Auction Settlement definition
Examples of Auction Settlement in a sentence
Where the Issuer is to redeem Notes by means of Auction Settlement, the redemption of each Note shall be effected by the payment of the Auction Settlement Amount on the Credit Event Redemption Date, such amount to be apportioned pro rata among the Noteholders, rounding the resulting figure downwards to the nearest sub-unit of the relevant currency.
We understood that Indian banks may not bid on distressed assets (and that is one of the reasons why Auction Settlement is not applicable).
In particular, we understood that Indian banks may not bid on distressed assets (and that is one of the reasons why Auction Settlement is not applicable).
By the 2nd Business Day of the 4th Billing Period after each Billing Period, AEMO must make available to the Auction Participant a Revised Auction Statement in respect of that Billing Period, taking into account the outcome of any queries or disputes resolved in respect of the Auction Settlement Statement for that Billing Period.
In such a role, in relation to any Succession Event or Credit Event or Transaction Auction Settlement Terms, it can (i) accept or refuse that a question raised by a market participant be submitted to the ISDA Credit Derivatives Determinations Committee and/or (ii) vote in favour or against any resolution of the ISDA Credit Derivatives Determinations Committee following any questions raised to the ISDA Credit Derivatives Determinations Committee.
By 12 noon on the 17th Business Day after the end of a Billing Period or 12 noon on the 2nd Business Day after an Auction Settlement Statement is made available under clause A.7.1, whichever is the later, the Auction Participant must pay to AEMO in cleared funds the net amount stated to be payable to AEMO by that Auction Participant in its Auction Settlement Statement, whether or not the Auction Participant disputes the amount payable.
This Master Confirmation Agreement (which term includes all Annexes hereto) incorporates by reference the 2003 ISDA® Credit Derivatives Definitions as amended and supplemented by the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement to the 2003 ISDA Credit Derivatives Definitions (together, the "Credit Derivatives Definitions")as amended by Annex 2 (Amendments to the Credit Derivatives Definitions).
As Auction Settlement is not applicable, we have amended the provision such that the relevant DC Resolution will not apply to CDS that trades 21 Business Days the date of the DC Resolution.
Each Auction Settlement Statement must be accompanied by supporting data that is sufficient to enable each Auction Participant to audit the calculation of the net amount payable.
By the 15th Business Day after the end of each Billing Period, AEMO must make available to the Auction Participant an Auction Settlement Statement stating the Auction Settlement Amount for the Billing Period payable by or to the Auction Participant on the payment date for that Auction Settlement Statement, adjusted by: any adjustments payable under clause A.7.5 in respect of a previous Billing Period; and the application of the Auction Participant’s Security Deposit Balance (if any).