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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
Version 3 of 3

Article 1 Definitions

For the purposes of this Regulation the following definitions apply:

(a) "indirect client" means the client of a client of a clearing member;

(b) "indirect clearing arrangement" means the set of contractual relationships between providers and recipients of indirect clearing services provided by a client, an indirect client or a second indirect client;

(c) "confirmation" means the documentation of the agreement of the counterparties to all the terms of an over the counter (OTC) derivative contract;

(d) "second indirect client" means a client of an indirect client;

(e) "third indirect client" means a client of a second indirect client.