Clearing Firm means an entity meeting the requirements of, and approved for, clearing membership at the Clearing House that is authorized pursuant to the Clearing House Rules to clear trades in any or all of the Contracts and that meets the qualification of the Exchange pursuant to Rule 902. A Clearing Firm may also be a Participant where it is authorized to access the Exchange to effect transactions. As a Participant, a Clearing Firm may trade for its own proprietary account or an account on behalf of its Customer (e.g., as a broker). As a Participant, a Clearing Firm may trade on behalf of a Customer with an account at a different Clearing Firm acting as a broker or performing an equivalent agency function. The different Clearing Firm is responsible for approving the Clearing Firm for such Customers pursuant to the applicable form to the Clearing Firm Agreement. The term “Clearing Firm” collectively refers to all Authorized Traders of a Clearing Firm authorized to utilize the Exchange. A Clearing Firm that carries Customer accounts must be a CFTC-registered FCM.
Clearing Firm means an entity that meets the requirements of clearing membership at a Clearing House that clears Trades in any or all of the MarketAxess SEF Swaps and is authorized to submit Trades for clearing to the Clearing House.
Clearing Firm means a member or participant of a Derivatives Clearing Organization that is authorized pursuant to the rules of such Derivatives Clearing Organization to clear trades in a Cleared Swap.
Examples of Clearing Firm in a sentence
If the beneficiary bank does not receive final and complete payment for a payment order transferred through ACH, the beneficiary bank is entitled to recover from the beneficiary any provisional credit and Clearing Firm may charge my account for the transaction amount.
I understand Clearing Firm or my Broker may not notify me of any returned or rejected ACH transfers.
I agree to hold Clearing Firm and Clearing Firm’s agents free of liability for compliance with these instructions.
If I request Automated Clearinghouse (“ACH”) transactions from my Account at Clearing Firm, I authorize Clearing Firm to originate or facilitate transfer credits/debits to/from my eligible bank account.
To the extent permitted by applicable law or regulation, Clearing Firm hereby disclaims all warranties, express or implied, and in no event shall Clearing Firm be liable for any special indirect, incidental, or consequential damages whatsoever resulting from the ACH electronic service or any ACH transactions.
More Definitions of Clearing Firm
Clearing Firm means a Person, whether or not a Participant, that has been approved as a member or participant in one or more Derivatives Clearing Organizations and that is authorized pursuant to the rules of such a Derivatives Clearing Organization to clear Contracts for customers; provided that, the term “Clearing Firm” as used herein shall be deemed to refer to such Person solely in its capacity as a Clearing Firm and not, as applicable, in its capacity as a Participant.
Clearing Firm means a Person, whether or not a Participant, that has been approved as a member or participant in one or more Derivatives Clearing Organizations and that is authorized pursuant to the rules of such a Derivatives Clearing Organization to clear Swaps for customers.
Clearing Firm means an entity meeting the requirements of, and approved for, Clearing Membership at the Clearing House that is authorized pursuant to the rules of such Clearing House to clear any or all of the Swaps. For the avoidance of doubt, a Clearing Firm also may register with Tradition SEF as a Participant.
Clearing Firm means a member or participant of a Clearing House that is authorized by the Clearing House to clear trades in any or all Instruments for a Participant. For the avoidance of doubt, a Clearing Firm need not be a Participant on Tera.
Clearing Firm means a Clearing Member that provides clearing services to one or more Participants, Sponsored Participants, Clients or Customers and has either executed a Clearing Firm Agreement or in relation to which the relevant Participant, Sponsored Participant, Client, Customer and/or Clearing Member has provided the SEF with evidence or assurances satisfactory to the SEF of the existence and scope of the clearing services provided.
Clearing Firm means a Clearing Member that provides clearing services to one or more Participants, Sponsored Participants, Clients or Customers and has executed a Clearing Firm Agreement.
Clearing Firm refers to First Clearing, its officers, directors, agents, and employees. Where the context requires, the singular shall be the plural and the plural shall be the singular. As set forth in the Designation of Responsibilities letter provided to you with your new account disclosures, you understand the role and services provided by Introducing Firm and Clearing Firm, respectively, and agree that this Agreement inures to the benefit of both firms and their affiliates as applicable. For purposes of this Agreement, "securities and/or other property" means, but is not limited to, money, securities, financial instruments, and commodities of every kind and nature, and related contracts and options, distributions, proceeds, products, and accessions of all property. This definition includes securities and/or other property currently or hereafter held, carried or maintained by us or Clearing Firm, in our or Clearing Firm's possession and control, for any purpose, in and for any of your Accounts now or hereafter opened, including any account in which you may have an interest.