Default Rules definition

Default Rules. , for a clearing agency, means the rules of the clearing agency required by section 26;

Default Rules means the Clearing House’s Default Rules including the Supplements from time to time in force pursuant to Part IV of The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001 which, for the avoidance of doubt, form a part of these General Regulations

Default Rules means all the rules contained in the Rulebook and other provisions of the Contractual Relationship which provide for the taking of action in the event of a Member being unable, appearing to be unable, or being likely to be unable, to meet its obligations in respect of one or more outstanding Single Contracts;

Examples of Default Rules in a sentence

• The LIFFE Contract shall be subject to the Rules of LIFFE and the General Regulations and Default Rules of LCH.

• Default in financial settlement by the Trading Clearing Participant shall be subjected to the Default Rules under Chapter 4.

• Xxxxxxx, The Sounds of Silence: Default Rules and Contractual Consent, 78 VA.

• Default Rules and Procedures (Core Principle G): The Amendments facilitate ICE NGX’s compliance with Core Principle G - Default Rules and Procedures and Commission Regulation 39.16, as the Amendments relating to Contracting Party Affiliates, Set-off and Cross-Default enhance ICE NGX’s rules designed to allow for the efficient, fair and safe management of a default by a Contracting Party or Contracting Party Affiliate.

• Fall Back Allocation Rules Where the Default Rules above cannot be applied or are not relevant, then the "Fall Back Allocation Rules" set out below are to apply and the Allocation Agent shall: allocate the metered quantity to the Shipper, if there is only one Shipper; or split the metered quantity equally between the Shippers, if there is more than one Shipper.

More Definitions of Default Rules

Default Rules. , for a clearing facility, means the rules of the clearing facility required by section 14(1);

Default Rules. , means rules of a central depository that provide for the taking of action by a central depository against a defaulter;

Default Rules means the Clearing House's Default Rules from time to time in force pursuant to part II of schedule 21 to the UK Companies Act 1989. “Defaulting FCM Client” means an FCM Client with respect to which an FCM Client Default has occurred “Defaulting ForexClear Service Clearing Member” has the meaning assigned to it in the UK General Regulations. “Defaulting Rates Service Clearing Member” has the meaning assigned to it in the UK General Regulations. “Delivery Month” has the meaning ascribed to it in: (i) the relevant Exchange Rules in respect of an FCM Exchange Contract; and (ii) the relevant provisions of the FCM Product Specific Terms and Eligibility Criteria Manual in respect of an FCM Listed Interest Rates Contract. “Delivery Notice” means a notice in writing, given by or on behalf of a Seller (or Buyer where required pursuant to, as applicable, Exchange Rules, these FCM Regulations and/or the FCM Procedures), of the Seller’s (or Buyer’s) intention to make (or take) delivery of a commodity in connection with a Physically-Settled FCM Contract. “Depository” means a collateral agent, custodian, central securities depository, securities settlement system or other similar entity “designated contract market” means a board of trade designated as such by the CFTC pursuant to Section 5 and 6(a) of the CEA. “Designated FCM Listed Interest Rates Contract” has the meaning ascribed to it in FCM Regulation 57(b). “Designated Rates Exchange” has the meaning ascribed to it in FCM Regulation 57(a). “Economic Terms” means that part of the FCM SwapClear Contract Terms, the FCM ForexClear Contract Terms, or the FCM Listed Interest Rates Contract Terms designated as Economic Terms by the Clearing House from time to time. “Eligible FCM ForexClear Compression Contracts” has the meaning ascribed to it in Regulation 49(o)(i). “Eligible FCM SwapClear Compression Contract” has the meaning ascribed to it in Regulation 46(n)(i). “Eligible Transferee” means an FCM Clearing Member that the Clearing House permits, in its sole and absolute discretion, and subject

Default Rules means rules of a Central Securities Depository which provides for the taking of actions by a Central Securities Depository against a defaulter;

Default Rules means the Clearing House's Default Rules from time to timein force pursuant to part II of schedule 21 to the UK Companies Act 1989.

Default Rules means the rules of a listed person which provide for the taking of action in the event of a person appearing to be unable, or likely to become unable, to meet this liabilities in respect of one or more money market contracts or related contracts;

Default Rules means LCH’s Default Rules, which form part of the Regulations;