Segregated Customer definition

Segregated Customer means a Customer of a Non-FCM/BD Clearing Member in circumstances where, whether as a result of any requirement of Applicable Law, agreement or arrangement, a customer asset segregation, client money, client asset, trust or other client asset protection regime (being more than the mere requirement arising under EMIR to distinguish from the Proprietary Account assets and positions of the Clearing Member, such as a requirement on the Clearing Member to segregate client money arising under CASS 7 of the UK FCA rules) applies as between the Customer and the Clearing Member to assets at the time immediately prior to transfer to the Clearing House as Margin for a relevant Customer Margin Account, or such other meaning as may be given to the term in the Clearing House Rules from time to time; and
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Segregated Customer means a Customer of a Clearing Participant in circumstances where, whether as a result of any requirement of Applicable Law, agreement or arrangement, a customer asset segregations, client money, client asset, trust or other client asset protection regime (being more than a requirement to distinguish Customer Account assets and positions from House Account assets and positions of the Clearing Participant) applies as between the Customer and the Clearing Participant to assets at the time immediately prior to transfer to the Corporation as Margin for a relevant Customer Margin Account.
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Segregated Customer has the meaning given to the term in the Clearing House Rules; and
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Examples of Segregated Customer in a sentence

  • The reporting of each side of the Block Trade must include the: contract, contract month, price, quantity of the transaction including quantities for each leg, buy/sell side, CTI and Regular (House) or Segregated (Customer) indicators, account number, the respective Clearing Members, the time of execution, and any other information required in accordance with MGEX Rules.

  • Giddens, Trustee For The Liquidation Of MF Global Inc., For An Order Approving The Transfer Of Certain Segregated Customer Commodity Positions And Extending The Trustee’s Authorization To Operate The Business Of MF Global Inc.

  • The term "Corresponding Contract", means an transaction arising or as referred to in Rule 401(m) between a Non-FCM/BD Clearing Member and a Segregated Customer on economic terms similar to a corresponding Non-CDS Contract recorded in the Clearing Member's Non-CDS Customer Account (except, where applicable, the position of the Clearing Member as buyer or seller).

  • Position-keeping accounts linked to a Customer Account: (all Clearing Members): (ix)(iv) S - Segregated Customer - maps to a Customer Account (including an FCM Customer Account for an FCM Clearing Member); uses a gross margin model.

  • The reporting of eachside of the Block Trade must include the: contract, contract month, price, quantityof the transaction including quantities for each leg, buy/sell side, CTI and Regular(House) or Segregated (Customer) indicators, account number, the respective Clearing Members, the time of execution, and any other information required in accordance with MGEX Rules.

  • Borrower and the other Loan Parties shall cause all amounts on deposit or investment in the Segregated Customer Funds Accounts that constitute interest income (or otherwise no longer constitute Customer Funds) to be swept on at least a quarterly basis to a Controlled Deposit Account.

  • None of Borrower or any other Loan Party nor any of their respective Subsidiaries shall deposit any funds into a Segregated Customer Funds Account or direct or permit any other Person to deposit any funds into such Segregated Customer Funds Account, other than Customer Funds.

  • Participation in either program will allow you to complete one of the modules approved for 4.0 credits toward attaining the HBMA Certified Healthcare Billing & Management Executive (CHBME) designation.

  • The reporting of eachside of the Block Trade must include the: contract, contract month, price, quantityof the transaction including quantities for each leg, buy/sell side, CTI and Regular (House) or Segregated (Customer) indicators, account number, the respective Clearing Members, the time of execution, and any other information required inaccordance with MGEX Rules.

  • Additionally, the Clearing House has made available a different, separate Segregated Customer Omnibus Account (“E” Account in ICE systems) for F&O which uses a net margin model.• An additional Segregated Customer Omnibus Accounts("F" Account), which must be used by Clearing Members who wish to treat Customers that are Affiliates separately but can be used for other groups of Segregated Customers as desired which uses a gross margin model.

Related to Segregated Customer

  • Protected Customer means any Person to whom the Company has sold its products or services or actively solicited to sell its products or services, and with whom Participant has had Material Contact on behalf of the Company during his/her employment with the Company.

  • Protected Customers means any Person to whom the Company has sold its products or services or solicited to sell its products or services during the twelve (12) months prior to the Determination Date.

  • Restricted Customer means any customer to whom or to which goods or services were provided by the Company during the two-year period prior to the date of Employee’s employment, and any potential customer of the Company that the Company solicited during the one-year period prior to the date of termination of Employee’s employment with the Company.

  • End Customer means any party that is licensed to receive the Data either directly or via a Redistributor or group of Redistributors.

  • Covered Customer means any Person who is or was an actual customer or client (or prospective customer or client with whom a Covered Party actively marketed or made or taken specific action to make a proposal) of a Covered Party as of the date of the relevant act prohibited by this Section 2(b) or during the one (1) year period preceding such date.

  • household customer means a customer purchasing electricity for his own household consumption, excluding commercial or professional activities;

  • TCP Customers We will not impose Credit Management Charges unless the Charges are a reimbursement of our costs and you are advised of their amount or method of calculation.

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • Approved Custodian means a pool custodian or other Person that Lender deems acceptable, in its sole discretion, to hold Mortgage Loans for inclusion in a Mortgage Pool or to hold Mortgage Loans as agent for an Investor that has issued a Purchase Commitment for those Mortgage Loans.

  • Company Customer means a person or entity for whom the Company or any of its Subsidiaries was providing services either at the time of, or at any time within the twelve (12) months preceding the Termination Date, and for whom the Participant had direct contact with and/or carried out or oversaw a material business responsibility during said twelve (12) month period or about whom the Participant had exposure to or received Confidential Information as a result of the Participant’s employment with the Company or any of its Subsidiaries.

  • New Customer has the meaning set forth in Section 17.3(b).

  • Business Customer means a customer who is not a residential customer.

  • Informed Customer Consent means, in the case where consent is required: (1) the Customer is provided with a clear statement of the data or information to be collected and allowable uses of that data or information by the party seeking consent; (2) the frequency of data or information release and the duration of time for which the consent is valid; and (3) process by which the Customer may revoke consent. In no case shall silence by the Customer ever be construed to mean express or implied consent to a request by the Company, or its Contractors. Customer consent shall be provided directly from the Customer and documented in writing, subject to forms and processes as defined by the Company.

  • Related Supplier means any person who provides services to the Customer which are related to the Services from time to time;

  • Indigent Customer means the head of an indigent household:-

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • Joint custody means (i) joint legal custody where both parents retain joint responsibility for the

  • Significant Customer has the meaning set forth in Section 5.22(a).

  • Top Customers has the meaning specified in Section 4.28(a).

  • Permanent custody means a legal status that vests in a public children services agency or a private child placing agency, all parental rights, duties, and obligations, including the right to consent to adoption, and divests the natural parents or adoptive parents of all parental rights, privileges, and obligations, including all residual rights and obligations.

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Significant Customers shall have the meaning set forth in Section 3.19.

  • Qualified custodian means the following independent institutions or entities that are not affiliated with the investment adviser by any direct or indirect common control and have not had a material business relationship with the investment adviser in the previous two years:

  • Host Customer means a customer under a Solar Service Agreement.

  • Small customer means a retail customer that has an individual load with an average monthly demand of less than 5,000 kilowatts.

  • Eligible Customers means non-residential electric and/or gas Customers of Ameren Illinois. Each application has different eligibility requirements for Delivery Service rates (DS# for electric, GDS# for gas) to be eligible for that program. Refer to the specific program applications to determine if your business is eligible for that application. The Ameren Illinois incentive payments are awarded only to Eligible Customers for equipment that is owned by them and installed in the Ameren Illinois service area at the location that corresponds with the Ameren Illinois account number listed in the Application. All Eligible Customers are ultimately responsible for compliance with these Terms and Conditions.