Clearing Data definition

Clearing Data. Trade and position management data.
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Clearing Data means transaction and all other data that is received by FICC or NYPC that is relevant to their respective clearance and/or settlement processes, and such data, reports or summaries thereof, which may be produced as a result of processing such data, including data regarding Members’ condition, positions, Margin requirements and deposits. Members acknowledge and agree that the Cross-Margin Requirements in respect of the Set of Clearing Member Cross-Margining Accounts will be calculated in accordance the Cross-Margining Agreement and the Rules. Members further acknowledge and agree that neither Clearing Organization guarantees to Members that the calculation of the Cross-Margin Requirement pursuant to the Cross-Margining Agreement will yield a Cross-Margin Requirement that is less than what each Member would have owed if its Stand-Alone Margin Requirements at FICC and NYPC were calculated separately. Each Member represents and warrants to and for the benefit of the Clearing Organizations that: (i) it has the power to grant, and has granted, to the Clearing Organizations a first priority continuing security interest in and lien on the Collateral and has taken all necessary actions to authorize the granting of such security interest and lien; (ii) it is the sole owner of or otherwise has the right to transfer all Collateral transferred to the Clearing Organizations pursuant to the Cross-Margining Agreement and the Rules, free and clear of any security interest, lien, encumbrance or other restrictions (other than any security interest or lien granted or created pursuant to this Agreement); (iii) it has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (iv) its execution and delivery of this Agreement and the performance of its obligations hereunder have been duly authorized by all requisite action; (v) all authorizations of and exemptions, actions, approvals and consents by, and all notices to or filings with, any governmental or other authority or other persons that are necessary to enable it to execute and deliver this Agreement and to perform its obligations hereunder have been obtained or made and are in full force and effect, and it has complied with all of the conditions thereof; (vi) this Agreement has been duly executed and delivered by it;
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Clearing Data means transaction and all other data that is received by FICC or NYPC that is relevant to their respective clearance and/or settlement processes, and such data, reports or summaries thereof, which may be produced as a result of processing such data, including data regarding Member’s condition, positions, Margin requirements and deposits. Member acknowledges and agrees that the Cross-Margin Requirement in respect of its Set of Clearing Member Cross-Margining Accounts will be calculated in accordance the Cross-Margining Agreement and the Rules. Member further acknowledges and agrees that neither Clearing Organization guarantees to Member that the calculation of the Cross-Margin Requirement pursuant to the Cross-Margining Agreement will yield a Cross-Margin Requirement that is less than what Member would have owed if its Stand-Alone Margin Requirements at FICC and NYPC were calculated separately. Member represents and warrants to and for the benefit of the Clearing Organizations that:
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Examples of Clearing Data in a sentence

  • Programmable interface to automatically access, enter and modify OTC Clearing Data in the Clearing EDP.

  • Programmable interface to automatically access, enter and modify Clearing Data in the Clearing EDP.

  • Caution must be exercised when changing the name of an existing station because all subsequent downloads of the station will be saved to a new Logger Location and it is possible to erase all data on the logger (see Clearing Data from a 2000-Series Data Logger, p.

  • Caution must be exercised when changing the name of an existing station because all subsequent downloads of the station will be saved to a new Logger Location and it is possible all data will be erased (see Clearing Data from a 2000-Series Station, p.

Related to Clearing Data

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.