Examples of Selling Member in a sentence

In the situation where the Clearing House holds cross-settled, EquityClear Contracts i.e. the transaction considerations may not be equal, the Clearing House may, in its absolute discretion, charge the Buying Member and/or Selling Member such amounts as is necessary to ensure that the Clearing House does not incur a loss.
The Clearing House is entitled to collect such costs, expenses, administration fee and applicable VAT through the PPS and debit the appropriate PPS account of that Selling Member accordingly.
In the event that nil paid rights are delivered by a Selling Member after the last time for delivery, the Clearing House will attempt to deliver the securities back to the Selling Member, who will remain liable for delivering the chosen option as required by the Buying Member.
Selling Member delivery A Selling Member with Entitled Transactions (including holders of short ccCFD positions) who has received an Allocation Notice from the Clearing House is bound by that Allocation Notice.
It remains the responsibility of the Selling Member to ensure that the bought in transaction settles on the ISD and that the financial instruments delivered by the Clearing House are used to settle the original outstanding transaction against which the buy-in-report was issued.

More Definitions of Selling Member

Selling Member is defined in Section 7.05

Selling Member means any Member that sells, assigns, hypothecates, pledges, or otherwise transfers all or any portion of its rights of membership in the Company, including its Economic Interest and/or voting rights.

Selling Member has the meaning set forth in Section 3.5(a).

Selling Member shall have the meaning set forth in Section 7.3(a) hereof.

Selling Member means the Clearing Member who Qualifies the Seller’s positions on a Contract;

Selling Member has the meaning specified in Section 12.8 hereof.

Selling Member is defined in Section 9.7(a).