Examples of Collateral Service Agreement in a sentence
The Clearing House reserves the right to terminate a Collateral Service Agreement at any time at its own discretion.
The legal basis underpinning the collateral consists of (i) the Collateral Service Agreement (or equivalent document) (CSA) of the Triparty Collateral Service Provider; (ii) the Clearing Membership Agreement (CMA, for Clearing Members) or Sponsored Principal Clearing Agreement (SPCA, for Sponsored Principals); and (iii) in respect of securities collateral which is transferred pursuant to a Pledged Collateral Addendum, such Pledged Collateral Addendum.
The Collateral Service Agreement defines "Transactional Margin Deficit" as: On any Business Day, with respect to a Transaction, the excess (if any) of: • The Transaction Amount of the Transaction as of such day; over • The sum of the Margined Values of all Collateral Securities and all amounts of Collateral Cash with respect to the Transaction as of such day.
The Custodian will grant a power of attorney in favour of the Collateral Administrator in respect of each Series of Notes (each a "Euroclear Power of Attorney") and pursuant to such Euroclear Power of Attorney, the Collateral Administrator may exercise any of the rights and undertake any of the obligations of the Custodian under the relevant Collateral Service Agreement.
The Collateral Service Agreement defines Haircut Percentage as: The percentage(s) specified in Annex II to the CSA Terms and Conditions, in one or more sets, as such Annex may be amended from time to time.
The Collateral Service Agreement defines Market Value as: On any Business Day, with respect to any Security, the market value of such Security as calculated by the Bank based on pricing information obtained by the Euroclear Operator in the ordinary course of its business using methods and sources described in the Operating Procedures.
The Collateral Service Agreement defines Margin Percentage as: The percentage(s) specified in Annex II to the CSA Terms and Conditions, in one or more sets, as such Annex may be amended from time to time.
This amount is specifically set in the bill and is equivalent to the one-half year amount in the budget baseline for such pro- grams.
Collateral Service Agreement 3.4 In order to use Triparty Collateral a CSA has tomust be signedexecuted between the Clearing Member, the Clearing House and the Provider.
Capitalising on the strengths of their new equipment, the new production lines are expected to improve indices of quality, output and gross ratio of finished products to amortise the manufacture cost, thereby fostering the product competitiveness.