Transferring SwapClear Contracts definition

Transferring SwapClear Contracts means those SwapClear 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", FCM SwapClear Contracts
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Transferring SwapClear Contracts means those SwapClear 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", FCM SwapClear Contracts"Treasury Account"means any accounting process under which an amount due under a Treasury Contract from a member to the Clearing House is set off against any amount due from the Clearing House to that Member"Treasury Contract"means any contract, including a contract of deposit, entered into by the Clearing House with that Member for purposes of, in connection with or otherwise in the course of its treasury management activities (and excluding, for the avoidance of doubt, ATS Contracts)"Unallocated FCM SwapClear Contract"has the meaning assigned to it in the FCM Regulations"Unallocated Excess"has the meaning assigned to it in the FCM Regulations"Unallocated Excess Sub- Account"has the meaning assigned to it in the FCM Regulations"Undertaking to Pay and Deliver"has the meaning ascribed to such term in Regulation 11(c)"Unfunded Contribution"means the unfunded Contribution of a Clearing Member referable to a specific Service provided by the Clearing House"US Trading Venue"means a swap execution facility or designated contract market registered as such with the CFTC which the Clearing House has approved for the purposes of having transactions executed thereon submitted to the Clearing House for registration. For the avoidance of doubt, a US Trading Venue need not be an Approved Trade Source System"US Trading Venue Transaction"means, in respect of a Clearing Member, a transaction recorded in the Clearing House’s systems (via applicable messaging from the relevant US Trading Venue, Approved Trade Source System or otherwise) as a transaction that was executed on a swap execution facility or designated contract market that, as at the time of such execution, was an Eligible US Trading Venue in respect of such Clearing Member
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Transferring SwapClear Contracts means those FCM SwapClear 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", SwapClear Contracts. “UK General Regulations” means the Clearing House’s Default Rules and the Settlement Finality Regulations, and the Clearing House's General Regulations from time to time in force. “UK General Procedures” means the Clearing House's “Procedures” as such term is defined in the UK General Regulations, which are applicable to the UK General Regulations. “Unallocated Excess” has the meaning assigned to such term in FCM Regulation 15(b). “Unallocated Excess Sub- Account” has the meaning assigned to such term in FCM Regulation 15(b). “Unallocated FCMForexClear Contract” has the meaning assigned to such term in FCM Regulation 49(q)(ii). “Unallocated FCM ForexClear Transaction” has the meaning assigned to such term in FCM Regulation 49(q)(i). “Unallocated FCM SwapClear Contract” has the meaning assigned to such term in FCM Regulation 46(p)(ii). “Unallocated FCM SwapClear Transaction” has the meaning assigned to such term in FCM Regulation 46(p)(i). “Variation Settlement” has the meaning assigned to such term in FCM Regulation 47(b). “Withdrawal Date” means the date upon which the Clearing House determines to withdraw the FCM SwapClear Service or the FCM ForexClear Service, as applicable, in accordance with these FCM Regulations and the FCM Procedures. “With Client ExcessModel” has the meaning assigned to it in FCM Regulation 15(d). “Without Client ExcessModel” has the meaning assigned to it in FCM Regulation 15(c).
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Examples of Transferring SwapClear Contracts in a sentence

  • In such circumstances, the Clearing House will notify the Receiving Clearing Member that the Associated Collateral Balance will not be transferred and, in order to proceed with the transfer of the associated Transferring SwapClear Contracts, the Receiving Clearing Member will have to furnish to the Clearing House sufficient collateral in respect of the Transferring SwapClear Contracts.

  • In the event that, for whatever reason, the Clearing House is unable to transfer such Associated Collateral Balance, the Clearing House will not proceed with the transfer of the Transferring SwapClear Contracts.

  • The Clearing House shall verify that the Transferring SwapClear Contracts identified to it by a Receiving Clearing Member as being the subject of such Transfer Request correspond to SwapClear Contracts which, according to its records, are registered in the Transfer Account of the Carrying Clearing Member on behalf of the Eligible Transferor.

  • If the transfer of the Transferring SwapClear Contracts and Associated Collateral Balance is not completed for any reason, then any actual transfer of any part of the Associated Collateral Balance or Transferring SwapClear Contracts that has occurred, as the case may be, shall be deemed not to have occurred, and any actual transfer of any part of the Associated Collateral Balance or Transferring SwapClear Contracts that has occurred shall be immediately unwound.

  • In the event that any of the conditions set forth above are not satisfied, including where the Carrying Clearing Member notifies the Clearing House that certain conditions have not been satisfied in a manner reasonably acceptable to the Clearing House, the Clearing House shall not proceed with the transfer of the Transferring SwapClear Contracts or, if applicable, the transfer of any Associated Collateral Balance, and shall promptly notify the Receiving Clearing Member of such outcome.

  • In the event that the Clearing House identifies a discrepancy, it will notify the Receiving Clearing Member and the Carrying Clearing Member and no transfer will occur until such time as the Transferring SwapClear Contracts identified to the Clearing House can be verified to the Clearing House.

  • If the Receiving Clearing Member wishes to proceed with such transfer or any other transfer of Transferring SwapClear Contracts of the Eligible Transferor(s), it shall be required to submit a new Transfer Request in accordance with these Procedures.

  • The SwapClear Clearing System provides functionality for transfer of one or more Transferring SwapClear Contracts between the Transfer Account of an Eligible Transferor to the Transfer Account of an Eligible Transferee, including, where relevant, the transfer of an Associated Collateral Balance.

  • Any such election will not, of itself, prevent the transfer of the Transferring SwapClear Contracts of the Eligible Transferor and any Associated Collateral Balance which has been accepted by the Receiving Clearing Member, provided that the conditions set out in Section 1.15.5 above are satisfied in relation to such transfer.

  • For the avoidance of doubt, a Permitted Transfer may be effected for all or part of the notional amount associated with the Transferring SwapClear Contracts.

Related to Transferring SwapClear Contracts

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Call-Off Contract means a legally binding agreement (entered into pursuant to the provisions of this Framework Agreement) for the provision of the Services made between a Contracting Body and the Supplier comprising of the relevant Order Form and the Call-Off Terms;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Transferring Former Supplier Employees in relation to a Former Supplier, those employees of the Former Supplier to whom the Employment Regulations will apply on the Relevant Transfer Date; and

  • First-tier subcontract means a subcontract awarded directly by the Contractor for the purpose of acquiring supplies or services (including construction) for performance of a prime contract. It does not include the Contractor’s supplier agreements with vendors, such as long-term arrangements for materials or supplies that benefit multiple contracts and/or the costs of which are normally applied to a Contractor’s general and administrative expenses or indirect costs.