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Article 1 - Definitions
For the purposes of this Regulation, the following definitions apply:
1.
‘clearing service provider’ means a clearing member as defined in Article 2, point (14) of Regulation (EU) No 648/2012 of the European Parliament and of the Council
, a client as defined in Article 2, point (15), of Regulation (EU) No 648/2012, an indirect client, a second indirect client or a third indirect client as defined in Article 1, point (b),(d) or (e) of Commission Delegated Regulation (EU) 2017/2154
, that provides clearing services, directly or indirectly, in the Union;
2.
‘clearing service user’ means a client as defined in Article 2, point (15), of Regulation (EU) No 648/2012, or an indirect client, a second indirect client or a third indirect client as defined in Article 1, point (b),(d) or (e) of Delegated Regulation (EU) 2017/2154, that uses clearing services provided by a clearing service provider;
3.
‘reimbursement’ means the recompense or compensation clearing members receive in accordance with 2021, including instruments of ownership, debt instruments or instruments recognising a claim on the CCP’s future profits, or any cash equivalent of such recompense or compensation or any proceeds they receive following a claim made in accordance with 2021 including where any of these amounts, referred to under those articles, are passed on to a clearing service user;
4.
‘qualifying contribution’ means the contribution, made via a clearing member of the CCP, under the conditions set out in 2021, by a clearing service user to the CCP in resolution to which it has indirect access through a clearing service provider and where the contribution made, via the clearing member of the CCP, in the resolution procedure, has resulted in a reimbursement.