Uncleared Swap definition

Uncleared Swap means any Swap other than a Cleared Swap.
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Uncleared Swap means a Swap other than a Cleared Swap. 201. Board
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Uncleared Swap means a Swap other than a Cleared Swap. 102. Rules of Interpretation For all purposes of these Rules, except as otherwise expressly provided herein or unless the context otherwise requires:
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Examples of Uncleared Swap in a sentence

  • Settlement of Uncleared Swaps Settlement of all Uncleared Swaps shall be effected bilaterally between the parties to the Uncleared Swap pursuant to the terms of such Uncleared Swap and applicable agreements between the parties to the trade, and the Company shall not have any responsibility for any element of such settlement.

  • This notification is deemed repeated each time Party B enters into an Uncleared Swap with Party A.

  • Revise subpart L to read as follows:Subpart L – Segregation of Assets Held as Collateral in Uncleared Swap TransactionsSec.23.700 Definitions.23.701 Notification of right to segregation.23.702 Requirements for segregated initial margin.

  • Revise subpart L to read as follows:Subpart L—Segregation of Assets Held as Collateral in Uncleared Swap TransactionsSec.23.700 Definitions.23.701 Notification of right to segregation.

  • If a Cleared Swap is affirmatively rejected by the relevant Derivatives Clearing Organization, the transaction shall be deemed void ab initio unless the parties agree, to the extent permitted by Applicable Law, to permit the trade to continue as an Uncleared Swap.

  • The Confirmation, together with any underlying previously-negotiated freestanding agreements between the counterparties (the “Terms Incorporated by Reference”) shall, taken together, for purposes of Commission Regulation 37.6(b), comprise all of the terms of such Swap and serve as the Confirmation of such Uncleared Swap.

  • Revise subpart L to read as follows: Subpart L – Segregation of Assets Held as Collateral in Uncleared Swap TransactionsSec.23.700 Definitions.23.701 Notification of right to segregation.23.702 Requirements for segregated initial margin.

  • In accordance with CFTC rule 23.701, we are hereby notifying you that, to the extent Counterparty posts “Initial Margin” (as defined in CFTC rule 23.700) (“IM”) in respect of any Uncleared Swap between us and Counterparty that is not subject to mandatory segregation, Counterparty has the right to elect that IM be segregated (“IM Segregation”) in accordance with the requirements set forth in CFTC rules 23.702 and 23.703 (the “CFTC Segregation Regime”).

  • Settlement of Uncleared Swaps Settlement of all Uncleared Swaps shall be doneeffected bilaterally between the parties to the Uncleared Swap pursuant to the terms of such Uncleared Swap and applicable agreements between the parties to the trade, and the Company shall not have any responsibility for any element of such settlement.

  • As we have explained in other response letters in more detail, we believe that such delegation would be an effective manner to enable counterparties to satisfy this requirement.33 * * * * * Markit appreciates the opportunity to comment on the CFTC’s Proposed Rule: Margin Requirements for Uncleared Swap Dealers and Major Swap Participants.


More Definitions of Uncleared Swap

Uncleared Swap means a Transaction that is a “swap” as defined in the CEA section 1(a)(47) and CFTC regulation 1.3(xxx) that is not subject to the CFTC’s mandatory clearing requirement under CEA section 2(h) and CFTC regulations promulgated thereunder.
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Related to Uncleared Swap

  • Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is intended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • FX means the fixing of the FX Exchange Rate as published 2 p.m. Frankfurt am Main local time by the Fixing Sponsor on the FX Screen Page (or any successor).

  • Foreign Exchange (FX) or “FX-like” Service means a retail service offering which allows FX End Users to obtain Exchange Service from a mandatory local calling area other than the mandatory local calling area where the FX End User is physically located, but within the same LATA as the number that is assigned. FX Service enables particular End Users to avoid what might otherwise be toll calls between the FX End User’s physical location and other End Users in the foreign exchange.