Direct Clearing Member definition
Examples of Direct Clearing Member in a sentence
The ISA Direct Clearing Member [and the Third Party Pledge Holder, to the extent relevant in the case of Luxembourg ISA Direct Pledged Securities Account(s) in the name of the Third Party Pledge Holder,] hereby undertake to issue all relevant notices to and obtain all relevant acknowledgements from CBL for the perfection of such pledge, as further set out in Schedule 1 [and Schedule 2] hereto[, as applicable].
The ISA Direct Clearing Member [and the Third Party Pledge Holder, to the extent relevant in the case of CmaX ISA Direct Luxembourg Pledged Securities Account(s) in the name of a Third Party Pledge Holder,] hereby undertake to issue all relevant notices to and obtain all relevant acknowledgements from CBL for the perfection of such pledge, as further set out in Schedule 1 [and Schedule 2] hereto[, as applicable].
The ISA Direct Clearing Member, Eurex Clearing AG and the Clearing Agent have entered or will enter into a Clearing Agreement in the form as appended to the Clearing Conditions as Appendix 10 (as the same may have been or will be amended from time to time, the “ISA Direct Clearing Agreement”).
In allocating net earnings to its Members, the Corporation shall use at least two allocation units, namely a Full Service Member allocation unit and a Direct Clearing Member allocation unit for earnings attributable to its ▇▇ ▇▇▇▇▇, L.L.C. subsidiary.
This requirement shall not apply to any General or Direct Clearing Member that has terminated its Clearing License by means of a written statement to Eurex Clearing AG no later than on the fifth Exchange day following such realisation.
AG shall notify the ISA Direct Clearing Member of a release of any of the pledges granted pursuant to Clauses 2.2 to 2.54.
The Member is a Direct Clearing Member General Clearing Member of the Clearing House.
The Clearing Member is an Exchange Member of Wiener Börse AG in its function as a securities exchange and enters into this agreement for the purpose of participating, be it as a Direct Clearing Member (DCM) or as a General Clearing Member (GCM), in the clearing of exchange transactions and/or transactions on the Third Market in CCP-eligible securities respectively (hereinafter referred to as ‘transactions’).
AG shall notify the ISA Direct Clearing Member of a release of any of the pledges granted pursuant to Clauses 2.2 to 2.5. If a release of any of such pledges occurs as a matter of law, such notification shall only constitute a confirmation of the release as a matter of record.
The Clearing Member is an Exchange Member of Wiener Börse AG in its function as a securities exchange and enters into this Agreement for the purpose of participating, be it as a Direct Clearing Member (DCM) or as a General Clearing Member (GCM), in the clearing of exchange transactions and/or transactions on the Third Market in CCP-eligible securities respectively (hereinafter referred to as ‘transactions').