EquityClear Clearing Client definition

EquityClear Clearing Client means, in respect of EquityClear Client Clearing Business,
Sample 1

Examples of EquityClear Clearing Client in a sentence

  • An EquityClear Clearing Member's position and financial information are further identified by a single character code: C for EquityClear Clearing Client Business; and H for EquityClear Clearing House Business.

  • The H account is obligatory, the C account will be used in respect of any EquityClear Clearing Member which engages in EquityClear Clearing Client Business.

  • Prescribed Language and End-User NoticePursuant to the Clearing House's General Regulations, each EquityClear Clearing Member is required to ensure that it includes certain language in its agreement with its EquityClear Clearing Client (the " Clearing House Prescribed Language").

  • Note: The appointment by an EquityClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that EquityClear Contracts will always be transferred to that Backup Clearing Member.

  • An EquityClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the EquityClear Contracts entered into by a EquityClear Clearing Member on its behalf, in accordance with the Client Clearing Annex.

  • Where, following the Default of a EquityClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a EquityClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Account Balances to that appointed Backup Clearing Member.

  • An EquityClear Clearing Member agrees that the Clearing House is permitted, after the Default of such EquityClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and EquityClear Clearing Client of such EquityClear Clearing Member, to each Backup Clearing Member appointed by such EquityClear Clearing Client in respect of the EquityClear Service.

  • An EquityClear Clearing Client may, at any time, appoint one or more Backup Clearing Member(s) in respect of the EquityClear Service, for the purpose of porting EquityClear Contracts entered into by an EquityClear Clearing Member on its behalf and corresponding Account Balance(s), in accordance with the Client Clearing Annex.

  • The Clearing House will determine whether a Client to Client Porting or a Direct Account Opening is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances and published on its website in relation to the relevant EquityClear Clearing Client.

Related to EquityClear Clearing Client

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • 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.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • 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.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • 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.

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

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Fiscal Intermediary means any qualified insurance company or other Person that has entered into an ongoing relationship with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other federal, state or local public health care or medical assistance program pursuant to any of the Health Care Laws.

  • 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.

  • Common Depository has the meaning specified in Section 304(b).

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Global warming potential means how much a given mass of a chemical contributes to global warming over a given time period compared to the same mass of carbon dioxide. Carbon dioxide's global warming potential is defined as 1.0.

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • Book-Entry Capital Security means a Capital Security, the ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Global Capital Security means a Capital Securities Certificate evidencing ownership of Book-Entry Capital Securities.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Common Depositary has the meaning specified in Section 304.