security Deed in respect of its Clearing Clients in relation to amounts due to it from the Clearing House pursuant to the Client Clearing Annex.
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").
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.
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A RepoClear Clearing Member ("RCM") (or RepoClear Dealer acting as transferor/ transferee – see Section 1.1.7 below) must hold, or have access to (for example via a settlement agent), both cash and securities settlement accounts with an Approved Depository/Settlement System ("ADS") for each eligible RepoClear category of bonds they intend to register for clearing (see Section 1.4.1 (Approved Depository/Settlement Systems ("ADS"))).
In the case of a RepoClear Transaction, the Clearing House may, with the agreement of the relevant Sponsored Member and the other Sponsored Member or the RepoClear Clearing Member party to corresponding RepoClear Contracts or RepoClear Term £GC Contracts, set aside or take such other steps with respect to such Contracts on such terms as may be agreed if either or both such parties consider that they have entered into a Contract in error or have agreed to certain terms of the Contract in error.
The private defendants are the owners of the land that is the subject of this litigation.* * *.
All further payments of RepoClear Contributions must be in the same currency as selected by a RepoClear Clearing Member for their first payment of a RepoClear Contribution made by such RepoClear 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 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.