Buyer Clearing Member definition

Buyer Clearing Member means, in relation to a Contract to which the Clearing House is party, the long Clearing Member.
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Examples of Buyer Clearing Member in a sentence

  • The Buyer Clearing Member and Seller Clearing Member shall provide delivery margins to the Clearing House in such amounts and in such form as required by the Clearing House.

  • The Seller Clearing Member and the Buyer Clearing Member are each responsible to the Exchange and the Clearing House for their respective obligations and those of their respective Customers under the provisions of this Chapter 10.

  • On receipt of such notice of payment the Clearing House shall, in accordance with the Clearing House Rules, release the Buyer Clearing Member’s delivery margin to the Buyer Clearing Member, who shall in turn release the Buying Customer's margin to the Buying Customer.

  • The Buyer Clearing Member shall obtain from the Buying Customer margin in a form acceptable to the Clearing House in an amount fixed from time to time by the Clearing House.

  • On the following Business Day, unless the Buyer Clearing Member or Buying Customer have notified the Clearing House that the Seller Clearing Member has Failed to Perform, the Clearing House shall, in accordance with the Clearing House Rules, liquidate the Buying Customer’s delivery margin and, when liquidation is complete, pay the Seller Clearing Member, which shall in turn pay the Selling Customer.

  • Where payment has been received, the Seller Clearing Member shall deliver a notice of payment to the Buyer Clearing Member and the Clearing House not later than the Business Day following the date payment is made.

  • The Seller Clearing Member shall notify the Buyer Clearing Member who shall in turn notify the Buying Customer.

  • Any claim for damages for loss suffered that arise between the Seller Clearing Member and Buyer Clearing Member as a result of any Failure to Perform (or possible Failure to Perform) shall be settled by arbitration in accordance with this Rule 10.19.

  • Not later than 12:00 (New York time) the Buying Customer shall notify, by e-mail or fax, the Buyer Clearing Member of the details of the transfer of funds.

  • If the Seller Clearing Member receives notification that payment has not been received, it shall notify the Buyer Clearing Member and the Clearing House in writing.

Related to Buyer Clearing Member

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Exchanging Member means a Member that Exchanges some or all of its Units.

  • Global warming potential means how much a given mass of a chemical contributes to global warming over a given time period compared to the same mass of carbon dioxide. Carbon dioxide's global warming potential is defined as 1.0.

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing Participant means a bank or any person who submits a cheque, IBG or FAST to the Clearing House for clearing;

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Transferring Member has the meaning set forth in Section 9.4.

  • Trading Partner means an entity that has registered with the Commission to exchange data through Electronic Data Interchange.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Exchanging Partner has the meaning provided in Section 8.05(a) hereof.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Tax Matters Person Certificate The Class A-R Certificate with a Denomination of $0.01.

  • Regulation S Permanent Global Security with respect to any series of Securities, means one or more permanent Global Securities bearing the Private Placement Legend, that will be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series initially sold or, if required by Rule 903 of Regulation S, of the Regulation S Temporary Global Security of such series upon expiration of the Distribution Compliance Period with respect to such series, as the case may be.

  • Restricted Global Security As defined in Section 3.01(c).

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Managing Member is defined in the recitals to this Agreement.

  • Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

  • Tax Matters Person Any person designated as "tax matters person" in accordance with Section 5.06 and the manner provided under Treasury Regulation ss. 1.860F-4(d) and Treasury Regulation ss. 301.6231(a)(7)-1.

  • Global Warrant means a Warrant represented by a Global Warrant Certificate.

  • Clearing Firm means an entity that meets the requirements of clearing membership at a Clearing House that clears Trades in any or all of the MarketAxess SEF Swaps and is authorized to submit Trades for clearing to the Clearing House.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;