CCP. A is authorized to commission further vicarious agents, in particular with respect to the operation of the technical aspects in clearing.
CCP. A and its vicarious agents shall not be liable to Clearing Agents and other third parties (including Other Clients and their jointly appointed representative (if any) pursuant to section 46 para. 2 of the General Terms and Conditions of CCP.A) for any losses, damages, consequential damages or lost profits that may occur as a result of, or in connection with the clearing of transactions.
CCP. A commissions vicarious agents, who undertake the tasks of the Settlement Bank, the CSD or the Collateral Custodian (together referred to as ‘Clearing Facilities’) for making payment transactions and keeping the cash accounts and securities accounts according to the General Terms and Conditions of CCP.A.
CCP. A and its vicarious agents shall not be liable to Clearing Members or Clearing Clients for losses, lost profits or damages, unless these losses, lost profits or damages are the result of their intentional or gross negligent conduct. Liability for consequential damages shall be excluded in any case.
CCP. A and its vicarious agents shall not be liable for damages caused by a disruption of operations due to force majeure, riot, war and natural disasters or due to other events or incidents for which they are not responsible (e.g. strikes, lawful lock-outs, traffic disruptions) or restraints/acts of sovereigns.
CCP. A, a joint subsidiary of Oesterreichische Kontrollbank AG (OeKB) and Wiener Börse AG, was founded in 2004 and acts as a central counterparty pursuant to § 9 para. 3 Austrian Stock Exchange Act. CCP Austria was authorized on 14 August 2014 as the central counterparty pursuant to Article 17 of Regulation (EU) No 648/2012 (hereinafter EMIR) It is downstream of securities trading and, as the central counterparty, ensures the secure and reliable clearing of cash market transactions. This central clearing infrastructure between buyer and seller reduces securities settlement and risk costs and facilitates market access for new investors and market participants. About the OeKB AG The OeKB Group has been strengthening Austria's economy with many services for small, medium and large companies as well as the Republic of Austria since 1946 and thus has a special position as a central financial services provider. With its broad range of competences, the OeKB Group focuses on four main service areas: Export services, capital market services, energy market services and development financing. The OeKB Group is a public-private partnership, fulfilling its role as a private company on one side, and, on the other, as a mandate from the Republic of Austria. OeKB is able to process federal export guarantees and to make attractive financing available in conjunction with foreign trade. Also its private loan insurances protect receivables at home and abroad. With its capital market services, the OeKB Group fulfils essential functions concerning securities, provides clearing services for the energy market and finances commercial and developmentally reasonable projects in emerging markets with the OeEB as the official development bank for the Republic of Austria. The OeKB Group includes OeKB AG and its subsidiaries and shareholdings. Customer orientation, great technical expertise and reliability determine both the strategic alignment of the services provided by the OeKB Group as well as the actions of its more than 400 employees. Economic relevance and sustainability are fixed cornerstones for every project of the OeKB Group. About Wiener Börse Founded in 1771, Wiener Börse AG, the company that operates the Vienna Stock Exchange, is one of the oldest stock exchanges in the world. Today, it is a modern, customer and market- oriented company that plays a key role in the Austrian capital market. It is the driving force that contributes substantially to the further development of the ...
CCP. The sub-recipient must register their Citizen Corps Council on the Citizen Corps website xxxx://xxx.xxxxxxxxxxxx.xxx and manage their program and information on the site. Citizen Corps Councils must include representatives of emergency management, homeland security, law enforcement, fire service, medical services/public health or their designee, elected officials, the private sector, private non-profits, non-governmental organizations and advocacy groups for special needs populations. In addition, representatives from existing Citizen Corps programs, such as Volunteers in Police Service (VIPS), Medical Reserve Corps (MRC), Community Emergency Response Team (CERT), Neighborhood Watch, and Fire Corps should be included on the Citizen Corps Council. Where applicable, a Metropolitan Medical Response System representative should also be included on the Citizen Corps Council. All allocations and use of funds under this grant must be in accordance with the FY 2009 HSGP Guidelines and Application Kit found at - xxxx://xxx.xxxx.xxx/government/grant/hsgp/index.shtm. All award Sub-recipients are required to have read, understood and accepted the FY 2009 HSGP Guidance and Application Kit as binding.
CCP. A is commissioned with the task of a Clearing House for the clearing of all CCP-eligible exchange transactions concluded at Wiener Börse AG in its function as a securities exchange in securities transactions and in transactions concluded on the Third Market as a Multilateral Trading System (MTF) operated by Wiener Börse AG. The transactions shall take place exclusively between CCP.A as central counterparty and one Exchange Member respectively, which is a Clearing Member.
CCP. A is the contractual counterparty of the Clearing Member in the transactions concluded by the latter through the trading systems and carries out the clearing and risk management for the transactions.
CCP. A shall be permitted to terminate the Clearing Agreement with immediate effect without observing a notice period, if there is a material reason pursuant to section 20 of the General Terms and Conditions of CCP.A. The termination by CCP.A shall be made in writing, with the reasons to be stated.
