Examples of Collateral Giver in a sentence
The Collateral Giver (under the CSA) must be the same legal entity as the Clearing Member (under the CMA) or, in respect of an Individually Segregated Sponsored Account, the Disclosed Principal (under the SPCA).
Cash and Derivatives Clearing System: The Clearing System managed by LCH SA to clear Transactions in Securities and/or Derivatives Product Group Cash Borrower or Collateral Giver: In the framework of a Triparty Repo, a Clearing Member that borrows cash against collateralising Basket eligible Securities.
In addition, the Frankfurt Sub-Custodian and the Securities Lending Counterparty have entered into Collateral Management Service Agreements with Clearstream Banking, Luxembourg (“CBL”) (in the case of the Frankfurt Sub-Custodian, as Collateral Receiver thereunder; and, in the case of the Securities Lending Counterparty, as Collateral Giver thereunder) (together, the “CMSAs”).
The Collateral Taker’s account shall be debited by a cash amount corresponding to the reduced securities amount, but the CollateralGiver shall pay interest to the Collateral Giver on the full amount of the Triparty Repo Transaction as initially traded, as if the Triparty Repo Transaction had been settled in full.
The Collateral Taker’s account shall be debited by a cash amount corresponding to the reduced securities amount, but theCollateral Giver shall pay interest to the Collateral Giver on the full amount of the Triparty Repo Transaction as initially traded, as if the Triparty Repo Transaction had been settled in full.
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The Collateral Giver shall ensure that CBL returns a duly acknowledged version of the notice of Pledge to the Pledgee.
Eurex Clearing AG and the Collateral Giver shall enter into Collateral Management Service Agreements with CBL regarding the management of the collateral in the GC Pooling Re-use Basic Clearing Member Pledged Securities Accounts in accordance with the Clearing Conditions.
For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Collateral Giver through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Collateral Giver, or any other Party, to CBL shall be required, without prejudice however to the notice that shall be served by the Third Party Pledge Holder to CBL when the Pledgor is the Collateral Giver, in accordance Clause 3.3 below.
Eurex Clearing AG and the Collateral Giver shall enter into Collateral Management Service Agreements with CBL regarding the management of the collateral in the CmaX Basic Clearing Member Pledged Securities Account(s) in accordance with the Clearing Conditions.