Cross-Margining Affiliate definition

Cross-Margining Affiliate means, as used in respect of a Cross-Margining Participant of a particular Clearing Organization, an Affiliate of such Cross-Margining Participant that is a Cross-Margining Participant of the other Clearing Organization.
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Cross-Margining Affiliate means an affiliate of a Clearing Member that is a member of FICC and that has agreed to have its positions and margin at FICC margined together with Eligible Positions and Margin of the Clearing Member at the Clearinghouse, and to be bound by the Cross-Margining Agreement and by the Rules and the rules of FICC that are applicable to cross-margining arrangements, all in accordance with the Clearing Member Cross-Margining Agreement.
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Cross-Margining Affiliate has the meaning set forth in the recitals.
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Examples of Cross-Margining Affiliate in a sentence

  • For purposes of this Rule, the positions in the cross-margin account of a Participating Clearing Member or its Cross-Margining Affiliate at a Cross-Margining Clearing Organization, and the performance bond thereon, shall be considered assets of the Participating Clearing Member available to the Clearing House to the extent provided in the Cross-Margining Agreement between the Clearing House and such Cross-Margining Clearing Organization.

  • For purposes of this Rule, the positions in the cross-margin account of a Participating Clearing Member or its Cross-Margining Affiliate at a Cross-Margining Clearing Organization, and the performance bond thereon, shall be considered assets of the Participating Clearing Member available to the Clearing House to the extent provided in the Cross-Margining Agreement between the Clearing House and such Cross- Margining Clearing Organization.

  • Either FICC or CME may require a Cross-Margining Participant to provide an opinion of counsel as to the enforceability of the provisions of this Agreement and the Rules of the applicable Clearing Organization with respect to such Cross-Margining Participant and its Cross-Margining Affiliate, if any.

  • Upon the suspension of a Participating Clearing Member, or upon receiving notice from a Cross-Margining Clearing Organization of its suspension of a Participating Clearing Member or its Cross-Margining Affiliate, the Clearing House may liquidate: the positions of the Participating Clearing Member; all related performance bond; and all proceeds of the foregoing.

  • Cross-Margining Affiliate: An affiliate of a Participating Clearing Member with which such clearing member is cross-margining its positions at the Clearing House and a Cross-Margining Clearing Organization.

  • The Board or the Risk Committee may summarily suspend any Clearing Member if the Clearing Member or its Cross-Margining Affiliate is in Default or is in such financial or operating difficulty that the Board or the Risk Committee determines that suspension is necessary for the protection of the Clearinghouse, other Clearing Members, or the general public.

  • Either FICC or NYPC may require a Cross-Margining Participant to provide an opinion of counsel as to the enforceability of the provisions of such agreement and the Rules with respect to such Cross-Margining Participant and its Cross-Margining Affiliate, if any.

  • Other Federal grants cannot be used as voluntary cost-shares without specific statutory authority (e.g. HUD's Community Development Block Grants).

  • The Clearinghouse may enter into a Cross-Margining Agreement pursuant to which a Joint Clearing Member or a Clearing Member and its Cross-Margining Affiliate may, at the discretion of the Clearinghouse and in accordance with the provisions of the Rules, elect to have its or their Margin requirement in respect of Eligible Positions at the Clearinghouse and at FICC calculated by taking into consideration the net risk of such Eligible Positions at both clearing organizations.

  • Now, the type of intervention is of a more supportive nature to on-going activities.


More Definitions of Cross-Margining Affiliate

Cross-Margining Affiliate means an affiliate of a Clearing Member that is a member of FICC and that has agreed to have its positions and margin at FICC margined together with Eligible Positions and Margin of the Clearing Member at the Clearinghouse, and to be bound by the Cross-Margining Agreement and by the Rules and the Rules of FICC that are applicable to cross-margining arrangements, all in accordance with the Cross-Margining Participant Agreement.
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Related to Cross-Margining Affiliate

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  • Group Business Entity means;

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