Examples of Relevant Clearing Participant in a sentence
Any amount in excess of the Dynamic Contribution Credit allowed to the Relevant Clearing Participant shall be borne by the Relevant Clearing Participant by way of the Dynamic Contribution required from it.
Relevant Clearing Participant has the meaning given to that term in the NZX Participant Rules.
In the case of a Relevant Clearing Participant, HKSCC shall have the right (without prejudice to any other rights it may have) to retain, and not to return, such Contributions or any part thereof as cover for any contingent liability of the Relevant Clearing Participant under Rules 2507, 2507A, 2508 and 2509.
The Clearing and Settlement Terms of the seller will become the Clearing and Settlement Obligations of the Seller’s Relevant Clearing Participant.
HKSCC will notify the Relevant Clearing Participant and demand for replenishment of such deficiency of Contributions in the notice of application to the Relevant Clearing Participant.