EquityClear Contract definition

EquityClear Contract means an EquityClear (Equities) Contract and/or an EquityClear (ccCFD) Contract (as applicable)"EquityClear Contract Terms"means the EquityClear (Equities) Contract Terms and/or the EquityClear (ccCFD) Contract Terms as the case may be"EquityClear Eligibility Criteria"means the EquityClear Open Offer Eligibility Criteria or the EquityClear Novation Transaction Eligibility Criteria (as applicable)"EquityClear Eligible ccCFD"means a contract for difference in respect of an EquityClear Eligible Instrument (as such term is defined in the Procedures) prescribed by the Clearing House and eligible for those prescribed parts of the EquityClear service and which appear in the list or lists published for this purpose from time to time by the Clearing House"EquityClear Eligible Equities"means securities prescribed from time to time by the Clearing House which are eligible for any part or parts of the EquityClear service and which appear in the list or lists published from time to time by the Clearing House"EquityClear Eligible Instruments"has the meaning assigned to it in Section 1.1.3 (EquityClear Eligible Instruments) of Procedure 2D (EquityClear Clearing Service)"EquityClear (Equities) ATP Match"means, in respect of an ATP, a match on such ATP of Trading Platform Particulars which relate to EquityClear Eligible Equities and are submitted by, or on behalf of: (i) two EquityClear Clearing Members (with one as buyer and one as seller); or (ii) one EquityClear Clearing Member and one member of a relevant Co-operating Clearing House (with one as buyer and one as seller), (i) which match the Clearing House and the ATP have agreed will be cleared in accordance with, and subject to, the ATP Market Rules and the Rulebook via the EquityClear (Equities) Open Offer clearing mechanism (and not via novation under Regulation 69); and (ii) regardless of whether such match is described or characterised as a trade, transaction or agreement in the relevant ATP Market Rules"EquityClear (Equities) Contract"means an EquityClear Contract entered into by the Clearing House with an EquityClear Clearing Member on the EquityClear (Equities) Contract Terms or such other terms specified by the relevant ATP
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EquityClear Contract means an EquityClear (Equities) Contract and/or an EquityClear (ccCFD) Contract (as applicable)
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EquityClear Contract means an EquityClear (Equities) Contract and/or an EquityClear (ccCFD) Contract as the case may be
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Examples of EquityClear Contract in a sentence

  • In the event that matching does not occur with regard to any EquityClear Contract by the time set out above, the Clearing House shall nevertheless continue to calculate margin requirements and require Collateral with regard to the Contract.

  • Variation margin Variation margin represents the change in value of each open EquityClear Contract from the value at the time of trade to the current market value or from the previous closing price to the current market value for EquityClear (ccCFD) Contracts which were not traded that same day.

  • In the event that the Clearing House receives no such details from a Clearing Member it will be entitled to act on the basis that all details, which it has received of that EquityClear Contract (or any transaction created by the ASP for the purposes of net settlement) are correct and that the Clearing Member has failed to match as required by these Procedures.

  • The Clearing House shall not be responsible for any act or omission with regard to any Corporate Action (for example a rights issue, dividend or Cash Equivalent Dividend Payment or other corporate entitlement) relating to any EquityClear Eligible Instrument which is the subject of any EquityClear Contract, other than as set out in these Procedures.

  • If matching does not occur (in respect of either an individual transaction or a net settlement transaction) but a Clearing Member reasonably believes that this has been caused by incorrect or incomplete data being held by the ASP in respect of an EquityClear Contract to which that Clearing Member is party, it is the responsibility of that Clearing Member promptly to inform the Clearing House and immediately to provide details to the Clearing House.

  • In such circumstances, the Clearing House may make such arrangements as it considers appropriate (including, but not limited to, the creation of a temporary cash or stock account in the system of the ASP) in order to facilitate the proper and orderly settlement of that EquityClear Contract.

  • Any EquityClear Contract already registered by the Clearing House in respect of that security will be deemed void from the point of entry into such Contract ("ab initio") and the Clearing House will return any Collateral transferred to it in respectof it.

  • The Clearing House may instruct an ASP to cease Technical Netting in respect of one or more transactions at the ASP where the Clearing House considers (in its sole discretion) this necessary to effect settlement of any EquityClear Contract.

  • Trading in "when-issued" market instruments (" grey market stocks") In the event that a "when issued" security is added to any list of EquityClear Eligible Instruments or EquityClear Eligible Equities, Members should note that any obligations of the Clearing House in respect of any EquityClear Novation Transaction, EquityClear ATP Match or resulting EquityClear Contract for that security will only arise in the event that that security is listed as planned.

  • Where fulfilment of EquityClear Contract requires settlement via an ASP and where no Power of Attorney system is operated by the Clearing House for the ASP in which settlement will take place (see Section1.8.1(a)), Clearing Members must ensure that they have matched successfully with the Clearing House in respect of each EquityClear Contract by the close of the system of the ASP on Trade Date plus one business day (T+1).


More Definitions of EquityClear Contract

EquityClear Contract means an EquityClear (Equities) Contract and/or an
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Related to EquityClear Contract

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  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

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  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

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  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

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  • 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.

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  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

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