Derivatives Clearing Infrastructure definition
Derivatives Clearing Infrastructure means UCS Derivatives, i.e the clearing system developed and currently operated by LCH.Clearnet SA for Clearing Services rendered to Clearing Members for transactions in Derivatives traded on Trading Facilities (including the Euronext Markets), or the successor clearing infrastructure used for Cleared Financial Instruments agreed upon between the Parties as the clearing infrastructure to be used by LCH.Clearnet SA to render the Clearing Services;
Examples of Derivatives Clearing Infrastructure in a sentence
LCH.Clearnet SA acknowledges that, since availability of the Services is critical to the Euronext Market Undertakings’ business, the Derivatives Clearing Infrastructure shall be reliable and provide sufficient operational performance to render the Services.
Based on the PPSI, the Euronext Derivatives Steering Committee will discuss the potential impact of the PPSI on the Derivatives Clearing Infrastructure, IT systems interoperating with the Derivatives Clearing Infrastructure as well as resources and Euronext Product Development Resources who may be needed in light of the PPSI.