Clearing Participant means a bank or any person who submits a cheque, IBG or FAST to the Clearing House for clearing;
Clearing Participant has the meaning given to such term in the rules of the Central Clearing and Settlement System of Hong Kong; 「結算參與人」之涵義與其在香港中央結算系統相關規例中保持一致；
Examples of Clearing Participant in a sentence
While an Event of Default is continuing, a Finance Party may set off any matured obligation due from an Obligor under the Finance Documents (to the extent beneficially owned by that Finance Party) against any matured obligation owed by that Finance Party (other than in its capacity, if any, as a Clearing Participant or Co-operating Clearing House) to that Obligor, regardless of the place of payment, booking branch or currency of either obligation.
More Definitions of Clearing Participant
Clearing Participant has the meaning given to such term in the rules of CCASS.
Clearing Participant means a person that CHO has allowed to be a clearing participant in the Clearing House in accordance with the C&S Rules;
Clearing Participant means a registered participant of ICE Clear
Clearing Participant means either a General Clearing Participant or a Direct Clearing Participant, recognised as such by EuroCCP under the conditions set out in article 4;
Clearing Participant means a participant (other than a Settlement Participant that has access to the FPS Facilities) which has agreed with a Settlement Participant that such participant’s payments will be settled through that Settlement Participant’s FPS Ledger Account; such participant in relation to the Settlement Participant with whom it has agreed to settle its payments shall be referred to as “its Clearing Participant”.
Clearing Participant s Client” shall mean a legal entity or an individual registered by the Clearing House as a client of a Clearing Participant in accordance with these Clearing Rules.