Auction Losses definition

Auction Losses means, in respect of an Auction Portfolio, all losses arising from:
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Auction Losses means, in respect of an OTC Auction Portfolio or a Basis Portfolio, all losses arising from:
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Examples of Auction Losses in a sentence

  • Rules 2.5 to 2.7 describe the steps for the allocation of resources to losses arising from the auction of OTC Auction Portfolios (the "Auction Losses").

  • If, for an Auction Portfolio, there remain Auction Losses outstanding after the attribution process referenced to in sub- paragraph (iii) above, and there are AIPs relating to other Auction Portfolios in the same Auction Currency in which the Relevant Original Contributions have not been fully utilized, the Clearing House shall attribute the remaining Auctions Losses amongst such remaining Original Contributions through the attribution process set out in sub-paragraphs (1) to (3) above.

  • In respect of a Client Auction Portfolio, the resources set out in sub-paragraphs (1) to (76) below, to the extent not already applied in accordance with Clearing Rules 1516(1) and 1516(2), shall together constitute the Preliminary Available Resources allocated to such Client Auction Portfolio for the purpose of satisfying any Auction Losses or Contract Termination Losses arising from such Client Auction Portfolio.

  • In addition, with respect to the Auction Losses and/or Contract Termination Losses arising out of the DMP Events occurring within the same Capped Liability Period:(1) OTC Clear may make such adjustments as are necessary in determining the Preliminary Available Resources and the RAP and the Margin Allocation Percentage(s) for each Auction Portfolio constructed as a result of each DMP Event occurring within the same Capped Liability Period.

  • Auction Losses will be attributed to remaining AIP Amounts of those Non-Defaulting FXCCMs whichthat are both Expected AuctionAligned Participants, in respect of the Auction Portfolio, and Non-Bidders in the relevant Auction.

  • Auction Losses will be attributed to the remaining AIP Amount of each such Non-Defaulting FXCCM pursuant to this sub-paragraph (i) pro rata according to the proportion that such FXCCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of all Non-Defaulting FXCCMs whichthat are both Expected AuctionAligned Participants, in respect of the Auction Portfolio, and Non-Bidders in the Auction;.

  • Lastly, under section 2.6(d) of the Default Rules, and once all funded DFCs are exhausted, the same process will apply to the unfunded DFCs to the extent that that there are any Auction Losses outstanding.

  • Auction Losses will be attributed to the remaining AIP Amount of each such Non-Defaulting FXCCM pursuant to this sub-paragraph (iv) pro rata according to the proportion that such FXCCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of all FXCCMs whichthat are both Expected AuctionAligned Participants, in respect of the Auction Portfolio, and Non-Bidders in the Auction;.

  • The outstanding Auction Losses will be attributed to the remaining AIP Amount of each such FXCCM pursuant to this sub-paragraph (iii) pro rata according to the proportion that such FXCCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of: (A) the FXCCM which submitted the winning bid in the Auction; (B) any FXCCMs which submitted an Equal Bid to such winning bid in the Auction; and (C) any FXCCMs which were Out Bidders in the Auction.

  • Any costs incurred from Risk Mitigation shall be considered costs of the relevant Auction and may therefore give rise to Auction Losses.