Clearing Currency definition

Clearing Currency means either Euro (“EUR”), Swiss Francs (“CHF”) or British Pounds (“GBP”) as agreed in writing between Eurex Clearing AG and the Clearing Member in respect of each Standard Agreement or between Eurex Clearing AG and the Clearing Agent (acting on behalf of the relevant Basic Clearing Member) in respect of the Basic Clearing Member Clearing Agreement (as defined in Part 6 Number 1.1), provided that all Standard Agreements linked to a particular internal margin account need to have the same Clearing Currency. In these Clearing Conditions “Euro” means the lawful currency of the member states of the European Union that continue to have adopted the single currency in accordance with the Treaty establishing the European Community (signed in Rome on March 25, 1957), as amended by the Treaty on the European Union (signed in Maastricht on February 7, 1992), the Treaty of Amsterdam (signed in Amsterdam on October 2, 1997), the Treaty of Nice (signed in Nice on February 26, 2001) and the Treaty of Lisbon (signed in Lisbon on December 13, 2007).
Clearing Currency means Euro (“EUR”).
Clearing Currency means either Euro ("EUR") or Swiss Francs ("CHF") as determined in the Clearing Agreement.

Examples of Clearing Currency in a sentence

  • Such percentage shall be based on the effective overnight interest rate applicable to the relevant Clearing Currency.

  • Such amount is limited to a maximum aggregate amount of EUR 5,000,000 (or the corresponding equivalent in any other Clearing Currency as determined by Eurex Clearing AG) with respect to the relevant Liquidation Group.

  • The Clearing Agent shall notify the applicable Clearing Currency to the Basic Clearing Member.

  • Maitland contended that policies under cover of statutes, laws, or executive authority come from a top-down approach.

  • If at any time a conversion of a currency amount which is not denominated in a Clearing Currency is necessary in order to calculate the relevant Margin Requirement or to assess compliance therewith, Eurex Clearing AG shall use a commercially reasonable exchange rate prevailing as at such time (or if such rate is not available or not commercially appropriate as deemed by Eurex Clearing AG, such other rate as Eurex Clearing AG determines).


More Definitions of Clearing Currency

Clearing Currency means either Euro (“EUR”), Swiss Francs (“CHF”) or British Pounds (“GBP”) as agreed in writing between Eurex Clearing AG and the Clearing Member in respect of each Standard Agreement or between Eurex Clearing AG and the Clearing Agent (acting on behalf of the relevant Basic Clearing Member) in respect of the Basic Clearing Member Clearing Agreement (as defined in Part 6 Number 1.1), provided that all Standard Agreements linked to a particularinternal margin account need to have the same Clearing Currency
Clearing Currency means Euro (“EUR”) or US Dollars (“USD”) as agreed in writing between Eurex Clearing AG and the FCM Clearing Member in respect of each Netting Set, provided that all Netting Sets linked to a particular internal margin account need to have the same Clearing Currency. […] […]
Clearing Currency means either Euro (“EUR”), Swiss Francs (“CHF”) or British Pounds (“GBP”) as agreed in writing between Eurex Clearing AG and the Clearing Member in respect of each Standard Agreement or between Eurex Clearing AG and the Clearing Agent (acting on behalf of the relevant Basic Clearing Member) in respect of the Basic Clearing Member Clearing Agreement (as defined in Part 56 Number 1.1). In these Clearing Conditions “Euro” means the lawful currency of the member states of the European Union that continue to have adopted the single currency in accordance with the Treaty establishing the European Community
Clearing Currency means either Euro (“EUR”), or Swiss Francs (“CHF”) or British Pounds (“GBP”) as agreed in writing between Eurex Clearing and the Clearing Member in respect of each Standard Argreement.
Clearing Currency means Euro ("EUR"). For the avoidance of doubt, subject to and in accordance with these Clearing Conditions, the Clearing Currency is the currency in which the Margin Requirement and the Difference Claim are calculated, and may or may not be identical to the product currency in which contracts are traded or the actually delivered margin collateral in cash. In these Clearing Conditions "Euro" means the lawful currency of the member states of the European Union that continue to have adopted the single currency in accordance with the Treaty establishing the European Community (signed in Rome on March 25, 1957), as amended by the Treaty on the European Union (signed in Maastricht on February 7, 1992), the Treaty of Amsterdam (signed in Amsterdam on October 2, 1997), the Treaty of Nice (signed in Nice on February 26, 2001) and the Treaty of Lisbon (signed in Lisbon on December 13, 2007).
Clearing Currency means either Euro (“EUR”), or Swiss Francs (“CHF”) or British
Clearing Currency means either Euro (“EUR”), Swiss Francs (“CHF”) or British Pounds (“GBP”) as agreed in writing between Eurex Clearing AG and the Clearing