General Clearing Member ( definition
General Clearing Member (. GCM”)” means a Member Firm which is a member of the Designated Clearing House and which has entered into a relationship prescribed by the Designated Clearing House for such purposes, thereby agreeing to act in this capacity for themselves or one or more Customers;
General Clearing Member (. GCM”)” means a Member Firm which is a member of the Designated Clearing House and which has entered into a relationship prescribed by the Designated Clearing House for such purposes, thereby agreeing to act in the capacity of General Clearing Member for themselves or a client;
General Clearing Member (. : shall mean a legal person that, in the context of the System, becomes a counterparty of CC&G for Market operations on its own behalf and/or on behalf of its own Customers and/or Non-Clearing Members who use its services.
Examples of General Clearing Member ( in a sentence
Article 5 bis-Default of the General Clearing Member 5.1bis In case of default of the General Clearing Member, the Trading Client may avail itself - without the consent of the Defaulting General Clearing Member - of a Designated Clearing Member to which the Contractual Positions and relevant existing guarantees of the Trading Client shall be transferred on the terms and conditions indicated in the Regulations.
More Definitions of General Clearing Member (
General Clearing Member ( means a “Member” as defined in the General Regulations "General Procedures" means the "Procedures" as defined in the General Regulations "General Regulations" means the Clearing House's General Regulations which include the Default Rules, and Clearing House Settlement Finality Regulations, from time to time in force "General RepoClear Procedures" means Section 2B (RepoClear Service) and Sections 3 (Financial Transactions) to 8 (Complaints) of the General Rulebook "General Rulebook" means the General Regulations, Default Rules, General Procedures and other such rules of the Clearing House, as published and amended from time to time "General Securities Collateral" means “Collateral” as defined in the General Regulations that is in the form of securities "House Clearing Business" means, in respect of any Clearing Service, contracts entered into by a Clearing Member with the Clearing House on a proprietary basis and for its own account "Individual CSD-Level Segregation" means, in respect of an Authorised CSD and an account which the Clearing House has opened with such Authorised CSD, that the Clearing House holds Securities Collateral for one Clearing Member only (and no other person) in such account together with General Securities Collateral (if any) that the Clearing House holds for the same Clearing Member in its capacity as a General Clearing Member "initial margin" means an amount determined and published from time to time by the Clearing House with regard to each category of contract, in respect of which Sponsored Members may be required to transfer (or procure transfer) to the Clearing House, Collateral in accordance with these SC Regulations and the SC Procedures as a condition of registration of a contract by the Clearing House and otherwise in respect of all Contracts registered with the Clearing House, as prescribed by these SC Regulations and the SC Procedures "Insufficient Resources has the meaning assigned to it in Rule R11 of the
General Clearing Member (. : shall mean a legal person that, in the context of the System, becomes a counterparty of CC&G for Market
General Clearing Member ( means a General Clearing Member, as defined in the Clearing Conditions.
General Clearing Member ( means a Clearing Member whichwho engages in General Business;
General Clearing Member ( means a Clearing Member who has such rights and obligations as set out in Chapter 2 of the Clearing Rules
General Clearing Member ( means a member who uses the clearing services of TCH for itself, its clients, another member of TCH, or another member whom it performs the duty of clearing for.
General Clearing Member ( or “GCM” means a party that is a Member of SECDEX as further described at Rule 3;