Collateral Margin definition

Collateral Margin means assets (pledged securities or cash) provided to the Clearing House for the purpose of margining on the OTC FX Futures contracts.
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Collateral Margin means 0.015% per annum; and
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Collateral Margin means (subject to Clause 19 (Collateral)):
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Examples of Collateral Margin in a sentence

  • The Clearing House creates and manages a clearing liquidity guarantee system for Transactions executed on the exchange based on the cash collected in the Transaction Margin Sub-Accounts and the Collateral Margin Sub-Accounts of the Clearing House Members in the Settlement Bank and based on recognized non-cash collateral entered in the Non-Cash Collateral Register, subject to the provisions of sec.

  • Cash collected in the Collateral Margin Sub-Account shall be updated automatically, based on payment orders submitted by IRGiT on every business day.

  • Tax on interest rate benefits on cash contributed by Clearing House Members to Collateral Margin Sub- Accounts and to Transaction Margin Sub-Accounts shall be withdrawn in the first week of every month for the previous month, while tax on benefits in the form of cash contributed to the Guarantee Fund shall be withdrawn on a quarterly basis together with the update of contributions to this Fund.

  • Benefits resulting from a positive interest rate on cash contributed by Clearing Members to Collateral Margin Sub-Accounts in the Settlement Bank shall be transferred to Clearing House Members on the business day following the date of their receipt during the collateral margin update, by reducing or increasing the amount resulting from the margin update.

  • Tax on interest rate benefits on cash contributed by Clearing House Members to Collateral Margin Sub-Accounts and to Transaction Margin Sub-Accounts shall be withdrawn in the first week of every month for the previous month, while tax on benefits in the form of cash contributed to the Guarantee Fund shall be withdrawn on a quarterly basis together with the update of contributions to this Fund.

  • Interest rate benefits on cash contributed by Clearing House Members to Collateral Margin Sub-Accounts in the Settlement Bank shall be transferred to Clearing House Members on the business day following the date of their receipt during the collateral margin update, by reducing or increasing the amount resulting from the margin update.2. Until Clearing House Members receive the benefits referred to in sec.

  • KBC shall be entitled to set off claims and apply cash (including in currency) and Financial Instruments held for the Client for whatever cause (including as Collateral, Margin or Cover) against obligations of the Client, without prior notice or Court order, at any time and notwithstanding any events (including attachment, insolvency, liquidation or assignment of or by the Client).

  • Notwithstanding the use of expressions such as "borrow", "lend", "Collateral", "Margin", "redeliver" etc.

  • The Client shall not, and shall procure that any other Security Party shall not, sell, transfer, assign, encumber, pledge, create any further mortgage, charge or lien over or security interest in, dispose of or otherwise deal with the Collateral, Margin or any part thereof or any interest therein without the prior written consent of the Bank.

  • For the avoidance of doubt, this includes transferring any Open Ppositions maintained in such account, or any account carried by such Clearing Member and any associated collateral (referred to herein as Porting Base Initial Margin Collateral) Margin Deposits held by the Corporation in respect of such account, to another Clearing Member as contemplated in Section A-401(3)(b) of the Rules.


More Definitions of Collateral Margin

Collateral Margin means zero per cent. per annum. Day Count Fraction: Actual/360. Primary Source: The Primary Source for the Collateral Benchmark is Bloomberg Page USD003M as at 11.00 a.m. London time on the Interest Determination Date, or, if the relevant rate does not appear on such Bloomberg page, then USD-LIBOR-Reference Banks (to be specified by the Calculation Agent, if required). Interest Determination Date: The Interest Determination Date for the interestrate specified in paragraph 12(2) is two Business Days in London prior to the first day of each Interest Period. Calculation Agent: The Calculation Agent for the Notes will be the Swap Calculation Agent (as defined in paragraph 20). All communications by Deutsche Bank AG, London Branch in its capacity as Calculation Agent will be made by Deutsche Bank AG, London Branch Swaps Desk to Deutsche Bank AG, London Branch – Trust & Securities Services. All communications to Deutsche Bank AG, London Branch in its capacity as Calculation Agent should be made to Deutsche Bank AG, London Branch – Trust & Securities Services. The Calculation Agent shall cause the Interest Rate for each Interest Period determined by it, together with the relevant Interest Payment Date, to be notified to the Issuer, each of the Paying Agents and the Irish Stock Exchange as soon as possible after their determination but in no event later than the commencement of the relevant Interest Period. Additional Interest Amounts: The "Additional Interest Amount" in respect ofthe Adjustment Period for each Credit Event and a Reference Obligation shall be determined by the Calculation Agent as the product of:
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Collateral Margin means each amount expressed as a percentage under the column titled "Collateral Margin" on schedule 1;
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Collateral Margin means 0.03 per cent. per annum; and
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Collateral Margin means the amount to be deposited by the Obligors in the Collateral Margin Account being an amount equal to 20% of the amount borrowed by the Obligors from the Issuer;
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Collateral Margin means 0.55 per cent. per annum until 24th September, 2009 and plus
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Related to Collateral Margin

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

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

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

  • Retail margin means an amount, reflecting differences in

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Interest Margin Except as set forth in the following sentence, with respect to each Class of Regular Certificates, the following percentages: Class I-A Certificates, 0.150%; Class II-A-1 Certificates, 0.050%; Class II-A-2 Certificates, 0.110%; Class II-A-3 Certificates, 0.160%; Class II-A-4 Certificates, 0.240%; Class M-1 Certificates, 0.270%; Class M-2 Certificates, 0.310%; Class M-3 Certificates, 0.330%; Class M-4 Certificates, 0.380%; Class M-5 Certificates, 0.420%; Class M-6 Certificates, 0.510%, Class M-7 Certificates, 0.950%, Class M-8 Certificates, 1.100%, Class M-9 Certificates, 1.950%, Class M-10 Certificates, 2.000% and Class M-11 Certificates, 2.000%. On the first Distribution Date after the Optional Termination Date, the Interest Margins shall increase to the following percentages: Class I-A Certificates, 0.300%; Class II-A-1 Certificates, 0.100%; Class II-A-2 Certificates, 0.220%; Class II-A-3 Certificates, 0.320%; Class II-A-4 Certificates, 0.480%; Class M-1 Certificates, 0.405%; Class M-2 Certificates, 0.465%; Class M-3 Certificates, 0.495%; Class M-4 Certificates, 0.570%; Class M-5 Certificates, 0.630%; Class M-6 Certificates, 0.765%, Class M-7 Certificates, 1.425%, Class M-8 Certificates, 1.650%, Class M-9 Certificates, 2.925%, Class M-10 Certificates, 3.000% and Class M-11 Certificates, 3.000%.

  • Necessary Margin for CFD trading shall mean the necessary margin required by the Company so as to maintain Open Positions.

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • 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;

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

  • Collateral Floating Percentage means, with respect to any Distribution Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Adjusted Invested Amount as of the close of business on such last day; provided, however, that with respect to the first Monthly Period, the Collateral Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Collateral Rate means, for any Interest Period, the rate specified in the Loan Agreement.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

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

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable ABR Margin means, at any date:

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.915 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.025 % 1.025 % BBB by Standard & Poor’s Baa2 by Moody’s 0.125 % 1.125 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.300 % 1.300 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.300% as to any Base Rate Advance and 1.300% as to any LIBO Rate Advance.

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.