central counterparty definition

central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

central counterparty means a person or company that interposes itself between the counterparties to securities or derivatives transactions in one or more financial markets, acting functionally as the buyer to every seller and the seller to every buyer or the counterparty to every party;

central counterparty means a central counterparty as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

Examples of central counterparty in a sentence

• Central Counterparty Regulation, the Regulation on Activities of Payment and Securities Settlement Systems, the Directive on Istanbul Settlement and Custody Bank Inc.

• The contract shall take effect from the date on which the Central Counterparty accepts the request for assignment of the concluded transaction, submitted by any of the parties to the Transaction that refuses to conclude the Standard Contract (Annex 2 to the Medium and Long Term Trading Procedure) with the transaction counterparty.

• The RCE as Central Counterparty guarantees through specific risk management mechanisms as well as through the guarantee fund the takeover and delivery of natural gas according to the transaction concluded by another supplier in case of non-compliance with the delivery / takeover conditions induced by a party to the concluded transaction.

• The obligations of physical delivery and takeover of natural gas remain under the responsibility of the parties to the Transaction, the Central Counterparty having the role of financial guarantor for fulfilling all financial obligations, but without making natural gas deliveries or takeovers in its own name.

• The RCE as Central Counterparty guarantees the payment of the equivalent value of the natural gas traded according to the concluded transaction.

More Definitions of central counterparty

central counterparty means an entity that legally interposes itself between counterparties to contracts traded within one or more financial markets, becoming the buyer to every seller and the seller to every buyer.

central counterparty means a financial institution that performs clearing services and subsequently becomes the Counterparty to all Contracts arising from Trades on the Exchange, also referred to as the (Designated) Clearing House;

central counterparty means a legal person that interposes itself between the counterparties to the contracts traded on one or more financial markets, becoming the buyer to every seller and the seller to every buyer;

central counterparty means an entity that legally interposes itself between the counterparties to the contracts traded within one or more financial markets, becoming the buyer to every seller and the seller to every buyer and which is responsible for the operation of a clearing system;

central counterparty or ‘CCP’ means a CCP as defined in point

central counterparty means central counterparty as defined in point (34) of Article 4(1) of Regulation (EU) No 575/2013;

central counterparty means an entity which interposes either directly between an auctioneer and a bidder or its successor in title, or between intermediaries representing them, that acts as the exclusive counterparty to each of them guaranteeing the payment of the auction proceeds to the auctioneer or an intermediary repre­ senting it or the delivery of the auctioned allowances to the bidder or an intermediary representing it, subject to Article 48;