Participating Exchange definition

Participating Exchange means an exchange which has concluded one or more agreements in relation to a Link with the Exchange and/or LCH pursuant to which:- (i) contracts in the terms of one or more Linked LIFFE Contracts are to be transferred to, for clearing by, such exchange or its clearing house; or (ii) contracts in the terms of a Linked Participating Exchange Contract are to be transferred to, for clearing by, LCH. The term “Participating Exchange” shall include any clearing house, which from time to time provides clearing services to such exchange;

Participating Exchange means an exchange which has concluded one or more agreements in relation to a Link with the Exchange and/or LCH pursuant to which: (i) contracts in the terms of one or more Linked LIFFE Contracts are to be transferred to, for clearing by, such exchange or its clearing house; or (ii) contracts in the terms of a Linked Participating Exchange Contract are to be transferred to, for clearing by, LCH. The term "Participating Exchange" shall include any clearing house, which from time to time provides clearing services to such exchange;

Participating Exchange shall include any clearing house, which from time to time provides clearing services to such exchange;

Examples of Participating Exchange in a sentence

• The Participating Exchange Contract shall be subject to the rules of the relevant Participating Exchange and shall not be subject to the provisions of this Agreement.

• Upon confirmation by the relevant Participating Exchange of receipt of trade/position details from LCH, rights and obligations under such contract, save for outstanding obligations with respect to fees and margin and those rights and obligations referred to in the Rules of LIFFE and the Regulations of LCH, shall be discharged and there shall arise simultaneously a Participating Exchange Contract between us.

• In respect of each Linked Participating Exchange Contract made between us which is intended for transfer through the relevant Link, rights and obligations under such contract, save for outstanding obligations with respect to fees or margin and any other rights or obligations referred to in the Rules of the Participating Exchange, shall be discharged upon confirmation by LCH of receipt of trade/position details from the Participating Exchange and there shall arise simultaneously a LIFFE Contract between us.

• The contract in the terms of a Participating Exchange Contract shall be subject to the Rules of the relevant Participating Exchange and shall not be subject to the provisions of this Agreement.

• Following the transfer of a contract in the terms of a Linked LIFFE Contract and the creation of a contract in the terms of a Participating Exchange Contract or prior to the transfer of a contract in the terms of a Linked Participating Exchange Contract and the creation of a contract in the terms of a LIFFE Contract (as the case may be), margin requirements will be determined in accordance with the rules of the Participating Exchange rather than LIFFE Rules.

More Definitions of Participating Exchange

Participating Exchange shall include any clearing house which from time to time provides clearing services to such exchange;

Participating Exchange shall have the meaning ascribed to this term in the Operational Rules.

Participating Exchange shall include any clearing house which from time to time provides clearing services to such exchange; Participating Exchange Contract: in respect of a Participating Exchange, means a class of contract permitted to be made by Participating Exchange Members under participating Exchange rules.

Participating Exchange means the Exchange or a Foreign Participating Exchange.

Participating Exchange. ’ means (i) the Exchange and (ii) one or more of the American Stock Exchange, the International Securities Exchange, the Pacific Exchange, and the Philadelphia Stock Exchange, as the President of the Exchange, or his designee, has designated from time to time as having adopted a Corresponding Rule.

Participating Exchange means aneligible exchange that is a member of SEGC.

Participating Exchange means a stock exchange existing and licensed under the laws of the Participating Country that has entered into a Participation Agreement with SEE Link.