Examples of Sponsored Access Firm in a sentence
Transactions in which a Participant or Sponsored Access Firm or Registered Trader executes (a) for the personal account of another Participant, (b) for an account the other Participant controls, or (c) for an account in which the other Participant has an ownership or financial interest.
Such a Participant, Sponsored Access Firm or Customer must obtain another authorization from a Clearing Firm before its right to access the Trading Platform to trade Cleared Swaps will be reinstated.
Where a Participant or Sponsored Access Firm utilizes the services of multiple Clearing Firms, a Clearing Firm shall only be responsible to the extent that it has agreed to clear a particular Cleared Swap.
Clearing Firm Requirements (a) A Clearing Firm may, but is not required to be, a Participant or Sponsored Access Firm, but a Clearing Firm that seeks to effect transactions on the Trading Platform for its own account or the account of any Customer must be a Participant or Sponsored Access Firm.
No Participant, Sponsored Access Firm or Customer may enforce an agreement or other arrangement with another Participant, Sponsored Access Firm or Customer that provides for the assessment of liability or payment of damages between the parties to a Cleared Swap in the event that such Cleared Swap is rejected for clearing, or require such an agreement or arrangement as a condition to trading with such other Participant, Sponsored Access Firm or Customer in respect of any Cleared Swap.
No Participant or Sponsored Access Firm in possession of a Customer Order shall knowingly take, directly or indirectly, the opposite side of such Order for its own account, an account in which it has a direct or indirect financial interest, or an account over which it has discretionary trading authority.
Upon the effectiveness of the revocation of an authorizationgiven pursuant to this Rule 1002, the right of the Participant, Sponsored Access Firm, Customer or Registered Trader to enter into Cleared Swaps will be automatically terminated.
Upon the effectiveness of the revocation of an authorization given pursuant to this Rule 1002, the right of the Participant, Sponsored Access Firm, Customer or Registered Trader to enter into Cleared Swaps will be automatically terminated.
While such information will not be displayed to Participants or Sponsored Access Firms, the manner in which the Reference Price is displayed on the Trading Platform will change to indicate that a Participant or Sponsored Access Firm has expressed an interest in trading the Swap at the Reference Price.
No Participant, Sponsored Access Firm or Customer may enforce an agreement or other arrangement with another Participant, Sponsored Access Firm or Customer that provides for the assessment of liability or payment of damages between the parties to a Cleared Swap in the event thatsuch Cleared Swap is rejected for clearing, or require such an agreement or arrangement as a condition to trading with such other Participant, Sponsored Access Firm or Customer in respect of any Cleared Swap.