SwapClear Business definition

SwapClear Business means any transaction, obligation or liability arising out of any SwapClear Contract (which, for the avoidance of doubt, includes for purposes of the Rates Service DMP Annex the Portfolio Margined Contracts (if any) of a Portfolio Margining Clearing Member)
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SwapClear Business means any transaction, obligation or liability arising out of any SwapClear Contract;
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SwapClear Business means any transaction, obligation or liability arising out of any SwapClear Contract (which, for the avoidance of doubt, includes for purposes of the Rates Service DMP Annex the Portfolio Margined Contracts (if any) of a Portfolio Margining Clearing Member) "SwapClear Clearing Client" means, in respect of SwapClear Client Clearing Business, an Individual Segregated Account Clearing Client, an Indirect Gross Account Clearing Client, a Custodial Segregated Client or an Omnibus Segregated Clearing Client "SwapClear Clearing House Business" means SwapClear Contracts entered into by a SwapClear Clearing Member with the Clearing House on a proprietary basis and for its own account "SwapClear Clearing Member" or "SCM" means a Member who is designated by the Clearing House as a SwapClear Clearing Member eligible to clear SwapClear Contracts which includes, in the case of the Default Rules (including the Rates Service DMP Annex), the FCM Default Fund Agreement and any other document, rule or procedure as specified by the Clearing House from time to time, an FCM Clearing Member "SwapClear Client Clearing Business" means the provision of SwapClear Client Clearing Services by a SwapClear Clearing Member "SwapClear Client Clearing Services" means the entering into of SwapClear Contracts by a SwapClear Clearing Member in respect of its Individual Segregated Account Clearing Clients, Indirect Gross Account Clearing Clients, Custodial Segregated Clients and/or Omnibus Segregated Clearing Clients "SwapClear Contract" means a Contract entered into by the Clearing House with a SwapClear Clearing Member on the SwapClear Contract Terms which includes, in the case of the Default Rules (including the Rates Service DMP Annex but excluding, for the avoidance of doubt, the Client Clearing Annex), the FCM Default Fund Agreement and any other document, rule or procedure as specified by the Clearing House from time to time, an FCM SwapClear Contract "SwapClear Contract Terms" means the terms applicable to each SwapClear Contract as set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual "SwapClear Contribution" means an SCM's Contribution provided for under Part A of the Rates Service Default Fund Supplement – SwapClear and shall include any relevant SwapClear UnfundedContributions and any relevant Supplementary Contribution in respect of the SCM
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Examples of SwapClear Business in a sentence

  • Any implementation that demonstrates the same behavior at the external interface as the algorithm specified herein, by definition, complies with this standard.

  • LSEG will not be bound to observe this obligation in respect of those products relating to a SwapClear Business whose associated SwapClear Agreement has been validly terminated.

  • LCH.Clearnet has entered into agreements in respect of each SwapClear Business with the SwapClear Banks (the SwapClear Agreements), under which the great majority of the cost of developing and operating the SwapClear Businesses is borne by the SwapClear Banks, and accordingly governance and financial returns from the SwapClear Businesses are shared with them.

  • The SwapClear Combined Loss Value in respect of a particular day will be the sum of the largest and the second largest stress- testing loss incurred on that day in relation to SwapClear Business (which includes, for the avoidance of doubt, Portfolio Margined Contracts) (for a given scenario).

  • SwapClear Businesses LSEG has agreed not to introduce any SwapClear Business products onto its exchange or other execution platforms without the approval of the governance committee relating to the relevant product, subject to applicable regulation not mandating electronic trading in such products and subject to compliance with all applicable antitrust laws.

  • The Combined Loss Value in respect of a particular day will be the sum of the largest and the second largest stress-testing loss incurred on that day in relation to SwapClear Business (for a given scenario).

  • To the extent that the aggregate of all of the amounts owed to the Clearing House by SCMs plus all of those other resources applicable to the SwapClear Business under Rule 16(a) to (g) that have not been applied towards a SwapClear Excess Loss is less than the aggregate of the amounts owed to SCMs by the Clearing House, each amount owed to SCMs by the Clearing House shall be reduced pro rata the shortfall.

  • Where a defaulter is engaged in more than one of General Business, ForexClear Business, SwapClear Business and RepoClear Business (each a "Relevant Business" in respect of the defaulter), the completion of the default management processes in respect of each such Relevant BusinessBusinesses may occur at different times.

  • The Combined Loss Value in respect of a particular day will be the sum of the largest and the second largest stress- testing loss incurred on that day in relation to SwapClear Business (for a given scenario).

  • FCM Clients and FCM Contract positions established for FCM Clients in the SwapClear Business Category shall be subject to gross margin requirements on all such positions with respect to within each such Business Category of FCM Contract, .

Related to SwapClear Business

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;