DCASS definition

DCASS means the Derivatives Clearing and Settlement System operated by the Futures Clearing House and the SEHK Options Clearing House Limited;

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DCASS means the Derivatives Clearing and Settlement System operated by SEOCH and HKFE Clearing Corporation Limited;

DCASS means the Derivatives Clearing and Settlement System operated by the HKFE Clearing House and the SEOCH;

Examples of DCASS in a sentence

• Changes of the DCASS Designated Officer shall take effect when written notice thereof has been received by HKCC.

• The User Rules will be continuously extended and refined, as new services and more subscribers are added to DCASS.

• To provide a stable DCASS service offering, each configuration (network, hardware and software) using DCASS must be validated before being allowed to transmit or receive transactions within the DCASS production system environment.

• HKCC, either itself or through its subcontractors, shall use its reasonable endeavors to maintain and support the services of DCASS and the Software.

• HKCC reserves the right to approve any applications to be used in connection with DCASS and to charge HKCC Participant such fees as HKCC may consider appropriate in approving and validating such applications and modifications thereto.

More Definitions of DCASS

DCASS means the Derivatives Clearing and Settlement System which serves as a single clearing and settlement system for both the HKCC and SEOCH;

DCASS means the Derivatives Clearing and Settlement System operated by HKCC and SEOCH and accessed exclusively through DCASS Online and DCASS API;

DCASS means the Derivatives Clearing and Settlement System operated by HKCC and the SEOCH from time to time;

DCASS means the Derivatives Clearing and Settlement System operated by SEOCH and HKFE Clearing Corporation Limited; “Exchange Traded Option Business” has the meanings ascribed thereto under the Rules and Regulations of the Exchange and the Options Trading Rules;

DCASS means the Derivatives Clearing and Settlement System operated by HKCC and the SEOCH; "Deficit" means the negative balance in any Account whatsoever and howsoever arising from time to time;

DCASS means the Derivatives Clearing and Settlement System operated by the Clearing House and SEOCH; “DCASS Agreement” means the subscription and license agreement in such form as may be prescribed by the Clearing House from time to time and which is entered into between the Clearing House and an HKCC Participant entitling the HKCC Participant to participate in DCASS in accordance with Chapter IX; “DCASS User Guide” means the manual entitled “DCASS User Guide” relating to the operation of DCASS via online access, as amended from time to time by the Clearing House; “Default Information” means any information provided by the Clearing House to a Receiving HKCC Participant relating to a Defaulting HKCC Participant including any information given relating to any action carried out pursuant to Rule 510; “Defaulter” means a Defaulting HKCC Participant which has been declared as a Defaulter by the Clearing House pursuant to Rule 510; “Defaulting HKCC Participant” means an HKCC Participant that gives rise to an event of default pursuant to Rule 509; “Deliverable Metal” means, in respect of a Physically Settled Metal Futures Contract, the metal

DCASS means the Derivatives Clearing and Settlement System, which is the computerized book-entry clearing and settlement system for options transactions effected on The Stock Exchange of Hong Kong Limited and futures transactions effected on the HKFE, and which is operated by SEHK Options Clearing House Limited and the Clearing House;