OTC Clearing definition

OTC Clearing means the OTC Clearing Hong Kong Limited;
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Examples of OTC Clearing in a sentence

  • Programmable interface to automatically access, enter and modify OTC Clearing Data in the Clearing EDP.

  • OTC Clearing Member is not acting as a fiduciary for or an adviser to Customer in respect of the Transactions.

  • Prior to submitting an OTC Transaction for clearance and settlement through Customer’s Account with OTC Clearing Member, Customer will have entered into all necessary agreements to enter into such OTC Transactions, either in the OTC market or on or subject to the rules or trading protocols of the relevant Trading Platform, and obtained any approval, authorization, license or permit required by Applicable Law to perform its obligations attendant to this CME-Cleared OTC Addendum.

  • It is not relying on any communication (written or oral) of OTC Clearing Member as investment advice or as a recommendation to enter into and clear the OTC Transactions.

  • Please Read The Terms And Conditions Below For Our Provision Of OTC Clearing Services.

  • OTC Clearing Member is a CME Clearing Member and an OTC Clearing Member (as such terms are defined in the CME Rules).

  • OTC Clearing Member is not suspended or expelled from membership in the CME or disqualified with respect to membership or participation in any U.S. futures self-regulatory organization.

  • The word " will" shall be construed to have the same meaning and effect as the word " shall".

  • If Customer defaults in the performance of any obligation required to be settled by delivery, it will compensate OTC Clearing Member on demand if, and to the extent, provided for in the terms of the relevant Transaction or elsewhere in the Agreement.

  • Accordingly you agree to these terms and conditions forming part of the terms of the Customer Agreement executed by you as if the transactions to be covered under such Agreement were also to include our providing to you OTC Clearing services for the clearing of OTC transactions through the relevant Trade Registration System by ourselves or a relevant CB and not merely acting as a broker and/or clearing agent for you with respect to Commodities Contracts.