SwapClear Clearing Member definition
SwapClear Clearing Member or "SCM" means, for the purposes of these Default Fund Rules and the SwapClear Default Fund Supplement, a Clearing Member participating in any part of the SwapClear Service.;
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 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 Unfunded Contributions and any relevant Supplementary Contribution in respect of the SCM "SwapClear CTM Contract" means a SwapClear Contract that is not a SwapClear STM Contract "SwapClear Dealer Clearing Agreement" means a written agreement, in the form and on the terms prescribed by the Clearing House between a SwapClear Dealer, a SwapClear Clearing Member and the Clearing House "SwapClear Dealer" or "SD" means a person admitted by the Clearing House to the Register of SwapClear Dealers and who has not been removed from the Register "SwapClear Default Fund Supplement" means the Supplement relating to the SwapClear Business
Examples of SwapClear Clearing Member in a sentence
Through requesting a transfer pursuant to this paragraph (ii), the SwapClear Clearing Member shall be deemed to represent and warrant that the transfer is in accordance with Applicable Law.
BAU Porting from another SwapClear Clearing Member to Party A / Treatment of assets comprised in the Associated Collateral Balance.
SwapClear Contract has been erroneously allocated to a Client Account the Clearing House will, in response to a written request from a SwapClear Clearing Member and subject to acceptance of the transfer by the relevant Pre-Allocation FCM Clearing Member, transfer an SwapClear Contract to the FCM SwapClear Suspension Sub-Account from which that FCM SwapClear Contract was allocated.
BAU Porting from Party A to another SwapClear Clearing Member: Without prejudice to the operation of the LCH Rules, Party B may at any time request by notice in writing to Party A that Party A transfers all of its rights and obligations with respect to a Transaction (Einzelabschluss) under the relevant Clearing DRV and the related Associated LCH Transaction (together with any related assets comprised in the Associated Collateral Balance, if relevant) to one or more other SwapClear Clearing Members.
More Definitions of SwapClear Clearing Member
SwapClear Clearing Member has the meaning specified in the LCH General Regulations.
SwapClear Clearing Member means a person who is designated as such by the Clearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member. “SwapClear CTM Contract” has the meaning assigned to it in the General Regulations. “SwapClear Determination Date” has the meaning assigned to it in the UK General Regulations. “SwapClear DMP” has the meaning assigned to it in the SwapClear DMP Annex of the Default Rules. “SwapClear Tolerance” has the meaning assigned to it in Section 2.1.3(c) of the FCM Procedures. "Terminating FCM SwapClear Contracts" means, in relation to any Compression Proposal, the FCM SwapClear Contracts that will be terminated and replaced with Post-Multilateral Compression Contracts in accordance with Regulation 46(n). “Termination Amount” has the meaning assigned to such term in FCM Regulation 37(d)(iv). “Transfer Account” means: (i) in respect of a Receiving Clearing Member, the account in which Transferring SwapClear Contracts or Transferring ForexClear Contracts, as the case may be, are to be registered on behalf of an Eligible Transferee following a transfer pursuant to FCM Regulation 46(q) or FCM Regulation 49(r) and in accordance with the FCM Procedures (which, for the avoidance of doubt, may be a Client Account or a Proprietary Account of the Receiving Clearing Member); and (ii) in respect of a Carrying Clearing Member, the account in which Transferring SwapClear Contracts or Transferring ForexClear Contracts, as the case may be, are to be transferred from an Eligible Transferor following a transfer pursuant to FCM Regulation 46(q) or Regulation 49(r) and in accordance with the FCM Procedures (which, for the avoidance of doubt, may be a Client Account or a Proprietary Account of the Carrying Clearing Member). “Transferring ForexClear Contracts” means those FCM ForexClear Contracts registered in the Transfer Account of a Carrying Clearing Member that are subject to a request to be transferred to the Transfer Account of a Receiving Clearing Member and includes, in the case of a transfer as described in sub-paragraph (ii) of the definition of "Receiving Clearing Member",ForexClear Contracts.
SwapClear Clearing Member means a person who is designated as such by the Clearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member.