TSF CCASS Participant definition
TSF CCASS Participant means a TSF Clearing Participant or a TSF Custodian Participant, as the context may require; “TSF Clearing Participant” means a Direct Clearing Participant or a General Clearing Participant which has been accepted for registration and to remain registered as a TSF CCASS Participant by HKSCC; “TSF Custodian Participant” means a Custodian Participant which has been accepted for registration and to remain registered as a TSF CCASS Participant by HKSCC; “TSF Exchange Participant” means, in the context of trading of TSF Stocks, an Exchange Participant which has been accepted for registration and to remain registered as a TSF Exchange Participant by the Exchange; “TSF Exchange Trade” means a TSF Buy Exchange Trade or a TSF Sell Exchange Trade, as the context may require; “TSF FX Order” means a TSF Buy FX Order or a TSF Sell FX Order, as the context may require; “TSF FX Transaction” means a TSF Buy FX Transaction or a TSF Sell FX Transaction, as the context may require; “TSF Participant” means, a TSF Exchange Participant and/or a TSF CCASS Participant, as the context may require; “TSF Participant Registration Criteria” means the eligibility criteria which HKSCC may prescribe from time to time for Participants to be accepted for registration and to remain registered as TSF CCASS Participants for the purposes of providing clearing and settlement services in respect of TSF Exchange Trades and/or providing custodian services in respect of earmarked TSF Stocks; “TSF Partner Bank” means a financial institution which has entered into an agreement or arrangement with HKSCC for the purposes of providing RMB to HKD or HKD to RMB conversion services and/or liquidity to HKSCC as TSF operator; “TSF Principal Account” means a Stock Account established by HKSCC in the name of a TSF CCASS Participant principally for the purposes of facilitating the credit and debit of TSF Stocks for such Participant to earmark or de-earmark TSF Stocks; “TSF Segregated Account” means a Stock Account established by HKSCC in the name of a TSF CCASS Participant for the sole purpose of holding earmarked TSF Stocks of suchParticipant, whether as principal or as agent for its
Examples of TSF CCASS Participant in a sentence
Every GCP which is a TSF CCASS Participant which intends to clear and settle TSF Exchange Trades for NCPs shall, in addition to the above, comply with Rule 12A21.