Sponsored Principal definition

Sponsored Principal means a Person that has been authorised to act as such by the Clearing House under the Clearing House Rules;
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Sponsored Principal means a person that has been authorised to act as such by the Clearing House under the Clearing House Rules;“Stop Order”a Stop Order, also referred to as a stop-loss order, is an order to buy or sell a specified Contract once the price of the specified Contract reaches a specified price, known as the stop price. When the stop price is reached, a Stop Order becomes a market order. A buy Stop Order is entered at a stop price above the current market price. A sell Stop Order is entered at a stop price below the current market price;“Sub-ARC Panel”means a type of ARC Panel as set out in Rule C.11.1;“Summary Enforcement Proceedings”has the meaning given to that term in Rule E.2.1;“Summary Hearing”means the hearing convened by a Sub-ARC Panel in accordance with Rule C.11.1;“swap” and “swap transaction”a contract of the kind described in clause 19 part II of Schedule 2 to the Financial Services and Markets Act 2000, in respect of any product (other than a Contract as defined in this Rule);"Swapnote® Contract"a Futures Contract or Options Contract containing the terms set out in any of Sections XXXX, ZZZZ, BBBBB, DDDDD or FFFFF (as it relates to a Swapnote®), and/or any other contract determined to be a Swapnote® Contract by the Directors from time to time;“the ICE Post Trade and Clearing Systems” or “the ICE Systems”the post trade registration and clearing processing hardware and software used by the Exchange, Clearing House and Members from time to time, as further described in these Regulations or Clearing House Rules, as appropriate;“Termination Fee Amount”means, in the event that a Liquidity Provider ceases to participate in a Liquidity Provider Program under Rule B.6D.7, a percentage of the Transaction Fees in respect of Transactions executed on those Business Days in the relevant calendar month prior to the date on which such termination is effective;“Third Country Firm”has the same meaning as given to the term “third country firm” in Article 4(1)(57) of MiFID II;"Third Indirect Client"a client of a Second Indirect Client;“Trade Participant”a Member of the category mentioned in Rule B.2.1 (b);“trader”a Responsible Individual registered with the Exchange;"Trade Registration API"means the open application program interface and transport software available allowing details of certain designated trades in eligible contracts (the cleared part of which being subject to a Contingent Agreement to Trade) to be electronically submitted to the Exchange with a view to ...
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Sponsored Principal means a person admitted to Sponsored Principal (as defined in the Rules) status at the Clearing House who has been duly nominated by the Company to the Clearing House pursuant to this Agreement as a person for whom the Company has agreed to act as a Sponsor.
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Examples of Sponsored Principal in a sentence

  • Unless and until such time as any dispute concerning an MP Notice is resolved, neither the Clearing House nor any Clearing Member, Sponsor or Sponsored Principal in respect of a Customer-CM CDS Transaction shall be obliged to take any step that would have been required of it were the MP Notice to have been validly served.

  • If an error is notified to or noticed by the Clearing House, the Clearing House will: (i) provided that it has the time to do so, issue a replacement RMP Matching Report to any affected CDS Clearing Member or Sponsored Principal; or (ii) take any other such steps as may be required to correct the error.

  • The Clearing House and each relevant CDS Clearing Member, Sponsor and Sponsored Principal shall use their best endeavours to rename trade identifiers in the DTCC Accounts appropriately and to ensure that the records of each affected CDS Contract to which it is party and any related Customer-CM CDS Transactions are "confirmed and certain" within the DTCC Accounts prior to that time.

  • Each Clearing Member or Sponsored Principal shall check each Preliminary Notice that concerns CDS Contracts that it is proposed to enter into at the Acceptance Time and shall promptly notify the Clearing House of any error of which it is aware.

  • Subject to Part 4 of the Rules and this paragraph 4, an Acceptance Notice will result in the relevant Clearing Member or Sponsored Principal and the Clearing House entering into a CDS Contract at the Acceptance Time.

  • The Clearing House is not acting as a fiduciary for or an adviser to such CDS Clearing Member or Sponsored Principal (or its Sponsor) in respect of the CDS Contract.

  • Matched Pair Notices may be delivered by the Clearing House by e-mail or fax or by posting to a secure section of the Clearing House’s website which only the Clearing House and the relevant CDS Clearing Member or Sponsored Principal may view, such that confidentiality (to the extent required under the Rules) is maintained.

  • However, the Clearing House will, at the Clearing Member's or Sponsored Principal's expense, use reasonable endeavours to cooperate with the Clearing Member or Sponsored Principal to seek any credit or remission or other relief available with respect to any such Tax so deducted or withheld (so long as such cooperation would not, in the Clearing House's judgment, materially prejudice the legal or commercial position of the Clearing House).

  • Each Clearing Member, Sponsor, Sponsored Principal and Customer will suppress its own processes (and procure that its Representatives suppress their processes) for such submission and termination.

  • The Clearing House will be deemed to have issued an Acceptance Notice specifying the time of deemed issue as the Acceptance Time when it gives notice to the affected Clearing Member or Sponsored Principal that it has recorded the new CDS Contract in its systems.


More Definitions of Sponsored Principal

Sponsored Principal means a person that has been authorised to act as such by the Clearing House under the Clearing House Rules; “Stop Order” a Stop Order, also referred to as a stop-loss order, is an order to buy or sell a specified Contract once the price of the specified Contract reaches a specified price, known as the stop price. When the stop price is reached, a Stop Order becomes a market order. A buy Stop Order is entered at a stop price above the current market price. A sell Stop Order is entered at a stop price below the current market price; “swap” and “swap transaction” a contract of the kind described in clause 19 part II of Schedule 2 to the Financial Services and Markets Act 2000, in respect of any product (other than a Contract as defined in this Rule); "Swapnote® Contract" a Futures Contract or Options Contract containing the terms set out in any of Sections XXXX, ZZZZ, BBBBB, DDDDD or FFFFF (as it relates to a Swapnote®), and/or any other contract determined to be a Swapnote® Contract by the Directors from time to time; “the ICE Post Trade and Clearing Systems” or “the ICE Systems” the post trade registration and clearing processing hardware and software used by the Exchange, Clearing House and Members from time to time, as further described in these Regulations or Clearing House Rules, as appropriate; “Termination Fee Amount” means, in the event that a Market Maker ceases to participate in a Market Maker Program under Rule B.6D.7, a percentage of the Transaction Fees in respect of Transactions executed on those Business Days in the relevant calendar month prior to the date on which such termination is effective; “Trade Participant” a Member of the category mentioned in Rule B.2.1 (b); “trader” a Responsible Individual registered with the Exchange; Trade Registration API means the open application program interface and transport software available allowing certain designated trades in eligible contracts to be electronically reported to the Exchange; “Trading Day” a day on which the Market is open to trade determined by the Exchange from time to time. A Trading Day may be a Business Day or a Non- Business Day; “trading facilities” the ICE Platform or such other facilities for the trading of Contracts as the Directors may determine from time to time; "Trading Privilege" means the Emissions Trading Privilege, Oil and Utility Trading Privilege and Financials and Softs Trading Privilege; “Trading Server” means the ICE Platform central processing system; “Transacti...
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Related to Sponsored Principal

  • Required Principal As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Called Principal means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Monthly Principal is defined in Section 4.1(d).

  • Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Storm Recovery Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

  • Scheduled Principal Payment Date means April 15, 2008.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Realized Principal Loss means, with respect to each Mortgage Loan (including an REO Mortgage Loan), (i) in the case of a Liquidation Realized Loss, the amount of such Liquidation Realized Loss, to the extent that it does not exceed the Unpaid Principal Balance (plus the amount of any Unliquidated Advance with respect to such Mortgage Loan) of the Mortgage Loan, (ii) in the case of a Modification Loss, the amount of such Modification Loss set forth in clause (i) of the definition thereof, (iii) in the case of a Bankruptcy Loss, the portion of such Bankruptcy Loss attributable to the reduction in the principal balance of the related Mortgage Loan, (iv) in the case of an Expense Loss, the amount of such Expense Loss (other than Expense Losses resulting from the payment of Special Servicing Fees) to the extent that such Expense Loss does not exceed amounts collected in respect of the Mortgage Loans that were identified as allocable to principal in the Collection Period in which such Expense Losses were incurred, and any such excess shall be treated as a Realized Interest Loss, (v) any Nonrecoverable Advance reimbursed from collections of principal on the Mortgage Loans (including REO Mortgage Loans), and (vi) any Unliquidated Advance that is determined by the Master Servicer to be a Nonrecoverable Advance.

  • Scheduled Principal Payments means, with respect to any Series, Class of any Series of Notes, or Subclass or Tranche thereof, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series, Class, Subclass or Tranche on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Recovery Principal With respect to any Payment Date, the sum of (a) the excess, if any, of the Credit Event Amount for such Payment Date, over the Tranche Write-down Amount for such Payment Date; and (b) the Tranche Write-up Amount for such Payment Date.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.