OTC Contract definition

OTC Contract means a Contract entered into by the Clearing House with a Member on the relevant OTC Contract Terms, as prescribed by the Clearing House from time to time, in accordance with the Regulations and the Procedures and/or any agreement entered into with the Member
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OTC Contract means a Contract entered into by the Clearing House with a Member on the relevant OTC Contract Terms, as prescribed by the Clearing House from time to time, in accordance with the Regulations and the Procedures and/or any agreement entered into with the Member"OTC Contract Terms"means the SwapClear Contract Terms in respect of SwapClear Contracts, the RepoClear Contract Terms in respect of RepoClear Contracts, the RepoClear Term £GC Contract Terms in respect of the RepoClear Term £GC Contracts, the RepoClear €GC Contract Terms in respect of RepoClear €GC Contracts and the ForexClear Contract Terms in respect of ForexClear Contracts"OTC market"means any dealings in an investment (as defined in section 22(1) and Schedule 2 Part II of the Financial Services and Markets Act 2000) which are entered into otherwise than on or subject to the rules of an Exchange"OTC Service"means a service provided by the Clearing House for the clearing of a category of OTC Contract"OTC Transaction"means a transaction being a SwapClear Transaction, RepoClear Transaction, RepoClear GC Transaction, Repo Trade, Bond Trade or GC Trade, or ForexClear Transaction"Own Resources Provision"means Article 35 of Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties or any law, regulation, rule, official directive or guideline (having the force of law) which replaces, supplements, modifies, amends or varies such provision“Permitted Transfers”has the meaning ascribed to it in Section 2C of the Procedures"Portfolio Margined Contracts"means any Listed Interest Rates Contracts recorded in an account of a Portfolio Margining Clearing Member related to SwapClear Business following the operation by the Clearing House of the Portfolio Margining Arrangements"Portfolio Margining Arrangements"means the operational provisions in respect of the Portfolio Margining Service as set out in Section 2.1 of the Rates Service DMP Annex"Portfolio Margining Clearing Member"means a Joint Rates Service Clearing Member who has opted in to the Portfolio Margining Service in accordance with Section 2C of the Procedures
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OTC Contract means the forward transaction or futures contract specified in the Final Terms, entered into by the Issuer in connection with such Notes on their trade date, with a notional amount as specified in the Final Terms and documented on the basis of (i) the 1998 FX and Currency Definitions published by the International Swaps and Derivatives Association, Inc. (as supplemented from time to time and applicable at the time of issuance of the Notes) or (ii) the rules of the relevant exchange which are relevant to such forward transaction or futures contract.
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Examples of OTC Contract in a sentence

  • Fusion Markets Products means an OTC Contract issued by Fusion Markets under these Terms to Clients.

  • OTC Contract means an over the counter contract to pay or receive the change in value of the Underlying Instrument (e.g. a currency pair, share index, commodity or cryptocurrency) depending on whether the price rises or falls.

  • Base Currency means the first currency represented in a currency pair in respect of a Spot FX OTC Contract.

  • The rate of initial margin in respect of each category of OTC Contract shall be determined from time to time by the Clearing House, and such rate shall be published from time to time by the Clearing House.

  • Notwithstanding paragraph(e) above, the Clearing House shall be entitled at its absolute discretion, without assigning any reason and without prior notice to a Sponsored Member or its corresponding Agent Member, to modify the rate of initial margin applicable to an OTC Contract or to demand larger or additional amounts of Collateral in respect of the initial margin obligations of a Sponsored Member, either before registration of a contract or at any time after registration.

  • Limit Order has the meaning set out in the PDS Long Party means the party to a Contract who is treated as having notionally bought theUnderlying Instrument (or, in the case of an index OTC Contract, a right in respect of payment arising from a change in the level of an index).

  • A Margin payment is credited by OANDA at the time cleared funds have been received into the Trust Account and OANDA has applied the payment to your Account or such other time as allowed by OANDA, so a Margin Cover requirement for an OTC Contract or other OTC Transaction issued by OANDA is not satisfied unless and until your payment is received in cleared funds into the Trust Account and applied to your Account by OANDA.

  • Short Party means the party to a Transaction (including an OTC Contract) who is treated as having a financial outcome similar to having effectively sold the Underlying Security.

  • The obligation upon a Sponsored Member to transfer (or procure the transfer of) Collateral to the Clearing House pursuant to this paragraph shall be in addition to any other obligation of the Sponsored Member to transfer (or procure the transfer of) Collateral or make any other payment to the Clearing House pursuant to these SC Regulations or any OTC Contract Terms.

  • The disposal of a Contract for Difference requires Closing Out an open OTC Contract.


More Definitions of OTC Contract

OTC Contract means a contract between two Members, on OTC Prescribed Terms, formed otherwise than on or subject to the rules of an Organised Market;"OTC Backloading Service"has the meaning set out in Clearing Procedure B 3.15;"OTC Bullion Products"means those Eligible Products specified as such in Annex 1(Eligible Products); [Not currently in use]"OTC Prescribed Terms"means the terms specified for OTC Contracts in the Clearing Procedures and the Product Specifications;"Parent Undertaking" “Partial Transfer” “Partial Transfer Window”has the same meaning as set out in section 1162 of the Companies Act 2006; has the meaning set out in Rule 10.7.6(a); means a period determined by LME Clear in accordance with Rule 10.7.6 during a Default Period within which LME Clear will attempt to effect Partial Transfers for Requesting Clients in accordance with Rule 10.7 (Portability of Client Accounts) and Default Procedure D (Porting Procedure);"Participating Member State"means, at any time, each member state of the European Union whose lawful currency in force at that time is the euro, as adopted in accordance with legislation of the European Union relating to Economic and Monetary Union;"Payment Obligation"means any obligation of a party under a Contract: (a) to make a payment to the other party; or (b) to otherwise account to the other party for value in exchange for the performance by such other party of its Delivery Obligation (notwithstanding that such obligation may be discharged by the offset of other obligations as opposed to an actual cash payment), and includes for the avoidance of doubt: (i) the obligation under a Physical Delivery Contract for the Buyer to pay the Settlement Payment to the Seller (which shall include, in the case of LME Aluminium Premium Contracts, the LME Premium Warrant Payment Obligation, which shall comprise an obligation to deliver LME Warrants, together with the payment of cash);(ii) the obligation under a Financially Settling Contract for a party to pay the Settlement Payment to the other party; and (iii) the obligation under an Option Contract to pay an Option Contract Premium;"Per Account VM Profit"has the meaning set out in Rule 10.10.2(b);"Per Default Stabilisation Replenishment Cap"has the meaning set out in Rule 10.10.5(a);"Permanent Capital"has the meaning set out in Membership Procedure A 2.1;"Physical Delivery Contract"means a Contract for a Physically Settling Product;"Physically Settling Product"means an Eligible Product that requires th...
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OTC Contract means a Contract entered into by the Clearing House with a
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OTC Contract means any Contract which is entered into pursuant to the terms of an ISDA Master Agreement or a type of Contract which would typically be documented under an ISDA master agreement and which is not an Exchange Related Contract;
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Related to OTC Contract

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Privatization contract or “contract” means an agreement or

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Job-order-contracting means a project delivery method in which:

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Standard form contract means a financial contract that is substantially not negotiable for the Client, except for the terms contained in point 11.C.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Federal-Aid Contract means a contract in which the United States (federal) Government provides financial funding as so designated in the Information for Bidders.

  • Existing Contract means a contract that was made before the operative date;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Charter contract or "contract" means a fixed-term, renewable contract

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.