clearing member
81variation margin call — A margin call from the clearinghouse to a clearing member. These margin calls are issued when the clearing member s margin has been reduced substantially by unfavorable price moves. The variation margin call must be met within one hour. The… …
82customer — A designation that refers to segregated clearing member firm trading activity. Customer trading activity and funds may not be combined with non segregated house activity within a clearing member firm. A term which, within the SFA rules, means a… …
83ICM — (Individual Clearing Member) member of clearing house who is authorized to clear his own transactions and those of his customers but not those of floor brokers (Finance) …
84security deposit — See margin. The CENTER ONLINE Futures Glossary The amount required to be deposited with CME Clearing by the clearing member as security for its obligations to the CME Clearing. Chicago Mercantile Exchange Glossary * * * security deposit UK US… …
85haircut — (1) A lender s informal expression for a collateral margin. The amount by which the value of collateral exceeds the loan it secures. Commonly used with repurchase and reverse repurchase agreements informally called repos and reverses. (2) The… …
86margining — The margining system is the means by which the London Clearing House ( LCH) controls the risk associated with a LIFFE clearing member s position on a daily basis. To achieve this, clearing members deposit cash or collateral with the LCH in the… …
87clear — The process by which a clearinghouse maintains records of all trades and settles margin flow on a daily mark to market basis for its clearing member. Chicago Board of Trade glossary The collection of funds on which a check is drawn and the… …
88GCM — See general clearing member. Dresdner Kleinwort Wasserstein financial glossary See General Clearing Members LIFFE …
89ICM — See individual clearing member. Dresdner Kleinwort Wasserstein financial glossary See Individual Clearing Members LIFFE …
90NCM — See non clearing member. Dresdner Kleinwort Wasserstein financial glossary See Non Clearing Members LIFFE …
