FICC Rules definition
Examples of FICC Rules in a sentence
Clearing Member hereby accepts such appointment to act as processing agent for Customer under the Sponsored Membership Agreement, this Agreement, and the FICC Rules and to accept and deliver securities and cash on behalf of Customer in connection with any Sponsored Member Trade.
Clearing Member may require Customer to post margin in an amount not less than the Segregated Customer Margin requirement in respect of Customer’s Cleared Transactions under FICC Rules.
Clearing Member’s rights and remedies following a Customer Default shall include a right to terminate, liquidate, and exercise other rights or remedies available to Clearing Member pursuant to the FICC Rules with respect to the Customer Agent Clearing Transactions.
In the event of any inconsistency between the Amendment or the FICC Clearing Agreement and the FICC Rules, the FICC Rules shall prevail solely with respect to the Cleared Transactions.
As used in the preceding sentence, the term “Clearing Organization” means FICC, CME, and Other COs. The liability of CME and FICC to any Cross-Margining Participant, Cross-Margining Affiliate or third party shall be as further provided in the CME Rules and the FICC Rules.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Member agrees to be bound by the FICC Rules and the NYPC Rules applicable to Clearing Members participating in cross-margining arrangements and by the provisions of the Cross-Margining Agreement, as the foregoing may be in effect from time to time.