Appropriate Minimum Block Size definition

Appropriate Minimum Block Size means the minimum notional or principal amount for a category of Swap that qualifies as a Block Trade pursuant to CFTC Regulation 43.6.

Appropriate Minimum Block Size means the minimum notional or principal amount established from time to time by the CFTC for a category of Swap that qualifies as a block trade pursuant to CFTC Regulation 43.6. The Appropriate Minimum Block Size is published by the CFTC or its designee from time to time in accordance with CFTC Regulations 43.6 and 43.7 and are included in Appendix D hereto.

Examples of Appropriate Minimum Block Size in a sentence

• Except as may be permitted by CFTC Regulation 43.6(h)(6), the aggregation of Orders across multiple Customers or Clients in order to meet the Appropriate Minimum Block Size is prohibited.

• Swap components of Package Transactions may be executed as Block Trades, provided that each such swap component is for a quantity that is equal to or in excess the Appropriate Minimum Block Size.

• Example of a Post-initial Appropriate Minimum Block Size Determination Using the 67-percent Notional Amount CalculationThe example below describes the steps necessary for the Commission to determine the post-initial appropriate minimum block size based on§ 43.6(c)(1) for a sample set of data in ‘‘Swap Category Z.’’ For the purposes of this example, Swap Category Z had 35 transactions over the given observation period.

• Except as may be permitted by CFTC Regulation 43.6(h)(6) or as otherwise permitted by Applicable Law, the aggregation of Orders across multiple Customers or Clients in order to meet the Appropriate Minimum Block Size is prohibited.

• The selected person can then be opened with the Edit menu which opens the person in a view that is displayed in the bench area again as shown in Figure 25.For entering and editing of data in Scout applications views are used in most cases.

• Furthermore, each Swap leg of a Package Transaction must achieve the Appropriate Minimum Block Size independently of each other Swap leg of the Package Transaction.

• Work-up transactions do not qualify as a Block Trade even if a Participant’s transactions as part of the work-up session has a notional or principal amount at or above the Appropriate Minimum Block Size applicable to such Swap.

• Nothing in thisRule 309 shall prohibit a Participant from executing a transaction via the Order Book, vRFQ procedures or as a Pre-Arranged Cross that exceeds the Appropriate Minimum Block Size.

• Has a notional or principal amount at or above the Appropriate Minimum Block Size; and(d) Is submitted to the Facility as provided in Rule 309.

• Except as may otherwise be permitted by Commission Regulation 43.6(h)(6), Participants shall not aggregate Contracts of different Participants or Customers to achieve the Appropriate Minimum Block Size.