CCMS Collateral Account definition

CCMS Collateral Account has the same meaning as in the Clearing Rules.
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CCMS Collateral Account means any account established in CCMS for a Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules;
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CCMS Collateral Account means any account established in CCMS for each Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules; “CCMS House Collateral Account” means House Collateral Account 0001 established in CCMS for each Participant (other than an Investor Participant) or, in the case of a Clearing Agency Participant which is a China Connect Clearing House, for such Participant in respect of each Special Participant, as referred to in Rule 601A; “China Connect Securities Trade” means a trade in China Connect Securities (including Special China Connect Securities) executed on a China Connect Market through an the SEHK Subsidiary under a Trading Link; “Clearing Links Agreement” means an agreement that is or may be entered into by HKSCC with a China Connect Clearing House relating to aone or more Clearing Links (as may be amended, restated and/or supplemented from time to time);
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Examples of CCMS Collateral Account in a sentence

  • To the extent that the collateral in the SEOCH Participant’s relevant CCMS Collateral Account is insufficient, funds will be collected from the appropriate SEOCH Participant’s account with the Designated Bank or Settlement Bank by Direct Debit Instructions.

  • The cover call request will be confirmed via DCASS if the quantity of underlying securities available in its CCMS Collateral Account is sufficient and upon confirmation, such underlying securities will be used as Specific Securities Collateral in CCMS.

  • Any profits in excess of the Clearing House margin requirement will not be credited to the relevant CCMS Collateral Account of the HKCC Participant.

  • Upon successful transfer, the Stock Collateral Control Account of the SEOCH Participant or the CCASS GCP, where applicable, in CCASS and the CCMS Collateral Account of the SEOCH Participant will be updated automatically and the securities balance in the CCMS Collateral Account of the SEOCH Participant will be immediately made available for use as securities collateral of the SEOCH Participant.

  • Profits arising from the above “mark to market” mechanism will be used to offset against, while losses arising from such mechanism will be added to and collected as, Clearing House margin payable in respect of the relevant CCMS Collateral Account of the HKCC Participant.

  • Upon verifying the availability of excess securities collateral in its CCMS Collateral Account, the SEOCH Participant may withdraw securities held in its CCMS Collateral Account by inputting a transfer instruction via a CCASS terminal to transfer securities from the SEOCH Participant’s CCMS Collateral Account to one of the Stock Accounts in CCASS maintained by that SEOCH Participant or the CCASS GCP, where applicable, other than the Stock Collateral Control Account.

  • SEOCH will update the SEOCH Participant’s CCMS Collateral Account upon the transfer of such non-cash collateral.

  • Unless otherwise determined by the SEOCH Board, the amount of cash in the Settlement Currency covering the margin requirement for each CCMS Collateral Account of a SEOCH Participant shall not fall below the minimum level prescribed by the SEOCH Board.

  • These accounts are registered in the name of the HKCC Participant and are identified as the HKCC Participant’s (1) House CCMS Collateral Account, (2) Client CCMS Collateral Account(s), and (3) Market Maker CCMS Collateral Account(s).

  • Profits and losses arising from this “mark to market” mechanism are credited to and debited from the relevant HKCC Participant’s CCMS Collateral Account each Business Day as the variation adjustment.


More Definitions of CCMS Collateral Account

CCMS Collateral Account means any account established in CCMS for a Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules;“CCMS House Collateral Account”means House Collateral Account 0001 established in CCMS for a Participant (other than an Investor Participant) or, in the case of a Clearing Agency Participant which is a China Connect Clearing House, for such Participant in respect of each Special Participant, as referred to in Rule 601A;
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CCMS Collateral Account means an account established in CCMS for
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CCMS Collateral Account means an account established in CCMS for each HKCC Participant for debiting and crediting collateral. For the purposes of the Clearing House Rules and the Clearing House Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for an HKCC Participant by another Recognized Clearing House under its rules;
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CCMS Collateral Account means an account established in CCMS for each SEOCH Participant for debiting and crediting collateral. For the purposes of these Clearing Rules and the Operational Clearing Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS by HKSCC or by HKCC under their respective rules;“CCMS Terminal User Guide”means the manual entitled “CCMS Terminal User Guide” relating to the operation of CCMS, as amended from time to time by SEOCH;“Chairman of the SEOCH Board”means the person from time to time holding the office of Chairman of the SEOCH Board or his designee;"Clearing Agreement"has the same meaning as in the Options Trading Rules;"Clearing Rules"means these rules of SEOCH, as from time to time in effect;"Client Contract"has the same meaning as in the Options Trading Rules;"closing contract"has the same meaning as in the Options Trading Rules;“CNS System”has the same meaning as in the CCASS Rules;"Commission"has the same meaning as in the Exchange Rules;"Contract"has the same meaning as in the Options Trading Rules;“controller”has the same meaning as in Part III of the Securities and Futures Ordinance;“Currency of the Contract”means the currency in which a Contract is traded;"Daily Margin"means the aggregate amount determined by SEOCH after System Closure on each trading day to be payable in respect of a SEOCH Participant’s open positions and delivery obligations as determined by SEOCH;;“DCASS”means the Derivatives Clearing and Settlement System operated by SEOCH and HKCC;“DCASS Agreement”means the subscription and license agreement in such form as may be prescribed by SEOCH from time to time and which is entered into between SEOCH and a SEOCH Participant entitling the SEOCH Participant to participate in DCASS in accordance with Chapter 11;
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Related to CCMS Collateral Account

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.