Clearing Margin definition

Clearing Margin means any of the following:
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Examples of Clearing Margin in a sentence

  • In such cases, said Clearing Margin may be deposited in the form of Substitute Securities and Other Instruments.

  • When a Broker Member concludes an agreement prescribed in Paragraph 1 with a customer, the Broker Member shall manage the Clearing Margin of the transactions consigned pursuant to the terms of the said agreement separately from the Clearing Margins of other transactions.

  • In addition to the timing prescribed in Article 11.2, a Broker Member may conclude a special agreement with a customer on the timing of placement or deposit of Clearing Margin.

  • Article 37-3 (Special Provisions for the Refund of Clearing Margin to Customers of Intermediary)1.

  • When a customer places or deposits Clearing Margin with a Broker Member as collateral for transactions, the Broker Member shall, except in the case of exclusion from application prescribed in Article 220-4 of the Act, issue a Margin Deposit Receipt (hereinafter in this article referred to as a “Receipt”) to the customer from the head office or one of the branches, other business offices, or offices of the said Broker Member.

  • In the case where a Broker Member has disposed of the positions pertaining to the transactions consigned by the Intermediary, the Broker Member shall refund the Clearing Margin and Intermediation Margin of all Customers of Intermediary pertaining to the said Intermediary directly to the said Customers of Intermediary.

  • Notwithstanding the provisions of the preceding paragraph, a Broker Member may, upon a written consent of the customer, omit the issuance of the Receipt for Clearing Margin placed or deposited through a financial institution.

  • In this case, the Clearing Margin equivalent to the Cash Deficiency Amount may not be placed or deposited in the form of Substitute Securities etc.

  • However, this shall not apply to cases where the Excess Amount of Deposited Margin has exceeded the amount deposited in cash by the customer as Clearing Margin.

  • The Delivery Clearing Margin prescribed in Paragraph 1 is no longer required to deposit on or after the following day.

Related to Clearing Margin

  • Operating Margin means the incremental adjustments, measured in megawatts, required in PJM Region operations in order to accommodate, on a first contingency basis, an operating contingency in the PJM Region resulting from operations in an interconnected Control Area. Such adjustments may result in constraints causing Transmission Congestion Charges, or may result in Ancillary Services charges pursuant to the PJM Tariff. Operating Margin Customer:

  • Hedged Margin for CFD trading shall mean the necessary margin required by the Company so as to open and maintain Matched Positions.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Gross Margin With respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Mortgage Loan.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing (b) such sum by the Aggregate Net Collateral Balance.

  • Margin means [•] per cent. per annum.]

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.

  • Eurocurrency Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Percentage.

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) the Stress Factor times the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months and (ii) the Dilution Volatility Component.

  • Reset Margin means the margin specified in the applicable Final Terms;

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Retail margin means an amount, reflecting differences in

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • Applicable ABR Margin means, at any date:

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;