CCP Contract definition
Examples of CCP Contract in a sentence
Derivatives Contract has the meaning given to Options Market Contract or Derivatives CCP Contract, each as defined in the ASX Clear Rules or the corresponding contract between the Client and OpenMarkets, as the context requires.
The Client acknowledges that the Participant may, in certain circumstances permitted under the Corporations Act or the ASX Clear Operating Rules, take the opposite position in a transaction in the OTC Options CCP Contract, either acting for another client or on its own account.
References to the “Participant” refer to the Participant that notifies ASX Clear of an OTC Options Market Transaction that it wishes to register or that accepts an allocation or the transfer of an OTC Options CCP Contract.
The Client has no rights, whether by way of subrogation or otherwise, against ASX Clear in relation to any transactions by the Participant (or any other Participant) in the OTC Options CCP Contract.
Unless we hold sufficient monies or financial products on your behalf to settle a transaction, you must pay any amount and deliver any financial products, which you are liable to pay or deliver in connection with a Derivatives CCP Contract by 9:00am on the business day following the date of entry into the transaction.
This Agreement replaces, succeeds, and supercedes the Coal Combustion Products Management Agreement entered into by the Parties on February 9, 2000 and all exhibits and addendums thereto (collectively, the "2000 CCP Contract").
A Participant which is not also a Market Participant will be given limited ASX trading permission solely for the purposes of reporting Options CCP Contract exercises.
If a Participant wishes to report the agreement to the Underlying Market in the name of a Market Participant for which the Participant provides clearing services and for whose account the Options CCP Contract was registered, the Participant must request ASX Clear in writing to make the relevant adjustments in the Clearing System.
This Agreement shall be covering the subject matter of this Agreement, with the exception of Section VIII of that 2000 CCP Contract, which sets forth payment obligations arising before execution of this Agreement that remain fully enforceable after the execution of this Agreement.