Xemac definition

Xemac means the collateral management system Xemac® of Clearstream Banking AG.
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Examples of Xemac in a sentence

  • Substitution of Relevant Pledged Assets will be operated by CBF, acting on behalf of Eurex Clearing AG, in accordance with SC Xemac.

  • The Marking to Market of Margin Collateral shall be made by CBF in accordance with SC Xemac.

  • The marking to market of Basic Clearing Member Margin shall be made by CBF in accordance with SC Xemac.

  • The substitution of Relevant Pledged Assets will be operated by CBF, acting on behalf of Eurex Clearing AG, in accordance with SC Xemac.

  • The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the Relevant Pledged Assets except as permitted by the Clearing Conditions (including under a Previous Pledge and a Permitted Pledge), SC Xemac or the Collateral Management Service Agreements.

  • The Clearing Member and Eurex Clearing AG agree that each pledge granted by the Clearing Member to Eurex Clearing AG in accordance with Clause 2.2.1 and 2.2.4 shall include a right of Eurex Clearing AG to appropriate (and to make use of) one or more of the securities which, at the time of the exercise of such appropriation right, are credited to the relevant German Pledged Securities Account or Xemac Pledged Securities Account (the “Relevant Pledged Securities”).

Related to Xemac

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