Clearing Day definition

Clearing Day means any Business Day (as defined above).
Clearing Day means any Business Day excluding Saturdays, Sundays and public holidays.
Clearing Day means, for the purposes of these Delivery Procedures, a day on which the Clearing House is open for business, or such other day as may be determined by the Clearing House;

Examples of Clearing Day in a sentence

  • By the 15th Calendar Day + 1 Clearing Day of Month Preceding Delivery PeriodDelivery Range Determination prior to first day of the Delivery Range.

  • Any such agreement between the Seller and Buyer to have an alternative bank countersign a Letter of Indemnity must be notified to the Clearing House by 18.00 LPT on the seventh Clearing Day following the Last Trading Day.

  • Any such request must be submitted to the Seller and the Clearing House by 18.00 LPT on the fourth Clearing Day following the Last Trading Day, specifying the reasons for such request, and may not be based on frivolous or vexatious reasons.


More Definitions of Clearing Day

Clearing Day means a day on which the Clearing House is open for business or such other day as may be determined by the Clearing House;
Clearing Day means any day as set out in the Regulation Clearing Days published by EuroCCP at least annually;
Clearing Day means any Business Day excluding Saturdays, Sunday and public holidays;
Clearing Day means any London day, as published from time to time by LCH, upon which LCH is open for the presentation of particulars of Designated Trades for registration by LCH; Clearing Membership Agreement shall have the same meaning as in the Regulations;
Clearing Day means any Business Day excluding Saturdays, Sundays and gazetted public holidays in Singapore &/or in the case of Foreign Currency Deposit the public holidays in that country.
Clearing Day means the clearing day fixed by the Exchange from time to time. (vii) “Closing Price” of a security in this market means the price as prescribed underRegulations Governing Risk Management of Karachi Stock Exchange (Guarantee) Limited, as amended from time to time. (viii) “Commission” means the Securities and Exchange Commission of Pakistan. (ix) “Daily Settlement Price” means the Closing Price, in the Deliverable Futures Contract Market. (x) “Deliverable Futures Contract Market” means a market as envisaged under these Regulations. (xi) “Deliverable Futures Contract” means Standardized Stock Futures contract which shall be trading under Deliverable Futures Contract Market and settled/delivered in accordance with these regulations as amended from time to time.(xii) “Final Settlement Price” means the Closing Price, in the Ready Market. (xiii) “Exchange” means The Karachi Stock Exchange (Guarantee) Limited. (xiv) “Exposure” shall have the same meaning as defined in Regulations Governing Risk Management of Karachi Stock Exchange”, as amended from time to time. (x v) “General Regulations” means General Regulations of the Exchange in force and as may be amended from time to time. (xvi) “Mark-to-Market Loss or MtM Loss” means amount payable by a Member at any point in time on account of contracts executed on behalf of its clients, as well as its proprietary unsettled position in any security, to the Clearing House or Clearing Company due to difference between Transaction Price, on trade to trade basis, of the unsettled position in each security and the Daily Settlement Price of that security. (xvi i) “Mark-to-Market Profit or MtM Profit” means amount receivable by a Member at the end of each day on account of trades executed on behalf of its clients, as well as its proprietary unsettled position in any security, from Clearing House or Clearing Company due to difference between Transaction Price, on trade to trade basis, of the unsettled position in each security and the Daily Settlement Price of that Security. (xvi ii) “Member” means “Member of the Exchange. (xix) “Uniform Criteria” means the eligibility criteria for selection of eligible securities for trading in the markets as prescribed by the Exchange with the prior approval of the Commission. (xx) “Uptick” means the price above the previous price of a transaction of a security executed through the KATS. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. (x...
Clearing Day means any Business Day excluding, in the case of Foreign Currency Deposit, any day on which the principal financial centre of the country of that currency is not open for business.