Direct Clearing Participant definition

Direct Clearing Participant means a Clearing Participant authorised to clear Trades which have been dealt for its own account or have been concluded for the account of its Clients;
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Direct Clearing Participant means a Person that submits trades for clearing at Eris Clearing on behalf of its own account(s), has completed a Clearing Participant Agreement and has been granted clearing privileges by the Clearinghouse.
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Direct Clearing Participant means a “Direct Clearing Participant” as defined in and has
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Examples of Direct Clearing Participant in a sentence

  • The Direct Clearing Participant Deposit is in addition to and independent of any other sums payable to the Clearing House by the Direct Clearing Participant.

  • The Trustee believes that protecting the Open Fund’s investments from such risks will protect and enhance the long-term value of investments.

  • A Direct Clearing Participant remains accountable for all outsourced Clearing functions and will be held liable for any act or omission on the part of the Service Provider which results in a breach of these Rules.

  • The Direct Clearing Participant must have in place an insurance policy to protect it against any liability, loss or damage arising from any action or omission of the Service Provider in performing the said Clearing functions.

  • If the value of a Direct Clearing Participant’s Direct Clearing Participant Deposit falls below RM500,000 or such higher amount as the Clearing House may have required from that Clearing Participant under Rule 3.16(1), the Direct Clearing Participant must provide the deficit in the form of cash and/or Approved Collateral within such time as the Clearing House specifies.

  • If the Clearing House makes such a request to a Direct Clearing Participant, the Direct Clearing Participant must lodge the additional amount in the form of cash and/or Approved Collateral within such time as the Clearing House determines.

  • The Clearing House may invest, manage and mobilise all cash received in respect of Direct Clearing Participant Deposits in such manner as the Clearing House deems fit or expedient.

  • A Direct Clearing Participant which outsources its Clearing functions to a Service Provider must comply with the conditions set out in this Rule 4.20.

  • The Direct Clearing Participant must ensure that the Clearing House or its agent has, at all times, access to and is allowed to make copies of the Books of the Direct Clearing Participant or the Service Provider.

  • A Direct Clearing Participant must notify the Clearing House within 2 weeks from the signing of the relevant agreement(s) setting out the terms and conditions of the outsourcing arrangement, including where applicable, the agreement setting out the terms and conditions for sub- contracting its Clearing functions to another Service Provider (“relevant service level agreement(s)”).

Related to Direct Clearing Participant

  • Clearing Participant means a bank or any person who submits a cheque, IBG or FAST to the Clearing House for clearing;

  • Reporting Participant means a Participant who is subject to the reporting requirements of Section 16 of the Exchange Act.

  • 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.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • 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.

  • Market Participant means a Market Buyer, a Market Seller, an Economic Load Response Participant, or all three, except when such term is used in Tariff, Attachment M, in which case Market Participant shall mean an entity that generates, transmits, distributes, purchases, or sells electricity, ancillary services, or any other product or service provided under the PJM Tariff or Operating Agreement within, into, out of, or through the PJM Region, but it shall not include an Authorized Government Agency that consumes energy for its own use but does not purchase or sell energy at wholesale.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

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

  • Requesting Participant means a Participant initiating an RFQ.

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

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

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

  • 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.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Study Participant means a person recruited to participate in the Study.

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand. Economic Maximum:

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform Rights Document means a document containing the information of the maximum amount of allocated Physical Transmission Rights (identified by CAI) that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Daily Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document. Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;

  • L/C Participant shall have the meaning provided in Section 3.3(a).

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

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • 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.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;