SwapClear Contribution definition

SwapClear Contribution means the amount of an SCM's Contribution determined in accordance with Part A of the Rates Service Default Fund Supplement – SwapClear and shall include any SwapClear Unfunded Contributions and any relevant Supplementary Contribution deposited and made by the SCM with the Clearing House
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SwapClear Contribution means the amount of an SCM's Contribution determined in accordance with Part A of the Rates Service Default Fund Supplement – SwapClear and shall include any SwapClear Unfunded Contributions and any relevant Supplementary Contribution deposited and made by the SCM with the Clearing House"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"SwapClear Default Management Process"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Management Process Completion Date"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Period"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Determination Date"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear DMG"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear DMP"has the meaning assigned to it in the Default Rules"SwapClear Eligibility Criteria"means the product eligibility criteria in respect of SwapClear Transactions as set out in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website from time to time"SwapClear End of Day Price"has the meaning assigned to it in Chapter XIV(l)
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SwapClear Contribution means, in relation to the Default Rules, the meaningassigned to it in rule 16 of the Default Rules.
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Examples of SwapClear Contribution in a sentence

  • If a Resignation Effective Date has occurred in respect of a Resigning Member and the SwapClear Service pursuant to Rule S(2)(e) of the Rates Service Default Fund Supplement, then the Clearing House will repay the SwapClear Contribution that it holds for such Clearing Member (to the extent it has not been applied under the Default Rules) to the Clearing Member’s relevant PPS account on such Resignation Effective Date.

  • Excess SwapClear Contribution amounts due to SwapClear Clearing Members following a SwapClear Determination Date will (subject to the Default Rules) be repaid to SwapClear Clearing Members' PPS accounts on the fourth business day immediately following such SwapClear Determination Date.

  • When interpreting other provisions in the FC the Courts must do so in light of the humanising and all-pervading provision of Article 8(1).

  • Excess SwapClear Contribution amounts due to SwapClear Clearing Members following the adjustment to the SwapClear Contribution will be repaid to SwapClear Clearing Members' PPS accounts on the SwapClear Reset Day immediately following the adjustment to the SwapClear Contribution.

  • SwapClear Contributions (as defined in the Default Rules) will be called via PPS on the fourth working day of each month or more frequently pursuant to a determination of the SwapClear Contribution under S2(p) of the Default Rules (each a "SwapClear Reset Day").

  • Where a Rule 26 Certificate is to be issued in respect of the Default of an SCM, the Clearing House may assume that no further recoveries will be made in respect of obligations of the Defaulting SCM beyond the value of its SwapClear Contribution.

  • In addition, the amount payable in respect of the SwapClear Contribution of an SCM which is a New Member will be determined on the date that the relevant New Member joins the SwapClear Service.

  • An SCM’s "SwapClear Contribution" shall be the amount determined in accordance with the SwapClear Default Fund Supplement and shall include any SwapClear Unfunded Contributions deposited and made by the SCM with the Clearing House.

  • Tables 4.2 - 4.4: As already indicated in Table 4.1 above no posts were upgraded or downgraded during the year under review and therefore Tables 4.2 - 4.4 are not applicable.

  • SwapClear Contribution requirements will be notified to the applicable FCM Clearing Members at least two working days prior to each SwapClear Reset Day on Member Intranet Report 000032.


More Definitions of SwapClear Contribution

SwapClear Contribution means, in relation to the Default Rules, the meaning assignedto it in rule 16 of the Default Rules.
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SwapClear Contribution means, in relation to the Default Rules, the meaning assigned
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SwapClear Contribution means an SCM's Contribution provided for under Part A ofthe Rates Service Default Fund Supplement – SwapClear and shall include any relevant SwapClear Unfunded Contributions and any relevant Supplementary Contribution in respect of the SCM
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SwapClear Contribution means, in relation to the Default Rules, the meaning assigned to it in rule 16 of the Default Rules.
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