NYPC definition

NYPC has the meaning set forth in the preamble.
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Examples of NYPC in a sentence

  • NYPC shall promptly provide a written statement to FICC which sets forth such calculations in reasonable detail.

  • Each such notice shall be directed as follows: If to FICC: [Title] Telephone: [●] Facsimile: [●] If to NYPC: Chief Executive Officer Telephone: [●] Facsimile: [●] In case of the absence or unavailability of any officer named above, telephone calls shall be directed to another individual who has been designated in writing by the Clearing Organizations as authorized to receive such telephone calls.

  • By entering into this Cross-Margining Participant Agreement (this “Agreement”), Member hereby elects to become a Cross-Margining Participant for purposes of the NYPC Cross- Margining Agreement between FICC and NYPC dated [⚫], 2010 (as amended, modified, or supplemented from time to time, the “Cross-Margining Agreement”).

  • The Administrator shall not, without the express consent of NYPC, exercise any authority contained in its Rules to reject a transaction effected in any Set of Clearing Member Cross-Margining Accounts (whether a purchasing or selling transaction) that was reported to the Administrator in a report of matched trades); provided, that any such report shall contain all of the data, and is submitted in the form and manner customarily required, by the Administrator for transactions of such type.

  • FIXED INCOME CLEARING CORPORATION By: [Title/name] NEW YORK PORTFOLIO CLEARING, LLC By: [Title/name] NYPC Cross-Margining Agreement The undersigned (“Member”) is a Clearing Member of Fixed Income Clearing Corporation (“FICC”) and a Clearing Member of New York Portfolio Clearing, LLC (“NYPC”).

  • FICC and NYPC shall each determine which of its Clearing Members is eligible to become a Cross-Margining Participant; provided that in order to become a Cross-Margining Participant, a Clearing Member must be a Joint Clearing Member or be an Affiliate of a Clearing Member of the other Clearing Organization that such other Clearing Organization has determined to be eligible to be a Cross-Margining Participant.

  • Member acknowledges and agrees that either FICC or NYPC may terminate, suspend or otherwise cease to act for Member in accordance with the applicable Rules and that, in such an event, FICC and NYPC may liquidate Member’s Clearing Member Cross-Margining Accounts and any assets held in the Clearing Member Cross-Margining Accounts on behalf of such Member in accordance with the Cross-Margining Agreement and the Rules.

  • FICC shall notify NYPC, and NYPC shall notify FICC, of the amount of its own Cross-Margin Gain or Cross-Margin Loss and Net Gain or Net Loss and, in such detail as may reasonably be requested, the means by which such calculations were made.

  • 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.

  • NYPC may terminate this Agreement immediately upon notice to FICC in the event that FICC fails to maintain in effect its registration with the SEC as a securities clearing agency.

Related to NYPC

  • TWC means The Will▇▇▇▇ ▇▇▇panies, Inc., a Delaware corporation.

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.

  • CME means CME Group Benchmark Administration Limited.

  • Comcast means Comcast Corporation, a Pennsylvania corporation.

  • Digital Cross Connect System or "DCS" is a function which provides automated Cross Connection of Digital Signal Level 0 (DS0) or higher transmission bit rate digital channels within physical interface facilities. Types of DCS include but are not limited to DCS 1/0s, DCS 3/1s, and DCS 3/3s, where the nomenclature 1/0 denotes interfaces typically at the DS1 rate or greater with Cross Connection typically at the DS0 rate. This same nomenclature, at the appropriate rate substitution, extends to the other types of DCS specifically cited as 3/1 and 3/3. Types of DCS that cross connect Synchronous Transport Signal level 1 (STS-1 s) or other Synchronous Optical Network (SONET) signals (e.g., STS-3) are also DCS, although not denoted by this same type of nomenclature. DCS may provide the functionality of more than one of the aforementioned DCS types (e.g., DCS 3/3/1 which combines functionality of DCS 3/3 and DCS 3/1). For such DCS, the requirements will be, at least, the aggregation of requirements on the "component" DCS. In locations where automated Cross Connection capability does not exist, DCS will be defined as the combination of the functionality provided by a Digital Signal Cross Connect (DSX) or Light Guide Cross Connect (LGX) patch panels and D4 channel banks or other DS0 and above multiplexing equipment used to provide the function of a manual Cross Connection. Interconnection is between a DSX or LGX to a Switch, another Cross Connection, or other service platform device.