Clearing Client definition

Clearing Client means any RepoClear Clearing Client, SwapClear Clearing

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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.

Examples of Clearing Client in a sentence

Inquiries concerning the balance and positions in your Account should be directed to: First Clearing Client Services, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇., ▇▇.
The Direct Clearing Agent shall in a secure manner forward all relevant information to the Direct Clearing Client.
Where the Direct Clearing Agent as a result of such a circumstance is prevented from making or receiving payment, neither the Direct Clearing Agent nor the Direct Clearing Client shall be liable for penalty interest.
Such arrangement shall be documented in a separate agreement between the Direct Clearing Client and the Direct Clearing Agent.
The Direct Clearing Client hereby nominates the Direct Clearing Agent as its Direct Clearing Agent and the Direct Clearing Agent hereby accepts the Direct Clearing Client as its Direct Clearing Client.
The Direct Clearing Agent shall not be liable for damage incurred by the Direct Clearing Client or third party as a result of limitations on the right of disposal which may be applied against the Direct Clearing Agent regarding financial instruments.
The Direct Clearing Client and the Direct Clearing Agent acknowledges that they are under a duty to notify the Clearinghouse immediately in case either of them becomes aware of any breach of a representation or warranty.
Any communication with respect to the obligations under the Clearing Rules and other applicable market information shall be provided by the Clearinghouse to the Direct Clearing Agent in accordance with the Clearing Rules and this Agreement, unless the Clearinghouse chooses to involve the Direct Clearing Client directly.
In addition, the Direct Clearing Client shall note that the Clearinghouse, according to the Clearing Rules, shall not be liable for direct or indirect damages related to the use of market information from the Clearinghouse.
The Member hereby nominates the Client Representative as its Client Representative and the Client Representative hereby accepts the Member as its Clearing Client.

More Definitions of Clearing Client

Clearing Client means any RepoClear Clearing Client, SwapClear Clearing Client, EquityClear Clearing Client, LCH EnClear Clearing Client, LSE Derivatives Market Clearing Client, Nodal Clearing Client, ForexClear Clearing Client or Listed Interest Rates Clearing Client. For the avoidance of doubt, the reference to LCH EnClear Clearing Client includes a Customer (as such term is defined in Procedure 2E 1.4 in respect of LCH EnClear Services) "Clearing House" means LCH Limited whose registered office is located at Aldgate House, 33 Aldgate High Street, London EC3N 1EA, United Kingdom "Clearing House Applied Collateral" means, in respect of an account of a Clearing Member, any cash Collateral provided by the Clearing House in respect of which the Clearing Member's obligation to return such Collateral has been discharged pursuant to the Rulebook by means of that return obligation having been set-off against an obligation owed by the Clearing House to that Clearing Member, as contemplated by Regulation 20(w) "Clearing House Current Collateral Balance" means, in respect of an account of a Clearing Member, all cash Collateral which has been transferred by the Clearing House to that Clearing Member (or which would, but for the application of Regulation 57(d) or another comparable payment netting provision applying in the ordinary course of business, have been transferred by the Clearing House to that Clearing Member) on account of the Clearing House's variation margin obligations relating to the relevant account pursuant to the Rulebook, less any Clearing House Applied Collateral and any Clearing House Returned Collateral in relation to that account; provided that any amounts transferred by the Clearing House to the Clearing Member for the purpose of settling an obligation in respect of daily settlement amounts pursuant to Regulation 23(c) or an obligation arising pursuant to a SwapClear STM Contract which is due and payable do not form part of the Clearing House Current Collateral Balance "Clearing House Returned Collateral" means, in respect of an account of a Clearing Member, any cash Collateral: (i) which a Clearing Member has returned to the Clearing House; or (ii) in respect of which the obligation to return such Collateral has been discharged as a result of the operation of Regulation 23(c) or as a result of the operation of Regulation 57(d) or another comparablepayment netting provision applying in the ordinary course of business

Related to Clearing Client

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”);
Clearing Account means the account so designated and established by Section 5.04(1) hereof.
Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").
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.
Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.