General Clearing Participant definition

General 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 Clients or for Trading Participants;
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General Clearing Participant or “GCP” means a Participant admitted to participate in CCASS as a General Clearing Participant;
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Examples of General Clearing Participant in a sentence

  • In the event the entity submitting this document is both a Trading Participant and a General Clearing Participant, no deletion is required and a single document may be submitted.

  • In discharging the obligations under the said Rule, a General Clearing Participant must, amongst others, comply with the requirements set out below.

  • In discharging the obligation under the said Rule, a General Clearing Participant must, amongst others, comply with the requirements set out below.

  • Section 108 of the Act applies as if those accounting records and other records were accounting records required by that section to be kept by the General Clearing Participant.

  • The General Clearing Participant and the Client are not allowed to amend, vary, add or substitute etc.

  • For the avoidance of doubt, this Directive shall not be construed so as to authorise the General Clearing Participant to deposit Clients’ securities with the Clearing House for the purpose of the General Clearing Participants’ Margin payment to the Clearing House where the Memorandum of Deposit has not been executed by the Clients.

  • A General Clearing Participant and Registered Person must immediately notify the Clearing House in writing upon becoming aware of any of the above circumstances.

  • A General Clearing Participant must keep accounting records and any other records that are required by paragraphs 8.1(13) and (14) to be kept by the General Clearing Participant, in accordance with the provisions of section 108 of the Act.

  • The General Clearing Participant must notify the relevant Trading Participant of the Client’s failure to comply with the relevant margin requirements.

  • A General Clearing Participant must take all reasonable steps to verify, by reliable means, the potential Client’s identity and the authenticity of the application before a General Clearing Participant opens an account for such person.

Related to General Clearing Participant

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

  • 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.

  • 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.

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

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

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

  • 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;

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

  • 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.

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

  • 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.

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

  • 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.

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

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

  • 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.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • 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.

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

  • 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.

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

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

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

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).