Clearing Transaction definition

Clearing Transaction means a clearing, collection, payment, transfer, transmission, distribution or exchange transaction effected through a clearing;
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Clearing Transaction means a Transaction that is registered for Clearing by the Beneficiary as contemplated by the Clearing Rules;
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Clearing Transaction means the clearance and settlement of an item of Credit Paper or Debit Paper by or through operation of the System and pursuant to the Rules for Clearing such that the amount or value of such Credit Paper or Debit Paper is, or is required to be, paid or otherwise recorded as being payable: (a) in the case of such Credit Paper, to any particular ordinary member (whether for itself or on behalf of an associate member for whom such ordinary member acts as agent for the purposes of the System) as recipient, or intended recipient, of such Credit Paper, or (b) in the case of such Debit Paper, by any particular ordinary member (whether for itself or on behalf of an associate member for whom such ordinary member acts as agent for the purposes of the System) where such ordinary member (or associate member as aforesaid) is the issuer or drawee of such Debit Paper; for the purposes of any matters arising under or pursuant to these Articles to which the aforesaid definition may be relevant in connection with any applicant for ordinary membership, the aforesaid definition shall operate such as to refer to such applicant in place of the references to "ordinary member", and to estimates in relation to Credit Paper or Debit Paper in respect of which such applicant (or any associate member for whom it has agreed to act as agent as aforesaid) would respectively be (in the case of Credit Paper) the recipient thereof, and (in the case of Debit Paper) the issuer or drawee thereof;
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Examples of Clearing Transaction in a sentence

  • For the avoidance of doubt, your indemnity for claims as described above includes claims asserted by third party brokers or dealers in connection with Clearing Transactions (including ▇▇ ▇▇▇▇▇▇’▇ right to refuse to enter into a Clearing Transaction for you).

  • Furthermore, you agree that you shall timely provide to ▇▇ ▇▇▇▇▇▇ any securities or money required for ▇▇ ▇▇▇▇▇▇ to complete such transaction and to satisfy any demand for margin made by an Executing Counterparty or ▇▇ ▇▇▇▇▇▇ in respect of a Fixed Income Clearing Transaction.

  • It is agreed that you shall be the party in interest for each Fixed Income Clearing Transaction entered into with your trading counterparties (“Executing Counterparty or Counterparties”), and you shall bear any and all risks and costs related to such Fixed Income Clearing Transaction, including non-performance by an Executing Counterparty.

  • You agree to be responsible for any costs associated with any fail resulting from late reporting, which may include a one-day, 50-basis-point surcharge to finance the Fixed Income Clearing Transaction and a $100 late fee.

  • For the avoidance of doubt and as set forth in the IAA, ▇▇ ▇▇▇▇▇▇ may decline to clear or settle any Fixed Income Clearing Transaction including, notwithstanding your compliance with Section 10 of this Supplement.

  • Nothing contained herein shall be construed as imposing liability on any ▇▇ ▇▇▇▇▇▇ Entity as a principal party in connection with any Clearing Transaction in which it is acting as agent and you shall not, under any circumstance, represent to any third party broker or dealer or any other entity that any ▇▇ ▇▇▇▇▇▇ Entity acts as a guarantor of any such Clearing Transaction.

  • Rather, ▇▇ ▇▇▇▇▇▇ may (i) decline to execute, clear or settle any Clearing Transaction and (ii) decline to enter into, execute, extend, renew or “roll over” any other Activity with you, including any Activity done on an “open” or “demand” basis.

  • The term “Trade Details” shall mean the specific third party, the department at the specific third party, the purchase/settlement date, the purchase or sale price, and in connection with a repurchase, reverse repurchase, buy/sell back or sell/buy back Clearing Transaction as described in Section 2 of this Supplement, the purchased securities, the pricing rate and the repurchase date.

  • The Client Clearing Agreement contains, in particular, provisions regarding the establishment, margining, termination or transfer of clearing contracts between the Clearing Member and the Bank (each a "Client Clearing Transaction") relating to the respective Contracts entered into the execution system of the central counterparties for Indirect Clearing purposes.

  • Declining to clear or settle a prime broker transaction or any other Clearing Transaction or declining to accept certain property as margin does not constitute a termination of this Agreement.


More Definitions of Clearing Transaction

Clearing Transaction means all actions, agreements, promises of performance and transactions including, but not limited to, any transaction under or related to a Governing 2014057.06-NYCSR07A - MSW Agreement, relating to the execution, clearance, settlement of transactions in or the maintenance of accounts for the purpose of carrying, holding or financing positions in, securities, loans (including whole mortgage loans and bank debt), currencies, commodities or derivatives, in each case, for a Seller by any Buyer Entity in the Buyer Group and all transactions in which any Buyer Entity in the Buyer Group provides clearing, fixed income clearing, custody or settlement services to or for a Seller (including as prime broker in connection with prime broker transactions or fixed income clearing transactions, or in connection with any give-up, free delivery or unsettled transaction, or when acting as a clearance and/or settlement agent in any clearing system, market, or exchange, domestic or international) or transactions in, or the custody of, cash made in connection with, or in contemplation of, any of the foregoing.
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Clearing Transaction means a Transaction that is approved and registered in the Clearing System for clearing through the Beneficiary acting as central counterparty, as contemplated by the Clearing Rules;
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Related to Clearing Transaction

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Hedging Transaction means any short sale (whether or not against the box) or any purchase, sale or grant of any right (including, without limitation, any put or call option) with respect to any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Common Stock.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.