General Clearing Member ( definition

General Clearing Member (. GCM”)” means a Member Firm which is a member of the Designated Clearing House and which has entered into a relationship prescribed by the Designated Clearing House for such purposes, thereby agreeing to act in this capacity for themselves or one or more Customers;
General Clearing Member (. GCM”)” means a Member Firm which is a member of the Designated Clearing House and which has entered into a relationship prescribed by the Designated Clearing House for such purposes, thereby agreeing to act in the capacity of General Clearing Member for themselves or a client;
General Clearing Member ( means a legal person that, in the context of the System, becomes a counterparty of CC&G for Market operations on its own behalf and/or on behalf of its own Customers and/or Non-Clearing Members who use its services.

Examples of General Clearing Member ( in a sentence

  • In order to be connected to the electronic trading system trading participants with the clearing status Direct Clearing Member (DCM) and General Clearing Member (GCM) need at least one dedicated line plus a back-up connection.•Premium: In the case of Premium, the trading participant is connected via two parallel dedicated lines, which, to the extent technically possible and suitable, are set up by using separate routing paths or are leased from two different providers.

  • Joint Statement between Participant & General Clearing Member (F1-1a): Joint statement of the candidate Participant with the General Clearing Member of ATHEXClear who cooperates with the latter in clearing its transactions – required only by candidate Participants who will be Non-Clearing Members.

  • For example: if the Directors have prescribed that a Category 1 Member is required to hold 25,000 B Shares and that an LMEprecious General Clearing Member is required to hold 10,000 B Shares, a Candidate seeking to become both a Category 1 Member and an LMEprecious General Clearing Member would be required to hold 25,000 B Shares in total (not 35,000 B Shares).

  • Direct membership as an NCM or CM requires fulfilling the respective membership requirements of EEX and ECC and in case of NCMs entering into a relationship with an ECC General Clearing Member (GCM).

  • For the avoidance of doubt, such arrangements may include the maintenance of settlement and custody accounts for Precious Metals with: (a) an LMEprecious General Clearing Member; or (b) a Precious Metal Clearer; or (c) a custodian having an account for the settlement of unallocated Precious Metals.


More Definitions of General Clearing Member (

General Clearing Member ( means a legal person that, in the context of the System, becomes a counterparty of CC&G for Marketoperations on its own behalf and/or on behalf of its own Clients who use its services.
General Clearing Member ( means a “Member” as defined in the General Regulations"General Procedures"means the "Procedures" as defined in the General Regulations"General Regulations"means the Clearing House's General Regulations which include the Default Rules, and Clearing House Settlement Finality Regulations, from time to time in force"General RepoClear Procedures"means Section 2B (RepoClear Service) and Sections 3 (Financial Transactions) to 8 (Complaints) of the General Rulebook"General Rulebook"means the General Regulations, Default Rules, General Procedures and other such rules of the Clearing House, as published and amended from time to time"General Securities Collateral"means “Collateral” as defined in the General Regulations that is in the form of securities"House Clearing Business"means, in respect of any Clearing Service, contracts entered into by a Clearing Member with the Clearing House on a proprietary basis and for its own account"Individual CSD-Level Segregation"means, in respect of an Authorised CSD and an account which the Clearing House has opened with such Authorised CSD, that the Clearing House holds Securities Collateral for one Clearing Member only (and no other person) in such account together with General Securities Collateral (if any) that the Clearing House holds for the same Clearing Member in its capacity as a General Clearing Member"initial margin"means an amount determined and published from time to time by the Clearing House with regard to each category of contract, in respect of which Sponsored Members may be required to transfer (or procure transfer) to the Clearing House, Collateral in accordance with these SC Regulations and the SC Procedures as a condition of registration of a contract by the Clearing House and otherwise in respect of all Contracts registered with the Clearing House, as prescribed by these SC Regulations and the SC Procedures"Insufficient Resourceshas the meaning assigned to it in Rule R11 of the Determination"RepoClear Default Fund Supplement“Irish Money Market Fund” “Irish Pension Fund” "LCH Group"means a money market fund (as defined in the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds) established in Ireland as either: a) an authorised Irish Collective Asset- management Vehicle for the purposes of the Irish Collective Asset-management Vehicles Act 2015; b) a company formed and registered under the Irish Companies Act 2014 or the prior Companies Acts (as defined ...
General Clearing Member ( means a “Member” as defined in the GeneralRegulations"General Procedures"means the "Procedures" as defined in the General Regulations"General Regulations"means the Clearing House's General Regulations which include the Default Rules, and Clearing House Settlement Finality Regulations, from time to time in force"General RepoClear Procedures"means Section 2B (RepoClear Service) and Sections 3 (Financial Transactions) to 8 (Complaints) of the General Rulebook"General Rulebook"means the General Regulations, Default Rules, General Procedures and other such rules of the Clearing House, as published and amended from time to time"General Securities Collateral"means “Collateral” as defined in the General Regulations that is in the form of securities"House Clearing Business"means, in respect of any Clearing Service, contracts entered into by a Clearing Member with the Clearing House on a proprietary basis and for its own account"Individual CSD-Level Segregation"means, in respect of an Authorised CSD and an account which the Clearing House has opened with such Authorised CSD, that the Clearing House holds Securities Collateral for one Clearing Member only (and no other person) in such account together with General Securities Collateral (if any) that the Clearing House holds for the same Clearing Member in its capacity as a General Clearing Member"initial margin"means an amount determined and published from time to time by the Clearing House with regard to each category of contract, in respect of which Sponsored Members may be required to transfer (or procure transfer) to the Clearing House, Collateral in accordance with these SC Regulations and the SC Procedures as a condition of registration of a contract by the Clearing House and otherwise in respect of all Contracts registered with the Clearing House, as prescribed by these SC Regulations and the SC Procedures"Insufficient Resources Determination"has the meaning assigned to it in Rule R11 of the RepoClear Default Fund Supplement
General Clearing Member ( means a General Clearing Member, as defined in the Clearing Conditions.
General Clearing Member ( means a clearing member permitted to conduct clearance and payment for its own derivative transactions and for those of its brokerage clients, and also to provide services of clearance and payment for derivatives transactions of non-clearing members and their clients.
General Clearing Member ( means a member who uses the clearing services of TCH for itself, its clients, another member of TCH, or another member whom it performs the duty of clearing for.
General Clearing Member ( or “GCM” means a party that is a Member of SECDEX as further described at Rule 3;