Clearing Firm Agreement definition

Clearing Firm Agreement means an agreement between the SEF and a Clearing Firm that includes (i) a list of the DCOs of which the Clearing Firm is a member, (ii) a list of the Persons for whom the Clearing Firm provides clearing services and (iii) if the Clearing Firm does not clear at all such DCOs for all such Persons, a per-Person list of the DCOs at which it does clear for such Person. The Clearing Firm shall be entitled to update this information in its sole discretion by written notice to the SEF and upon receipt of such notice, the SEF shall take such action necessary to effect the Clearing Firm’s modifications as promptly as practicable. For the avoidance of doubt, notwithstanding that such notice has not yet been provided or such modifications made, if the Clearing Firm has ceased to provide clearing services to a Person on any or all DCOs, the Clearing Firm may reject all such Person’s trades during the pre-execution credit check described in Rule 4017.
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Clearing Firm Agreement means the agreement between the SEF and a Clearing Firm. Such Clearing Firm Agreement shall enumerate (i) the DCOs of which the Clearing Firm is a member,
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Examples of Clearing Firm Agreement in a sentence

  • The poster displays the sponsoring organization’s name and the date-stamp of the authorizing office is attached.

  • This Customer Approval Notice Form is issued pursuant to the Tradition SEF Clearing Firm Agreement.

Related to Clearing Firm Agreement

  • Clearing Firm means an entity meeting the requirements of, and approved for, clearing membership at the Clearing House that is authorized pursuant to the Clearing House Rules to clear trades in any or all of the Contracts and that meets the qualification of the Exchange pursuant to Rule 902. A Clearing Firm may also be a Participant where it is authorized to access the Exchange to effect transactions. As a Participant, a Clearing Firm may trade for its own proprietary account or an account on behalf of its Customer (e.g., as a broker). As a Participant, a Clearing Firm may trade on behalf of a Customer with an account at a different Clearing Firm acting as a broker or performing an equivalent agency function. The different Clearing Firm is responsible for approving the Clearing Firm for such Customers pursuant to the applicable form to the Clearing Firm Agreement. The term “Clearing Firm” collectively refers to all Authorized Traders of a Clearing Firm authorized to utilize the Exchange. A Clearing Firm that carries Customer accounts must be a CFTC-registered FCM.

  • Selling Firm has the meaning given to it in Section 2(1);

  • Subprocessor means any person appointed by or on behalf of Processor to process Personal Data on behalf of the Company in connection with the Agreement.