Clearing Member definition

Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

Clearing Member means a member of a Clearing House that is authorized to clear trades in any or all Swaps for a Participant or its Accounts or Customers. Each Clearing Member must sign documentation required by BSEF.

Clearing Member means a clearing member as defined in point 14 of Article 2 of Regulation (EU) No 648/2012;

Examples of Clearing Member in a sentence

• History and Business MCSSP holds a Capital Markets Services License issued by the Monetary Authority of Singapore and is a trading member of SGX-ST as well as a Clearing Member of the CDP.

• A Person who exceeds a position limit as a result of maintaining positions in Swaps at more than one Clearing Member shall be deemed to have waived confidentiality regarding its positions and the identity of the Clearing Members at which those positions are maintained if such Person does not remedy the position limit breach on its own as soon as practicable but in no event later than the end of the trading day during which it exceeded such position limit and received notice from the Company thereof.

• The Company is responsible for the submission of each Cleared Swap to the Clearing Member designated by each Participant or Trading Customer of an Introducing Agent, as applicable.

• Transactions executed for the proprietary account (as such term is defined in CFTC Regulation 1.3(y)) of a Participant, Trading Customer or Clearing Member.

• A terminated Clearing Member may only seek to reinstate its authorization to exercise Clearing Privileges by providing the Company with satisfactory evidence that he complies with all the terms and conditions of the Clearing Member Relationship Agreement.

More Definitions of Clearing Member

Clearing Member means an undertaking which participates in a CCP and which is responsible for discharging the financial obligations arising from that participation;

Clearing Member means General Clearing Member or Individual Clearing Member;

Clearing Member means a member of a Clearing House that is authorised to clear trades in financial instruments for itself or others.

Clearing Member means a firm qualified to clear trades through the Clearing House.

Clearing Member means a member of a Clearing House that is authorised to clear Trades in Instruments for a Participant or its Principal.

Clearing Member. : shall mean a legal person admitted to the System

Clearing Member means an entity meeting the requirements of, and approved for, clearing membership at the Clearing House that is authorized pursuant to the Clearing House Rules to clear trades in any or all Contracts. Except for those Clearing Members that clear solely for their own proprietary accounts (each, an “Individual Clearing Member”), all other Clearing Members must be registered with the CFTC as FCMs (each, an “FCM Clearing Member”).