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

• Participant understands and agrees that all Transactions concluded on or through the System or Services are binding Transactions between Participant and its counterparty that must be settled between Participant and its counterparty in accordance with the rules of the Clearing House and, if applicable, Participant’s agreements with its Clearing Member.

• Notwithstanding the foregoing, Confidential Information may be disclosed (i) by Nodal to the Clearing House and, if applicable, to Participant’s Clearing Member; (ii) to the extent required by Applicable Law or regulation or the rules of a Self-Regulatory Organization of competent jurisdiction; (iii) by Nodal upon request by the CFTC or the Federal Energy Regulatory Commission; (iv) Rev.

• The Clearing House shall, on Xxxxx’s behalf, submit to Participant or to Participant’s Clearing Member (as applicable), a monthly invoice setting forth any and all Exchange Fees, including any other applicable charges or taxes.

More Definitions of Clearing Member

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 a member of a Clearing House that is authorised to clear trades in financial instruments for itself or others.

Clearing Member means General Clearing Member or Individual Clearing Member;

Clearing Member means a firm qualified to clear trades through the Clearing House.

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. : shall mean a legal person admitted to the System

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”).