Clearing Party definition

Clearing Party a company underwriting transactions that take place on a Gas Exchange. The Clearing Party plays a central and independent role within the marketplace. It provides protection against default through a margin system and a default fund, and anonymity for buyers and sellers. The Clearing Party notifies GRTgaz of the Daily Quantities Requested corresponding to the delivery schedules resulting from the transactions.
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Clearing Party means a clearing broker or clearing member which DBS uses to clear the Indirect Client’s trades on an EEA CCP;
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Examples of Clearing Party in a sentence

  • It specifies the name of the Gas Exchange, the identity of the Clearing Party and the list of the Title Transfer Points (PEGs) the Shipper intends to use within the scope of the Gas Exchange in question.

  • You and, if applicable, your Clearing Party are irrevocably authorized and directed to clear and settle all trades on Omega and or Lynx by way of the CDS Exchange Trade Procedures upon receipt of notification from us as to your execution of a trade on Omega and or Lynx, and you irrevocably authorize us to report such trade by way of the CDS Exchange Trade Procedures.

  • You either (i) are a CDS participant in respect of equity securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity securities, as required under Section 3 above.

  • You and, if applicable, your Clearing Party are irrevocably authorized and directed to clear and settle all trades on Omega and/or Lynx by way of the CDS Marketplace Trade Procedures upon receipt of notification from us as to your execution of a trade on Omega and/or Lynx, and you irrevocably authorize us to report such trade by way of the CDS Marketplace Trade Procedures.

  • You either (i) are a CDS participant in respect of equity and other securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity and other securities, as required under Section 3 above.

  • The Clearing Party plays a central and independent role within the marketplace.

  • The Clearing Party notifies GRTgaz of the Daily Quantities Requested corresponding to the delivery schedules resulting from the transactions.

  • You either (i) are a CDS participant in respect of equity and other securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity and other securities, as re- quired under Section 3 above.

  • Without disclosing the party's prior written consent, neither the Receiving Party nor its Representatives of any other person shall apply, except to the extent, the provisions of paragraph 2: (a) the fact that Confidential Information has been made available to it or that it has inspected any part of the Confidential Information; b) The fact that the Clearing Party and the receiving party are in discussions or negotiations on the Transaction.

  • If they are not matched, the Daily Quantity Scheduled by GRTgaz shall be equal to the Nomination made by the Clearing Party.