Client Position Account definition

Client Position Account shall have the meaning set forth in Section 4.7 hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Client Position Account means a Client Clearing Category 1 Position Account or Client Clearing Category 2 Position Account; “Close-out VariationMargin” has the meaning given to it in section 10.1 of the Clearing Procedures; “CM Branch” means a branch of a Clearing Member; “CM Funded Contribution Amount” means, with respect to each Clearing Member, the amount determined for such Clearing Member in accordance with section 6.1.1 of the Clearing Procedures; “CM Payable Balance” has the meaning given to it in Clearing Rule 1324(4)(a); “CM Unfunded Contribution Amount” means, with respect to each Clearing Member, its proportionate share of the Rates and FX Assessments; “CNY” means the lawful currency of the People’s Republic of China excluding, for the purpose of this definition only, Hong Kong, Macau and Taiwan; “CNY (offshore)” means the currency denomination in respect of an amount payable in Renminbi under a transaction that will be settled solely by transfer to a Renminbi bank account maintained in an Offshore CNY Center; “CNY (offshore) Disruption Provisions” means the “Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction dated as of September 8, 2016” as published by ISDA; “Collateral” means money, securities and other property as may, from time to time, be so designated by OTC Clear as permissible for Margin or Rates and FX Contribution in respect of the Rates and FX Clearing Services, in each case in such form as may be required by OTC Clear; “Collateral Account” has the meaning given to it in Clearing Rule 903; “Conditional Approval Breach Period” has the meaning given to it in Clearing Rule 308(1); “Contract” means a contract between OTC Clear and a Clearing Member arising in accordance with these Clearing Rules, the terms and conditions of which are the relevant Contract Terms; “Contract Termination Event” has the meaning given to it in Clearing Rule 1918A; “Contract Termination Losses” means, with respect to an Auction Portfolio constructed as a result of the DMP Event with respect to a Defaulting Clearing Member, the sum of (without double-counting): (i) the aggregate Contract Termination Net Payments payable by OTC Clear to Non-Defaulting Clearing Members as a result of a Contract Termination Event, (ii) the Unsettled

Client Position Account. : shall mean the Clearing Member’s account, where Positions resulting from a transaction executed by the Clearing Member for the benefit of a Client are registered;.

Examples of Client Position Account in a sentence

The Reports sent to you each month include a Statement of Account reflecting transactions in three sections: Accounts Receivable, Client Position Account and Funds In Use.
All amounts you owe us, including all advances to you and any debit balance in your Client Position Account (defined in section 10 below), and any Obligations, are payable on demand and may be charged to your account at any time.
All amounts you owe us, including all advances to you and any debit balance in your Client Position Account (defined in Section 10 below), and any Obligations, are payable on demand and may be charged to your account at any time.
The amount that appears in your Funds-In-Use Account is the difference between the balance in your Accounts Receivable Account and the balance in your Client Position Account.
All amounts owing to us by you, including, without limitation, any advances which may be made to you prior to shipment and any debit balance in your Client Position Account (as defined below), shall be payable to us on demand.
The Reports sent to you each month will include, among other things, a Statement of Account reflecting transactions in an accounts receivable account (the "Accounts Receivable Account"), a client position account (the "Client Position Account") and a funds-in-use account (the "Funds-In-Use Account"), which accounts shall be established on our books in your name.
All amounts you owe us under this Agreement, including all unintentional advances to you, if any and any debit balance in your Client Position Account (defined in section 10 below), and any Obligations, are payable on demand and may be charged to your account at any time.
The Reports that shall be made available to you (and the SPV and the Agent) include a Statement of Account reflecting transactions in three sections: Accounts Receivable, Client Position Account and Funds In Use.
The Reports sent to you each month will include, among other things, a Statement of Account which will reflect transactions in three accounts: an accounts receivable account (the "Accounts Receivable Account"), a client position account (the "Client Position Account") and a funds-in-use account (the "Funds-In-Use Account").
All amounts owing to us by you, including, without limitation, any debit balance in your Client Position Account (as defined below), shall be payable to us on demand.

More Definitions of Client Position Account

Client Position Account means the “Client Position Accounts” referred to in the Factoring Agreements or any one or more of them as the context may require.