Cleared Swap definition

Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is intended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.

Cleared Swap means (i) a Swap that is subject to the Clearing Requirement, or (ii) any Swap of a type that is accepted by a DCO for clearing that the parties have elected to submit for clearing, whether or not the particular Swap is accepted or rejected.

Cleared Swap means a Swap that either is required to be cleared pursuant to Section 2(h)(2)(D) of the CEA and CFTC Regulation 39.5 or that is submitted for clearing to a Derivatives Clearing Organization by or on behalf of the parties to the Swap even though such Swap is not required to be cleared.

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.

More Definitions of Cleared Swap

Cleared Swap means a Swap that is to be submitted for clearing to a Clearing House, either on a mandatory or voluntary basis.

Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is

Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is accepted by a Derivatives Clearing Organization for clearing and which Participants have elected to submit for clearing.

Cleared Swap means a Swap that is required to be cleared pursuant to Section 2(h)(2)(D) of the CEA and CFTC Regulation 39.5, but does not include a Swap that one or both parties elects not to clear under (i) the end-user exception provided by Section 2(h)(7)(A) of the CEA and CFTC Regulation 50.50 or (ii) the inter-affiliate exemption provided by CFTC Regulation 50.52. Notwithstanding the foregoing, “Cleared Swap” includes any Swap that is submitted for clearing to a Derivatives Clearing Organization by or on behalf of the parties to the Swap even though such Swap is not required to be cleared.

Cleared Swap. Any Interest Rate Protection Agreement that is cleared by a DCO.

Cleared Swap. Any Interest Rate Protection Agreement that is cleared by a DCO. “Closing Certificate”: A true and correct certificate in the form of Exhibit D, executed by a Responsible Officer of Seller. “Closing Date”: November 2, 2018. “Code”: The Internal Revenue Code of 1986. “Competitor”: The meaning set forth in the Fee Letter, which definition is incorporated herein by reference. “Commodity Exchange Act”: The Commodity Exchange Act, as amended. “Compliance Certificate”: A true and correct certificate in the form of Exhibit E, executed by a Responsible Officer of Seller and Guarantor. “Confirmation”: A purchase confirmation in the form of Exhibit B, duly completed, executed and delivered by Seller and Buyer in accordance with either Section 3.01 or Section 4.01(d). “Connection Income Taxes”: Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. “Contractual Obligation”: With respect to any Person, any provision of any securities issued by such Person or any indenture, mortgage, deed of trust, deed to secure debt,

Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is accepted by a Derivatives Clearing Organization for clearing and which Participants have elected to submitintended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.