Clearing Member definition
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 Member means a member of a Clearing House that is authorized to clear trades in any or all Swaps for a Participant or its Accounts or Customers. Each Clearing Member must sign documentation required by BSEF.
Clearing Member means a clearing member as defined in point 14 of Article 2 of Regulation (EU) No 648/2012;
Examples of Clearing Member in a sentence
Subject to Section 8.7 of the Security and Pledge Agreement, the Banks irrevocably authorize the Collateral Agent to, and the Collateral Agent shall, release any Clearing Member from its obligations under the Loan Documents if such Person ceases to be a Clearing Member (which obligations shall be automatically released upon such Person ceasing to be a Clearing Member).
Upon request by the Collateral Agent at any time, the Required Banks shall confirm in writing the Collateral Agent’s authority to release any Clearing Member from its obligations under the Loan Documents pursuant to this Section 10.11.
More Definitions of Clearing Member
Clearing Member means a member of a Clearing House that is authorised to clear trades in financial instruments for itself or others.
Clearing Member means an undertaking which participates in a CCP and which is responsible for discharging the financial obligations arising from that participation;
Clearing Member means General Clearing Member or Individual Clearing Member;
Clearing Member means a member of a Clearing House that is authorised to clear Trades in Instruments for a Participant or its Principal.
Clearing Member means a firm qualified to clear trades through the Clearing House.
Clearing Member 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 Contracts. Except for those Clearing Members that clear solely for their own proprietary accounts (each, an “Individual Clearing Member”), all other Clearing Members must be registered with the CFTC as FCMs (each, an “FCM Clearing Member”).
Clearing Member means a member of a DCO that is authorized to clear Swaps for itself and/or for other Persons.