Cross Margining definition

Cross Margining means a scheme of calculating Required Initial Margin for Positions in JGB Futures Contracts designated by JSCC under the Rules5;

Cross Margining means a scheme of calculating Required Initial Margin for Positions in JGB Futures Contracts or Interest Rate Futures Contracts designated by JSCC under the Rules2;

Examples of Cross Margining in a sentence

• Timely comply with all provisions of any Cross Margining Program.

• In order to participate in any such Cross Margining Program, a Clearing Member must execute and deliver such instruments and documents as the Board may prescribe and take such other actions as the Corporation may require in connection therewith.

• Cross Margining(a) The Corporation may establish Cross Margining Programs with one or more Cross Margining Clearing Organizations permitting Clearing Members to subject eligible positions to cross-margining treatment.

• The provisions of such instruments and documents shall be deemed to constitute Rules.(b) Each Clearing Member shall be entitled to participate in the Cross Margining Program and, unless the Corporation determines otherwise, no Clearing Member shall be required to establish a separate cross margining account in order to receive cross margining treatment.Rule 503.

• Each such Cross Margining Program shall be conducted in accordance with a cross margin agreement between the Corporation and one or more Cross Margining Clearing Organizations.

• Amended CME Rule 830 would, as proposed, add definitions distinguishing between a ‘‘Joint Cross-Margining Program,’’ also known as the ‘‘one-pot’’ approach, and a ‘‘Guaranteed Cross- Margining Program,’’ also known as the ‘‘two-pot’’ approach.

• For a Cross Margining User, the required initial margin is calculated, for both JPY-denominated IRS and JGB Futures, by using the same historical simulation (expected shortfall) methodology as the IRS Clearing Business.

• As a consequence, the efficiency argument in favour of centralised CCP clearing market structure has to be squared against the stability argument which favours a more fragmented and reliable structure.(4) Cross Margining and Interoperability.

• Each party acknowledges that during the Term the other party may have to incorporate new equipment into or modify its technical systems, policies or procedures in connection with fulfilling its obligations under this Agreement, including, without limitation, its obligations under the Cross Margining Agreement.

• In order to provide capital and margin efficiencies for market participants trading certain NYMEX Products and CME Globex Contracts, the parties shall enter into the Cross Margining Agreement attached as Exhibit E hereto.