SAFCOM definition

SAFCOM means Safex Clearing Company (Proprietary) Limited, licensed by the Registrar as a clearing house in terms of the Act;
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SAFCOM means Safex Clearing Company (Proprietary) Limited, licensed by the
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SAFCOM means any regulation which may be made by the Minister under section of the Act;means the of South Africa;[means any resolution adopted in terms of these rules by theJSE to implement these Yield-X rules;] means Clearing Company (Proprietary) Limited, [recognised] licensed by the Registrar as a clearing house in terms of the Act; -
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Examples of SAFCOM in a sentence

  • The FSB has broad regulatory authority over the JSE, (including SAFCOM, its clearance and settlement subsidiary), Strate, financial advisors and intermediaries (FAIS), collective investment scheme (CIS) operators, pension funds and insurance companies.

  • SAFCOM, a wholly owned subsidiary of the JSE, is a licensed clearinghouse for derivatives listed on the JSE.

  • However, the JSE’s subsidiary (SAFCOM) operates a licensed clearing house for the JSE’s listed derivative contracts and has recently been certified as a qualifying central counterparty (CCP) for exchange-traded contracts.14Approach to reforms The National Treasury, SARB and the FSB-SA have initiated their response to the G20 commitments and FSAP/ROSC recommendations on OTC derivatives.

  • An outline is provided in SAFCOM (2013) on the JSE and SAFEX methodology for calculating margins.

  • In order to protect itself from non-performance, SAFCOM employs a process known as margining.

  • To ensure that integrity of all trading accounts and payments in the financial system, UB system is firmly in place.Subsequently in December 2012, the Johannesburg Stock Exchange and its CCP, SAFCOM, also implemented a ‘UB’ system and portfolio margining at the individual client level.

  • Simultaneously, SAFCOM also adopted a central counterparty (CCP) clearing model and became compliant with the CPSS-IOSCO guidelines as provided in the publication, ‘Principles of Financial Markets Infrastructure’ dated April 2012.The risk of not having such a system is that CMs mix (‘’comingle’’, in the vernacular) their funds with those of their clients and use the money for other purposes, such as funding other clients or like investing in Italian or Greek debt, as it happened in the case of MF Global.

  • While derivatives used to be settled via SAFCOM, they are now settled via JSE Clear, as illustrated in figure 2.2. Figure 2.2: South African financial market infrastructure transaction flows71 2.7 DERIVATIVE BUILDING BLOCKS The absence of a statutory definition appears to be a pernicious legacy of a bygone era of federal taxation … when the rustic simplicity of the label … was sufficient.72 Forwards and options are the building blocks upon which all derivatives are constructed.

  • The resources originally requested in the SAFCOM briefing were not secured and the scoping exercise commenced with Detective Inspector A as the senior investigating officer (SIO), three detective constables and a field intelligence officer.

  • The data used for the graph is based on the baseline survey done by PriceWaterhouseCoopers 2013behaviour, market inefficiencies, causes thereof, and potential impact on market participants on SAFEX.While SAFCOM (2013) confirms similar margin levels are set for long and short positions, SAFEX contract returns have not been confirmed as symmetric in literature.


More Definitions of SAFCOM

SAFCOM means SAFEX Clearing Company (Proprietary) Limited, recognised by the Registrar as the clearing housein terms of the Act;
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Related to SAFCOM

  • NOFA means a Notice of Funding Availability issued by the Department.

  • aepaccmeצc means the department of public health.

  • UNICEF means the subsidiary organ of the United Nations established by the General Assembly pursuant to resolution 57(I) of 11 December 1946.

  • TDSAT means Telecom Dispute Settlement and Appellate Tribunal, New Delhi.

  • MDV means medium-duty vehicles.

  • Subscriber Management System means a system or device which stores the subscriber records and details with respect to name, address and other information regarding the hardware being utilized by the subscriber, channels or bouquets of channels subscribed by the subscriber, price of such channels or bouquets of channels as defined in the system, the activation or deactivation dates and time for any channel or bouquets of channels, a log of all actions performed on a subscriber’s record, invoices raised on each subscriber and the amounts paid or discount allowed to the subscriber for each billing period, and which complies with the requirements as set out under Annexure D of this Agreement;

  • MP means Monongahela Power Company, an Ohio corporation.

  • Sprint means a set period of time during which specific work is realized and made ready for review.

  • EPG means electronic program guide maintained by a DPO on its Digital Distribution Platform which lists the television channels and programs, and scheduling and programming information therein and includes any enhanced electronic guide that allows Subscribers to navigate and select such available channels and programs.

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • SDSL or "Symmetric Digital Subscriber Line" is a baseband DSL transmission technology that permits the bi-directional transmission from up to 160 kbps to 2.048 Mbps on a single pair. "VDSL" or "Very High Speed Digital Subscriber Line" is a baseband DSL transmission technology that permits the transmission of up to 52 Mbps downstream (from the Central Office to the End User Customer) and up to 2.3 Mbps digital signal upstream (from the End User Customer to the Central Office). VDSL can also be 26 Mbps symmetrical, or other combination.

  • Mobility means the ability to move indoors from room to room on level surfaces.

  • AWS means Cloud computing service "Amazon Web service" provided by Amazon Web Services, Inc. ( "AWS company").

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • CSC means the Civil Service Commission of the City and County of San Francisco.

  • SAIC means the State Administration of Industry and Commerce of the PRC or its local branches as appropriate to the context.

  • 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.

  • Antiperspirant means any product including, but not limited to, aerosols, roll-ons, sticks, pumps, pads, creams, and squeeze-bottles, that is intended by the manufacturer to be used to reduce perspiration in the human axilla by at least 20 percent in at least 50 percent of a target population.

  • snippetLinks [{"key":"specifically","type":"clause","offset":[20,32]},{"key":"provided-herein","type":"clause","offset":[33,48]},{"key":"at-the-closing","type":"clause","offset":[50,64]},{"key":"the-parties-shall","type":"clause","offset":[65,82]},

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • ATC means a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • OEM means Original Equipment Manufacturer.

  • HMIS means the Homeless Management Information System, which is a client-level data collection and management system implemented at the community level that allows for better coordination among agencies providing services to clients.

  • GT means grams per tonne.

  • Network User means each natural or legal person having concluded a Standard Transmission Agreement with the TSO for Transmission Services in the Transmission Grid.

  • SADC means the Southern African Development Community;