Omnibus Client Position Account definition

Omnibus Client Position Account means Net Omnibus Client Position Account and Gross

Examples of Omnibus Client Position Account in a sentence

If the Liquidation Amount of the Omnibus Client Position Account or the Omnibus Indirect Client Position Account is a negative amount, the Clearing Participant shall owe such amount to EuroCCP.

EuroCCP offers Position Accounts (House Position Account, Omnibus Client Position Account and Individual Client Position Account) and sub accounts of the Position Accounts.

If the Liquidation Amount of an Omnibus Client Position Account or an Omnibus Indirect Client Position Account is a positive amount, EuroCCP shall pay it to those clients when they are known to EuroCCP or, if they are not, to the Clearing Participant for the account of those clients, provided the relevant security arrangements are in place.

Related to Omnibus Client Position Account

Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Board means the Board of Directors of the Company.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.