Defaulting Clearing Participant definition

Defaulting Clearing Participant means a Clearing Participant determined by JSCC to be in Default, and when Defaulting Clearing Participant is acting for a Customer, it may also be referred to as “Defaulting Clearing Broker”;
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Defaulting Clearing Participant means a Clearing Participant for which JSCC has determined the Default, Etc.
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Defaulting Clearing Participant means a Clearing Participant in Default.
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Examples of Defaulting Clearing Participant in a sentence

  • The Fixed Amounts, the Floating Payments and other amounts of money which should have been paid or received between JSCC and the Defaulting Clearing Participant if there is no Compulsory Termination of the Clearing Contracts of Defaulting Clearing Participant (excluding the Variation Margins and the amount set forth in c.

  • In the case where the Resulted Net Amount is a negative value, the amount equal to the absolute value of the Resulted Net Amount shall be the total amount of the Early Termination Fees payable to the Defaulting Participant by JSCC for the Clearing Contracts of Defaulting Clearing Participant.

  • In the case where the amount equivalent to the loss from the Clearing Contracts of Defaulting Clearing Participant (which means the positive (and shall only be a positive and not negative) value of the sum total of the balance of the total amount of the Variation Margin, etc.

  • The amount of the Third Tier Special Clearing Charge to be contributed by the Participant Bearing Third Tier Special Clearing Charge whose bid on the Subject Transactions for Auction in the Auction for Default Settlement related to the relevant Defaulting Clearing Participant was successful: The amount obtained by prorating the amount of the Aggregate Loss subject to Clearing Fund Requirement Proration remaining after deducting the sum total of the amounts set forth in a.

  • The counterparty to the Hedge Transaction to be implemented by JSCC in accordance with Article 94 of the Business Rules shall be a Clearing Participant who is not a Defaulting Clearing Participant.

  • Date and time and the details of Default Settlement Drill (meaning the drill to conduct restructuring of JSCC’s positions along with the termination of Clearing Contracts of Defaulting Clearing Participant in the case of determination of the Default, etc.

  • In the case where the Resulted Net Amount is a negative value, the amount equivalent to the absolute value of the Resulted Net Amount shall be the total amount of the Early Termination Fees payable to the Defaulting Participant by JSCC for the Clearing Contracts of Defaulting Clearing Participant.

  • The Early Termination Fee shall be paid by the Defaulting Clearing Participant to JSCC in the case where the Resulted Net Amount is a positive value and by JSCC to the Defaulting Clearing Participant in the case where the Resulted Net Amount is a negative value.

  • In this case, the Variation Margins paid and received between JSCC and the Defaulting Clearing Participant with regard to the Relevant Clearing Contract (Customer Account) shall be appropriated to the payment of the obligations with regard to the Early Termination Fees as a matter of course without either the actual return of the Variation Margins or the actual payment and receipt of the Early Termination Fees.

  • For the purpose hereof, “excess collateral” means the Initial Margin, the Variation Margin, the CDS Clearing Fund, the Default Contingent Margin and the Special Clearing Charge Collateral of which the Defaulting Clearing Participant has the right to claim return from JSCC in connection with CDS Clearing Business, that remains after appropriation to the payment of the Defaulting Clearing Participant’s obligations in accordance with these Business Rules, etc.


More Definitions of Defaulting Clearing Participant

Defaulting Clearing Participant means a Clearing Participant whose Default, etc.
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Related to Defaulting Clearing Participant

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Defaulting Entity shall have the meaning set forth for such term in Section 6.02(a) hereof. “Deficiency Amount” shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Depositary Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book-entry transfers and pledges of securities deposited with the Depositary.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Participant has the meaning specified in Section 10.06(d).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Other Participant means a cooperative project participant other than the United States.