Examples of Listed Interest Rates Service in a sentence
However it should be noted that, regardless of whether or not a Joint Rates Service Clearing Member opts in, the SwapClear Service and Listed Interest Rates Service share a common default fund.
In particular, the resources of a Clearing Member that is a member of the SwapClear Service and the Listed Interest Rates Service will be made available to cover the Clearing House’s losses in a different manner to those of a Clearing Member that is only a member of one of those Services, regardless of whether that Clearing Member opts-in to the Portfolio Margining Service.
In addition, Rates Service Clearing Members and/or their parent companies and/or subsidiaries and/or fellow subsidiaries, have direct interests in the ongoing integrity of the SwapClear Service and Listed Interest Rates Service, notably as contributors to the various default funds of the Clearing House.
At a predetermined time following the close of the relevant Listed Interest Rates Service on each business day, the Clearing House will run the Portfolio Margining Calculation Tool.
Portfolio Margining The Portfolio Margining Service is an optional service available which provides portfolio-margining functionality in respect of pairs of accounts which are held in the SwapClear Service and the Listed Interest Rates Service.
This potentially enables the transfer of Eligible Listed Interest Rates Contracts between a Listed Interest Rates Service Client Account and a SwapClear Client Account, in order to reduce the amount of collateral that must be provided to LCH in respect of Contracts recorded to such Client Accounts.
The SwapClear Service and Listed Interest Rates Service share a common default fund.
At a predetermined time following the close of the relevant Listed Interest Rates Service on each business day, the Clearing House willrun the Portfolio Margining Calculation Tool.
The SwapClear Service and the Listed Interest Rates Service are combined into one single service (the “Rates Service”), which shares a common default fund and default management arrangements.
Regulation 96 to Regulation 104 apply to the Listed Interest Rates Service.