Examples of Cleared Swap in a sentence
Breakage AgreementThe term “Breakage Agreement” means any arrangement, whether contained in an agreement between the parties to a Cleared Swap or in the Rules, that provides for the assessment of liability or payment of damages between the parties to the Cleared Swap in the event the Cleared Swap is rejected from clearing, as such term is defined or interpreted by the CFTC from time to time.
The clearing services provided by the DCO with respect to any Cleared Swap, and the rights and obligations of purchasers and sellers under Cleared Swaps (including rights and obligations in respect of clearing and settlement, variation payments and performance at maturity), will be governed by the rules of the DCO.
The Company shall provide facilities to route each Cleared Swap to the DCO identified by the parties to such Cleared Swap.
The Company is responsible for the submission of each Cleared Swap to the Clearing Member designated by each Participant or Trading Customer of an Introducing Agent, as applicable.
With respect to Cleared Swaps, each Participant that is not an Account Manager must either be a Clearing Member of a Clearing House where the Cleared Swaps are cleared or have a clearing account with a Clearing Member with respect to such Cleared Swap and provide SEF with evidence of such relationship.