Client Clearing definition
Examples of Client Clearing in a sentence
The Client Clearing Agreement contains, in particular, provisions regarding the establishment, margining, termination or transfer of clearing contracts between the Clearing Member and the Bank (each a "Client Clearing Transaction") relating to the respective Contracts entered into the execution system of the central counterparties for Indirect Clearing purposes.
To the extent there is any inconsistency between the provisions of this Agreement and the Client Clearing Standard Terms, the provisions of this Agreement shall prevail.
For these Transactions, Section 7 paragraph (1) sentences 2 to 4 and paragraph (3) of the Framework Agreement apply, provided that references to Contracts, the Rules and Regulations and collateral are to be replaced with references to Client Clearing Transactions, the Client Clearing Agreement and collateral pursuant to the Client Clearing Agreement.
The governing law, jurisdiction and service of process provisions contained in the Client Clearing Standard Terms apply to this Agreement as if set out in full.
References to Clauses, Schedules, or Paragraphs shall be references to the clauses, schedules or paragraphs of the Client Clearing Standard Terms.
For these Transactions, section 7 paragraph (1) sentences 2 to 4 and paragraph (3) of the Framework Agreement apply, provided that references to Contracts, the Rules and Regulations and collateral are to be replaced with references to Client Clearing Transactions, the Client Clearing Agreement and collateral pursuant to the Client Clearing Agreement.
References to Clauses shall be references to the clauses in the Collateral Addendum (as set out in Appendix 3 of the Client Clearing Standard Terms).
Capitalised terms used but not defined in this Agreement shall have the meaning given to them in the Client Clearing Standard Terms.
Party A and Party B agree that by executing this Agreement, the Client Clearing Standard Terms as modified, amended or supplemented by Schedule 2 hereto are incorporated into this Agreement.
Party A and Party B agree that their execution of this Agreement shall constitute their entry into, on the date hereof, a Client Clearing Agreement which incorporates the terms of the Client Clearing Standard Terms as modified, amended or supplemented by Schedule 2 hereto.