Assignment Phase definition
Assignment Phase means a period of six months immediately prior to each DMC Term which shall commence on 30 September of each calendar year (including) and shall end on 1 April of each calendar year (excluding) during which Eurex Clearing AG shall determine which Eligible Clearing Members shall participate in a DMC in the following DMC Term in accordance with Number 2.2. With respect to the first DMC Term such period may be different depending on the start date of the relevant DMC Term.
Assignment Phase means a period of six months prior to the start of each DMC Term. During the Assignment Phase, Eurex Clearing AG shall determine the Eligible Clearing Members or Eligible FCM Clearing Members which shall participate in a DMC in the following DMC Term in accordance with Number 2.2. Eurex Clearing AG shall inform all Eligible Clearing Members and all Eligible FCM Clearing Members with respect to the relevant DMC about the commencement of the relevant Assignment Phase at least one month prior to the start of such Assignment Phase. In case of the establishment of a new DMC, Eurex Clearing AG may deviate from the six-months-period.
Assignment Phase means a period of six months immediately prior to the start of each DMC Term. which shall commence on 30 September of each calendar year (including) and shall end on 1 April of each calendar year (excluding) during which During the Assignment Phase, Eurex Clearing AG shall determine which the Eligible Clearing Members which shall participate in a DMC in the following DMC Term in accordance with Number 2.2. Eurex Clearing AG shall inform all Eligible Clearing Members with respect to the relevant DMC about the commencement of the relevant Assignment Phase at least one month prior to the start of such Assignment Phase. In case of the establishment of a new DMC, Eurex Clearing may deviate from the six months period.With respect to the first DMC Term such period may be different depending on the start date of the relevant DMC Term.
More Definitions of Assignment Phase
Assignment Phase means the phase specified in Part 4B;