Cross Margining definition

Cross Margining means a scheme of calculating Required Initial Margin for Positions in JGB Futures Contracts designated by JSCC under the Rules3;
Sample 1
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;
Sample 1

Examples of Cross Margining in a sentence

  • 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.

  • 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.

  • JSCC provides a cross margining service, enabling the risk offset between JPY- denominated IRS and JGB Futures, to Clearing Participants, Affiliates and non-Affiliated customers of the IRS Clearing Business, for whom the Notification of Using Cross Margining has been submitted to JSCC (“Cross Margining User”).

  • Section 1(f) (Available Assets) and Section 1(tt) (Margin) The “Available Assets” definition would be amended to include as assets available in the event of a default any margin posted to the Defaulting Member’s Proprietary Cross-Margining Account, as well as any margin posted to the Defaulting Member’s Market Professional Cross- Margining Account.

  • Strong investments in recent years, many co- financed by Cohesion Policy Funds, have significantly upgraded Spanish transport, telecommunications and energy infrastructure.

  • See also GSD Rule 43 (Cross- Margining Arrangements), supra note 7.banks, and broker-dealers.

  • FICC has also taken steps to assure the segregation of securities that are deposited with FICC or its agents to satisfy Clearing Fund requirements in Market Professional Cross- Margining Accounts and proprietary cross-margining accounts.

  • However, in contrast to the Existing Agreement, the proposed Restated Agreement would provide a different approach to the liquidation process by delineating a sequence of coordinated steps the Clearing 42 See Section 4(b) of the proposed Restated Agreement (Calculation of Cross- Margining Requirements).

  • For purposes of this Rule, the positions in the cross-margin account of a Participating Clearing Member or its Cross- Margining Affiliate at a Cross-Margining Clearing Organization, and the performance bond thereon, shall be considered assets of the Participating Clearing Member available to the Clearing House to the extent provided in the Cross-Margining Agreement between the Clearing House and such Cross-Margining Clearing Organization.

  • As noted above, no changes are required to be made to the FICC–NYPC Cross- Margining Agreement itself.

Related to Cross Margining

  • 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.

  • Retail margin means an amount, reflecting differences in

  • 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.

  • Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the Repurchase Price for such Transaction as of such date;

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

  • 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;

  • Energy efficiency portfolio standard means a requirement to

  • Indices means, subject to Adjustment Provisions, the following indices (and each an Index)

  • Gearing means -1; "Option" means Put;

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

  • 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.

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

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Market Share means the percent of sales of the total available market in an industry, product line or product attained by the Company or one of its business units during a time period.

  • Leverage means the aggregate amount of indebtedness of the Company for money borrowed (including purchase money mortgage loans) outstanding at any time, both secured and unsecured.

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled "International Convergence of Capital Measurements and Capital Standards," including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Productivity as defined in ORS 427.005 means:

  • 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;

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.

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

  • Return on Assets means the percentage equal to the Company’s or a business unit’s Operating Income before incentive compensation, divided by average net Company or business unit, as applicable, assets, determined in accordance with generally accepted accounting principles.

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • MFIPPA means the Municipal Freedom of Information and Protection of Privacy Act.