Proprietary Member definition

Proprietary Member means a member who can transact or clear on its own account or on account of its affiliates or associates, but not on account of anyone else;
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Proprietary Member means a Member who is a grid connected entity and shall include distribution licensee, generator, end user and open access consumer; Proprietary Member shall have right to trade electricity contracts for its own account, and clear the same Contracts through the Clearing House as a Clearing Member. The Proprietary member shall also be entitled to undertake transaction on the Renewable Energy Certificates and Energy Saving Certificates.
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Proprietary Member means a Member who is a grid connected entity and shall include distribution licensee, generator, end user, open access consumer, eligible entity and obligated entity; Proprietary Member shall have right to trade electricity contracts for its own account, and clear the same Contracts through the Clearing House as a Clearing Member.
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Examples of Proprietary Member in a sentence

  • The “ Proprietary Member Unit” will hold all accounts belonging to the Clearing Member and its Related Customers, whereas the “Customer Member Unit” will hold all accounts belonging to the Clearing Member’s Customers.

  • Initial Margin and Delivery Margin requirements will be calculated for all Position Accounts in the Proprietary Member Unit and the Customer Member Unit, using the SPAN® algorithm.

  • A Clearing Member may maintain several accounts (each, a “ Position Account”) under its respective Proprietary Member Unit and the Customer Member Unit for the holding of Open Positions.

  • The APEX Clear System allows Clearing Members to transfer Open Positions held in Position Accounts registered or maintained within the Customer Member Unit or Proprietary Member Unit of a Clearing Member, as well as transfer Open Positions held in the name of a Clearing Member to another Clearing Member.

  • The Position Accounts under the Proprietary Member Unit will be mapped to the relevant Proprietary Collateral Account while the Position Accounts under the Customer Member Unit will be mapped to the relevant Customer Collateral Account, as per the account structure presented in Table A.

  • The Clearing House shall calculate for each Clearing Member the potential stress losses arising across all of its Position Accounts (including the Position Accounts in the Proprietary Member Unit and Customer Member Unit), using such historical and theoretical market scenarios as the Clearing House may deem appropriate.

  • The APEX Clear System allows Clearing Members to transfer or split Trades between different Position Accounts, provided that these Position Accounts are opened under the Proprietary Member Unit or Customer Member Unit of the same Clearing Member.

  • These Member shall have the right to trade and clear on its own account or on account of its affiliates or associates as its Clients, but not account of anyone else.Client: An entity who has been registered with the Exchange through a Trading & Clearing Member or Proprietary Member as a Buyer/Seller.

  • In respect of transactions executed on the Exchange, a Proprietary Member and the Trader Member shall be entitled to self-clearing or may have an agreement with one or more Clients for clearing of their executed transactions.

  • Proprietary Member: Any person who is a distribution licensee or a deemed distribution licensee or a grid connected entity and admitted as a member of the Power Exchange shall be called a Proprietary Member.


More Definitions of Proprietary Member

Proprietary Member means a member who can transact and clear their own account only. It may also transact on behalf of their affiliate entities.
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Proprietary Member means a person who is a grid connected entity and shall include distribution licensee, deemed distribution licensee, generator, end user, open access consumer, eligible entity and obligated entity and admitted to the Exchange as per Regulation 21(1)(b) of the CERC (Power Market) Regulations,2021 Proprietary Member shall have right to trade contracts for its own account, and clear the same Contracts through the Clearing House as a Clearing Member.
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Proprietary Member means an owner, shareholder, or partner of an insured entity.
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Proprietary Member means and refer to those persons entitled to membership as provided in the Declaration.
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Related to Proprietary Member

  • Proprietary medicine means a completely compounded nonprescription drug in its unbroken,

  • Proprietary Information shall have the same meaning as Confidential Information.

  • Proprietary Data means Data embodying trade secrets developed at private expense or commercial or financial information that is privileged or confidential, and that includes a restrictive notice, unless the Data is:

  • Proprietary means goods or services of a specialized nature, that may be made or marketed by a person or persons having the exclusive right to make or sell them, when the need for such goods or services has been certified in writing by the Board to be necessary for the conduct of its affairs.

  • Confidential Information has the meaning set forth in Section 6.1.

  • Confidential and Proprietary Information means any information that is classified as confidential in the Firm’s Global Policy on Confidential Information or that may have intrinsic value to the Firm, the Firm’s clients or other parties with which the Firm has a relationship, or that may provide the Firm with a competitive advantage, including, without limitation, any trade secrets; inventions (whether or not patentable); formulas; flow charts; computer programs; access codes or other systems information; algorithms; technology and business processes; business, product or marketing plans; sales and other forecasts; financial information; client lists or other intellectual property; information relating to compensation and benefits; and public information that becomes proprietary as a result of the Firm’s compilation of that information for use in its business, provided that such Confidential and Proprietary Information does not include any information which is available for use by the general public or is generally available for use within the relevant business or industry other than as a result of your action. Confidential and Proprietary Information may be in any medium or form, including, without limitation, physical documents, computer files or discs, electronic communications, videotapes, audiotapes, and oral communications.

  • Proprietary Interest means any legal, equitable or other ownership, whether through stock holding or otherwise, of an interest in a business, firm or entity; provided, that ownership of less than 5% of any class of equity interest in a publicly held company shall not be deemed a Proprietary Interest.

  • Contractor's Confidential Information means any information, however it is conveyed, that relates to the business affairs, developments, trade secrets, know-how, Contractor’s Personnel and suppliers of the Contractor, including IPRs, together with all information derived from the above, and any other information clearly designated as being confidential (whether or not it is marked as "confidential") or which ought reasonably to be considered to be confidential, including the Commercially Sensitive Information.

  • Company Confidential Information means all confidential or proprietary documents and information concerning the Target Companies or any of their respective Representatives, furnished in connection with this Agreement or the transactions contemplated hereby; provided, however, that Company Confidential Information shall not include any information which, (i) at the time of disclosure by the Purchaser or its Representatives, is generally available publicly and was not disclosed in breach of this Agreement or (ii) at the time of the disclosure by the Company or its Representatives to the Purchaser or its Representatives was previously known by such receiving party without violation of Law or any confidentiality obligation by the Person receiving such Company Confidential Information.

  • Business Confidential Information has the meaning set forth in Section 5.04(a).

  • Customer Confidential Information means Confidential Information of the Customer provided to Computershare.

  • Confidential Information Breach This shall mean, generally, an instance where an unauthorized person or entity accesses Confidential Information in any manner, including but not limited to the following occurrences: (1) any Confidential Information that is not encrypted or protected is misplaced, lost, stolen or in any way compromised; (2)one or more third parties have had access to or taken control or possession of any Confidential Information that is not encrypted or protected without prior written authorization from the State; (3) the unauthorized acquisition of encrypted or protected Confidential Information together with the confidential process or key that is capable of compromising the integrity of the Confidential Information; or (4) if there is a substantial risk of identity theft or fraud to the Client Agency, the Contractor, DAS or State.

  • Confidential personal information means a party’s or a party’s child’s Social Security number; date of birth; driver license number; any other names used, now or in the past; and employer’s name, address, and telephone number.