SwapClear Transaction definition

SwapClear Transaction means any transaction the details of which are presented tothe Clearing House via an Approved Trade Source System for the purpose of having such transaction registered at the Clearing House as two SwapClear Contracts or one SwapClear Contract and one FCM SwapClear Contract (as the case may be), regardless of whether such transaction (a) is an existing swap transaction, (b) was entered into in anticipation of clearing, or (c) is contingent on clearing
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SwapClear Transaction means any transaction the details of which are presented to the Clearing House for the purpose of having such transaction registered at the Clearing House as two SwapClear Contracts, regardless of whether (a) such transaction is an existing swap transaction, (b) it was entered into in anticipation of clearing or (c) it is contingent on clearing.
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SwapClear Transaction means any transaction the details of which are presented to the Clearing House via an Approved Trade Source System for the purpose of having such transaction registered at the Clearing House as two SwapClear Contracts or one SwapClear Contract and one FCM SwapClear Contract (as the case may be), regardless of whether such transaction (a) is an existing swap transaction, (b) was entered into in anticipation of clearing, or (c) is contingent on clearing"SwapClear Unfunded Contribution"has the meaning assigned to it in Rule S7 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Unfunded Contribution Notice"has the meaning assigned to it in Rule S7 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Voluntary Payment"has the meaning assigned to it in Rule S10 of the SwapClear Default Fund Supplement"SwapClear Voluntary Payment Notice"has the meaning assigned to it in Rule S10 of the SwapClear Default Fund Supplement"TARGET2"means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007"Target Settlement Day"means any day on which TARGET2 is open for the settlement of payments in euro"tender"means a notice given by or on behalf of a seller (or buyer where Exchange Rules so require) pursuant to ExchangeRules, these Regulations and the Procedures, of an intention to make (or take) delivery of a commodity
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Examples of SwapClear Transaction in a sentence

  • Where the Package Transaction is not presented in the prescribed format, each constituent FCM SwapClear Transaction within the Package Transaction will be rejected.

  • Notwithstanding the designation by the Clearing House of any system as an FCM Approved Trade Source System, the Clearing House makes no warranty (and will accept no liability) as to the effectiveness, efficiency, performance or any other aspect of the services provided by any FCM Approved Trade Source System or the timeliness or otherwise of the delivery of any FCM SwapClear Transaction details by that FCM Approved Trade Source System to the Clearing House.

  • Additionally, the Clearing House may rely on details relating to an FCM SwapClear Transaction obtained from an FCM Trading Venue for verification purposes or in order to generate reports or to exercise its rights or discretion under Regulation 45.

  • The Clearing House will process any FCM SwapClear Transaction reported to it by an FCM Approved Trade Source System on an “as is” basis and, subject to the FCM Rulebook, will register any such FCM SwapClear Transaction on the basis of the data provided to it by the FCM Approved Trade Source System and approved by the relevant FCM Clearing Member.

  • Where a constituent FCM SwapClear Transaction of a Package Transaction is an FCM Eligible Trading Venue Transaction, it is a condition of registration that all of the constituent FCM SwapClear Transactions of such Package Transaction be FCM Eligible Trading Venue Transactions.

  • Prior to and as a precondition to the registration of an eligible FCM SwapClear Transaction, the relevant FCM Clearing Member must provide notice to and receive approval from the Clearing House (or have previously provided such notice and received such approval), in such form as determined by the Clearing House in its sole discretion, with respect to each type of FCM SwapClear Transaction to be presented for registration (be it with respect to tenor, currency or other eligibility criteria).

  • The Clearing House receives details of a new eligible FCM SwapClear Transaction using agreed format messages via an FCM Approved Trade Source System.

  • The “LCH Cut-off Time” in respect of an FCM SwapClear Transaction will be the expiry of the timeframe determined by the Clearing House.

  • It is a condition for registration of such FCM SwapClear Transaction that an FCM Clearing Member provides a separate consent (each, an “FCM Acceptance”) in respect of each FCM Notification received by it in relation to the registration of such FCM SwapClear Transaction.

  • Following receipt of an FCM Notification, an FCM Clearing Member may choose to grant or refuse consent to register the FCM SwapClear Transaction.


More Definitions of SwapClear Transaction

SwapClear Transaction means any transaction the details of which are presented to
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SwapClear Transaction means any transaction the details of which are presented to the Clearing House via an Approved Trade Source System for the purpose of having such transaction registered at the Clearing House as two SwapClear Contracts or one SwapClear Contract and one FCM SwapClear Contract (as the case may be), regardless of whether such transaction (a) is an existing swap transaction, (b) was entered into in anticipation of clearing, or (c) is contingent on clearing"SwapClear Unfunded Contribution"has the meaning assigned to it in Rule S7 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Unfunded Contribution Notice"has the meaning assigned to it in Rule S7 of Part A of the Rates Service Default Fund Supplement – SwapClear"TARGET2"means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007"Target Settlement Day"means any day on which TARGET2 is open for the settlement of payments in euro"tender"means a notice given by or on behalf of a seller (or buyer where Exchange Rules so require) pursuant to Exchange Rules, these Regulations and the Procedures, as applicable, of an intention to make (or take) delivery of a reference asset or commodity“Term £GC Trade"means a trading activity in which a RepoClear Participant ("the First Participant") offers to sell (or buy) an agreed value of securities comprised in a Term £GC Basket (as defined in the Procedures), to be allocated in accordance with the RepoClear Procedures applicable to RepoClear Term £GC Contracts, and another RepoClear Participant ("the Second Participant") offers to buy (or sell, as the case may be) the securities so allocated, on the conditions that: a) at the end of a specified period of time, the Second Participant sells (or buys, as the case may be) Equivalent Securities (as such term is used in the RepoClear Term £GC Contract Terms) and the First Participant buys (or sells, as the case may be) those Equivalent Securities; andb) the understanding of the parties is that their obligations during the term of the transaction will be effected through the CREST delivery by value (DBV) functionality of Euroclear UK and Ireland, as contemplated by the rules of Euroclear UK and Ireland and RepoClear Procedures applicable to RepoClearTerm £GC Contracts, and a trade subsequently ensues
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Related to SwapClear Transaction

  • repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities and a reverse repurchase agreement for the counterparty buying them;

  • Transaction means the transactions contemplated by this Agreement.