Carrying Clearing Member definition

Carrying Clearing Member means (a) a SwapClear Clearing Member that carries a Transfer Account from which Transferring SwapClear Contracts and the relevant Associated Collateral Balance(s) may be transferred to the Transfer Account of a Receiving Clearing Member pursuant to Regulation 60 of these Regulations and in accordance with the Procedures and (where applicable) any relevant Collateral Management Agreement, or (b) in respect of a transfer as described in sub-paragraph (ii) of the definition of "Receiving Clearing Member", an FCM Clearing Member (and, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa)
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Carrying Clearing Member means (a) a SwapClear Clearing Member that carries a Transfer Account from which Transferring SwapClear Contracts and the relevant Associated Collateral Balance(s) may be transferred to the Transfer Account of a Receiving Clearing Member pursuant to Regulation 60 of these Regulations and in accordance with the Procedures and (where applicable) any relevant Collateral Management Agreement, or (b) in respect of a transfer as described in sub- paragraph (ii) of the definition of "Receiving Clearing Member", an FCM Clearing Member (and, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa)"CEA"has the meaning assigned to it in the Default Rules"CFTC"has the meaning assigned to it in the Default Rules"CFTC Regulations"has the meaning assigned to it in the FCM Regulations“CHF ForexClear Liquidity Fund Contribution”means, in respect of a ForexClear Option Clearing Member, the amount (notified by the Clearing House pursuant to Regulation 102(b)) of cash denominated in Swiss Francs that is required to be paid by that ForexClear Option Clearing Member to the Clearing House"Charged Cash Collateral"has the meaning assigned to it in Regulation 20(s)(iii)"Cleared Exchange Contract"means a Contract entered into by the Clearing House on the terms of an exchange contract"Clearing Agreement"means in relation to Client Clearing Business entered into by a Clearing Member in respect of any Service, suitable contractual arrangements between the Clearing Member and its Clearing Client in relation to the relevant Client Clearing Service"Clearing Client"means any RepoClear Clearing Client, SwapClear Clearing Client, EquityClear Clearing Client, LSE Derivatives Market Clearing Client, ForexClear Clearing Client or Listed Interest Rates Clearing Client."Clearing House"means LCH Limited whose registered office is located at Aldgate House, 33 Aldgate High Street, London EC3N 1EA,United Kingdom
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Carrying Clearing Member means (i) an FCM Clearing Member that has an account for an FCM Client, and in respect of which the FCMcarries a Transfer Account from which Transferring SwapClear Contracts and the relevant Associated Collateral attributed to such account is toBalance(s) may be transferred to the Transfer Account of a Receiving FCM Clearing Member pursuant to FCM Regulation 13 and in accordance with the FCM ProceduresClearing Member (capitalized terms used in this sub-paragraph (i) having the meanings set out in the UK General Regulations, as modified by FCM Regulation 46(p)) or (ii) in respect of a transfer as described in sub-paragraph(b) of the definition of “Receiving Clearing Member”, a Clearing Member (as defined in the UK General Regulations, and being an entity other than an FCM Clearing Member) (and, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa).“Receiving FCM Clearing Member”means (i) an FCM Clearing Member or (ii) where the PortingTransferring SwapClear Contracts are FCM SwapClear Contracts, a Clearing Member (as defined in the UK General Regulations, and being an entity other than an FCM Clearing Member) in each case nominated by an FCM Client tothat carries the Transfer Account that will receive the transfer of part or all of the FCM Contracts and associated Collateral attributable to such FCM Client from theTransferring SwapClear Contracts and, where applicable, Associated Collateral Balance(s) held in respect of the Eligible Transferor from a Carrying Clearing Member that previously carried such account, pursuant to FCM Regulation 13 and in accordance with the FCM Procedures. For the avoidance of doubt, where the PortingTransferring SwapClear Contracts are FCM SwapClear Contracts: (a) an entity that is an FCM Client may also be a Receiving Clearing Member, and (b) a Receiving Clearing Member that is an FCM Clearing Member may be nominated to receive the transfer of RelevantTransferring SwapClear Contracts and Associated Collateral Balance from a Carrying Clearing Member that is not an FCM Clearing Member pursuant to Regulation 60 of the UK General Regulations (capitalizedand, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa). Capitalized terms used in this sub-paragraph (b)definition having the meanings set out in the UK General Regulations asmodified by FCM Regulation 46(p).REGULATION 13 TRANSFER Except as otherwise expressly provided herei...
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Examples of Carrying Clearing Member in a sentence

  • For the avoidance of doubt, the Carrying Clearing Member shall have no right or entitlement to assert any claim over, or right with respect to, the Associated Collateral Balance Transferred.

  • Following such notification and upon request from the Clearing House, the Carrying Clearing Member shall confirm to the Clearing House the specific collateral which should comprise such Associated Collateral Balance(s).

  • The Clearing House shall verify that the Transferring SwapClear Contracts identified to it by a Receiving Clearing Member as being the subject of such Transfer Request correspond to SwapClear Contracts which, according to its records, are registered in the Transfer Account of the Carrying Clearing Member on behalf of the Eligible Transferor.

  • In respect of any part of an Associated Collateral Balance that is not subject to a Client Charge or the Deed of Charge entered into between the Carrying Clearing Member and the Clearing House, such transfer shall be by novation of the Carrying Clearing Member’s rights and obligations in respect of such part of the Associated Collateral Balance to the Receiving Clearing Member.

  • However, in circumstances where the EFP Transaction is between a bank/foreign exchange dealer and a CTA, account controller, or other Person acting on behalf of a third party (such as a commodity pool or fund), the cash side confirmation statement must identify, at minimum, the name of the third party’s Carrying Clearing Member and the third party’s account number (or other account specific designation), but need not identify the third party by name.

  • In the event that any of the conditions set forth above are not satisfied, including where the Carrying Clearing Member notifies the Clearing House that certain conditions have not been satisfied in a manner reasonably acceptable to the Clearing House, the Clearing House shall not proceed with the transfer of the Transferring SwapClear Contracts or, if applicable, the transfer of any Associated Collateral Balance, and shall promptly notify the Receiving Clearing Member of such outcome.

  • Where a Receiving Clearing Member notifies the Clearing House of a proposal to transfer an Associated Collateral Balance in connection with a Permitted Transfer, the Clearing House shall notify the Carrying Clearing Member of such request.

  • In the event that the Clearing House identifies a discrepancy, it will notify the Receiving Clearing Member and the Carrying Clearing Member and no transfer will occur until such time as the Transferring SwapClear Contracts identified to the Clearing House can be verified to the Clearing House.

  • Where the Porting Contracts constitute the entire portfolio of an FCM Client’s FCM Contracts registered with the Carrying Clearing Member (and only in such case), the Receiving FCM Clearing Member may also request in connection with such transfer the transfer of the applicable Collateral attributable to such FCM Client (such Collateral, the “Porting Collateral”).

  • In the event that the Carrying Clearing Member fails to notify the Clearing House of the specific collateral which should comprise the Associated Collateral Balance(s), the Clearing House shall identify and select the Collateral it deems appropriate to comprise the Associated Collateral Balance(s) attributable to the Transferring SwapClear Contracts, in its sole discretion.


More Definitions of Carrying Clearing Member

Carrying Clearing Member. Means (i) an FCM Clearing Member that carries a Transfer Account from which Transferring SwapClear Contracts and the relevant Associated Collateral Balance(s) may be transferred to the Transfer Account of a Receiving Clearing Member (capitalized terms used in this sub-paragraph (i) having the meanings set out in the UK General Regulations, as modified by FCM Regulation 46(p)) or (ii) in respect of a transfer as described in sub-paragraph (b) of the definition of “Receiving Clearing Member”, a Clearing Member (as defined in the UK General Regulations, and being an entity other than an FCM Clearing Member)(and, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa).
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Carrying Clearing Member means a Clearing Member who is a futures commission merchant carrying one or more accounts for Customers.
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Carrying Clearing Member means (a) a SwapClear Clearing Member or ForexClear
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Carrying Clearing Member means (i) an FCM Clearing Member that carries a Transfer Account from which Transferring SwapClear Contracts or Transferring ForexClear Contracts and the relevant associated Collateral may be transferred to the Transfer Account of a Receiving Clearing Member or (ii) in respect of a transfer as described in sub-paragraph (b) of the definition of “Receiving Clearing Member”, a Clearing Member (as defined in the UK General Regulations, and being an entity other than an FCM Clearing Member)(and, for the avoidance of doubt, a Carrying Clearing Member may be a Receiving Clearing Member, and vice versa). “Cash-Settled FCM Contract” means an FCM Exchange Contract or FCM Listed Interest Rates Contract that is to be settled by cash-settlement only. “CEA” means the U.S. Commodity Exchange Act. “CFTC” means the U.S. Commodity Futures Trading Commission. “CFTC Regulations” means the rules and regulations promulgated by the CFTC. “Cleared Swap” means “Cleared Swap” as such term is defined in CFTC Regulation 22.1, which term includes but is not limited to Swap Products. “Cleared Swaps Account Class” means the account class for cleared swaps accounts (as defined in CFTC Regulations 190.01(a)(i)) for purposes of Part 190 of the CFTC Regulations and Section 4d(f) of the CEA. “Cleared Swaps Customer Account” means “Cleared Swaps Customer Account” as such term is defined in CFTC Regulation 22.1. “Clearing House” means LCH Limited whose registered office is located at10 Paternoster Square, London EC4M 7LS, United Kingdom. “Clearing House Data” means the data or data products (or any part of such) made available by or on behalf of the Clearing House or any of its group undertakings, which shall include any or derived data created or developed based on or as a result of such data or data products “ClearLink API” means the Clearing House’s proprietary messaging standard used by market participants to interact with the Clearing House's clearing services “Client Account” has the meaning assigned to it in the General Regulations. “Closing-out Contract” means, for the purposes of these FCM Regulations, an FCM Contract effected by or on behalf of the Clearing House and registered in an FCM Clearing Member's name,
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Related to Carrying 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.

  • 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.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • 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.

  • 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.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • 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”);

  • Collateral Interest Holder means the entity so designated in the Transfer Agreement.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class B Certificateholder The registered holder of a Class B Certificate.

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

  • Principal Paying Agent means the Principal Paying Agent as specified in § 2 (1) of the General Conditions.

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

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