Clearing Model Change definition

Clearing Model Change means the change of the clearing model with respect to Respective Transactions and, if applicable, the transfer and treatment of Eligible Margin Assets in the form of cash and Respective Securities, as specified further below. A Clearing Model Change also includes a change within the Individual Segregated Account Provisions between a Security Interest Margin Election and a Title Transfer Margin Election pursuant to Chapter I Part 4 Number 6.3.2.1 of the Clearing Conditions.
Sample 1Sample 2Sample 3
Clearing Model Change means the change of the clearing model with respect to CMA Transactions and, if applicable, corresponding Redelivery Claims for Variation Margin and, if applicable, the transfer and treatment of Eligible Margin Assets in the form of cash and CMA Securities, as specified further below. A change within the Individual Segregated Account Provisions between a Security Interest Margin Election and a Title Transfer Margin Election pursuant to Chapter I Part 4 Number 6.3.2.1 of the Clearing Conditions and a change from Own Transactions to DC-Related Transactions (or vice versa) within the same clearing model (i.e. the Elementary Clearing Model) shall also constitute a Clearing Model Change.
Sample 1

Examples of Clearing Model Change in a sentence

  • This Clearing Model Change Agreement incorporates by reference the Clearing Conditions.

  • If no double-funding was provided, an overnight margin call will be triggered on T which is due on T+1.On TCollateral transfer requestThe CM specifies in Annex 1 of the Clearing Model Change Agreement the transfer of collateral.

  • Before acting upon an instruction submitted under this Clearing Model Change Agreement, Eurex Clearing AG may ask the sender to confirm the instruction orally (including by telephone) or by letter or fax and it may ask any other recipient of an E-Mail to confirm receipt orally (including by telephone) or by E-Mail, letter or fax.

  • If the DC-Related Transactions relate to a Disclosed Direct Client other than an ICM Client, the Clearing Model Change Agreement shall be concluded between the Clearing Member and Eurex Clearing AG.

  • The courts in Frankfurt am Main shall have exclusive jurisdiction (ausschließlicher Gerichtsstand) over any action or other legal proceedings arising out of or in connection with this Clearing Model Change Agreement.

  • If the DC-Related Transactions relate to an ICM Client, the Clearing Model Change Agreement shall be concluded between the Clearing Member, the ICM Client and Eurex Clearing AG.

  • Whenever such Clearing Model Change Agreement is entered into, the following provisions of this Number 8.2 shall apply.

  • Such change can be affected with respect to one or more Transaction Types as specified in an agreement in the form published by Eurex Clearing AG on its websites (www.eurexclearing.com) (the Clearing Model Change Agreement ).

  • She reports that she attended an Excel training last week, new Finance Clerk Peggy Russell is being trained and doing well.

  • SIGNATURES to the Clearing Model Change Agreement (as Clearing Member) (Place / Date)3 Name: Name: Function: Function: Eurex Clearing Aktiengesellschaft (Eurex Clearing) (Place / Date) Name: Name: Function: Function: 3 The Clearing Model Change Agreement will be referenced as dated here, irrespective of the date of the signatures of Eurex Clearing.

Related to Clearing Model Change

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Reliability pricing model or "RPM" means PJM's capacity-

  • Value Date means, with respect to any FX Transaction, the Business Day (or where market practice in the relevant foreign exchange market in relation to the two Currencies involved provides for delivery of one Currency on one date which is a Local Banking Day in relation to that Currency but not to the other Currency and for delivery of the other Currency on the next Local Banking Day in relation to that other Currency ("Split Settlement") the two (2) Local Banking Days in accordance with that market practice) agreed by the Parties for delivery of the Currencies to be purchased and sold pursuant to such FX Transaction, and, with respect to any Currency Obligation, the Business Day (or, in the case of Split Settlement, Local Banking Day) upon which the obligation to deliver Currency pursuant to such Currency Obligation is to be performed.

  • algorithmic trading means trading in financial instruments where a computer algorithm automatically determines individual parameters of orders such as whether to initiate the order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention. This definition does not include any system that is only used for the purpose of routing orders to one or more trading venues or for the confirmation of orders;

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Market segment means the portion of the market covering one (1) of the

  • Reference Exchange means XETRA.

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Gross vehicle weight rating means the weight specified by the manufacturer as the loaded weight of a single vehicle.

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • Substantial U.S. Market Interest means “substantial U.S. market interest” as that term is defined in Regulation S;

  • Price Source Disruption means (a) the failure of the Price Source to announce or publish the Reference Price (or the information necessary for determining the Reference Price); or (b) the temporary or permanent discontinuance or unavailability of the Price Source.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • exempt market dealer means a person or company registered in the category of exempt market dealer;

  • GDP price deflator means the average of the four implicit price

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Multiple Exchange Index means an Index identified or specified as such in the definition of Indices.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,