Current Exposure means the larger of zero or the market value of a transaction or portfolio of transactions within a netting set with a counterparty that would be lost upon the default of the counterparty, assuming no recovery on the value of those transactions in bankruptcy.
Current Exposure means the positive value of a transaction or a portfolio of transactions within a netting set (if the value is negative, current exposure is zero) that would be lost upon the default of the counterparty, assuming no recovery on the value of those transactions in the event of bankruptcy of that counterparty;
Current Exposure means the loss that a central counterparty would face immediately if a clearing member or counterparty were to default;
Examples of Current Exposure in a sentence
This is based on the Current Exposure method as per RBI master circular on Exposure norms.
Since its inception in October 2001, the IKO has been the global leader in kiteboarding education and training.
The Current Exposure Method requires periodical calculation of the current credit exposure by marking these contracts to market.
The Current Exposure Method requires periodical calculation of the current credit exposure by marking these contracts to market, thus capturing the current credit exposure.
The bank has adopted Current Exposure Method for monitoring credit exposures.
More Definitions of Current Exposure
Current Exposure means, as of any time, the aggregate Supply Cost for all Crude Oil that has been delivered by Supplier to Coffeyville hereunder that remains unpaid as of such time, plus all other amounts invoiced under Section 7.3 that remain unpaid as of such time, plus the positive or negative mxxx-to-market exposure (as determined by Supplier in a commercially reasonable manner) with respect to all Spread Adjustments that at such time have not been allocated to a Sale Contract.
Current Exposure means the loss that a clearing house or, in some cases, its participants would face immediately if a participant were to default, being the market value or replacement cost of a transaction, or portfolio of transactions within a netting set, with the participant that would be lost upon the latter’s default;
Current Exposure means, as of any time, the aggregate Supply Cost for all Crude Oil that has been delivered by Supplier to Coffeyville hereunder that remains unpaid as of such time, plus all other amounts invoiced under Section 7.3 that remain unpaid as of such time, plus the positive or negative mark-to- market exposure (as determined by Supplier in a commercially reasonable manner) with respect to all Sales Contracts and Spread Adjustments that at such time are outstanding.
Current Exposure means, with respect to a Company-Generation Sub and the CECG Power Purchase Agreement to which it is a party, for any given month, the positive difference, if any, between (i) the aggregate amount of Hedge Payments (as defined in the relevant CECG Power Purchase Agreement) due and payable by CECG (or its permitted successors or assigns) in connection with delivery of Fixed Product (as defined in the relevant CECG Power Purchase Agreement) during such month pursuant to such CECG Power Purchase Agreement and (ii) the aggregate sum of, for each hour during such month, the product of (x) with respect to Xxxxxxx Cliffs Nuclear Power Plant, Inc., the Day-Ahead Energy Market LMP hourly price (in $/MWh) corresponding to the Delivery Point (as defined in the relevant CECG Power Purchase Agreement) as published by PJM, or with respect to the other Company-Generation Subs, the Day-Ahead Market Generator LBMP hourly price (in $/MWh) corresponding to the Delivery Point (as defined in the relevant CECG Power Purchase Agreement), as published by the NYISO, and (y) the quantity of Fixed Product (as defined in the relevant CECG Power Purchase Agreement) delivered to CECG for such hour pursuant to such CECG Power Purchase Agreement.
Current Exposure means the larger of zero or the market value of a transaction or portfolio of transactions within a netting set with a counter party which would be lost upon the default of the counter party, assuming no recovery on the value of those transactions in bankruptcy.
Current Exposure means, as of any time, the aggregate Supply Cost for all Crude Oil that has been delivered by Supplier to Coffeyville hereunder that remains unpaid as of such time, plus all other amounts invoiced under Section 7.3 that remain unpaid as of such time, plus the positive or negative xxxx-to-market exposure (as determined by Supplier in a commercially reasonable manner) with respect to all Spread Adjustments that at such time have not been allocated to a Sale Contract. “Cut-Off Date” means, for any calendar month, the penultimate day prior to the day on which the NYMEX prompt month WTI contract for that month ceases trading. “Daily Carrying Value” has the meaning specified in Exhibit E. “Default Interest Rate” means the lesser of (i) the per annum rate of interest calculated on a daily basis using the prime rate published in the Wall Street Journal for the applicable day (with the rate for any day for which such rate is not published being the rate most recently published) plus two hundred (200) basis points and (ii) the maximum rate of interest permitted by Applicable Law. “Defaulting Party” has the meaning specified in Section 17.2(a). “Delivery Point” means the outlet flange of the meter at the connection between the Plains Pipeline System and the pipeline connection at Xxxxxx Station where the Crude Oil is withdrawn and pumped into the CRCT Pipeline. “Designated Affiliate” means (i) in the case of Supplier, Xxxxxxx, Xxxxx & Co. or Xxxxxxx Sachs Capital Markets, L.P. and (ii) in the case of Coffeyville, Coffeyville Resources, LLC. “Designated Pricing Period” has the meaning specified in Section 10.1 (a). “Eligible Forms of Assurance” has the meaning specified in Section 11.3(b). “Environmental Law” means any existing or past Applicable Law, policy, judicial or administrative interpretation thereof or any legally binding requirement that governs or purports to govern the protection of persons, natural resources or the environment (including the protection of ambient air, surface water, groundwater, land surface or subsurface strata, endangered species or wetlands), occupational health and safety and the manufacture, processing, distribution, use, generation, handling, treatment, storage, disposal, transportation, release or management of solid waste, industrial waste or hazardous substances or materials. “Event of Default” means an occurrence of the events or circumstances described in Section 17.1. “Expiration Date” has the meaning specified in Section 3.1.
Current Exposure means, as of any Business Day, (a) the sum, without duplication, of (i) the Current Xxxx-to-Market of all Post-Unwind Start Date Transactions, (ii) all cash, letters of credit, surety bonds and any cash equivalents posted by the Merrill Parties under this Agreement, (iii) the aggregate amount of all outstanding ML Guarantees (other than any ML Guarantee of a Post-Unwind Start Date Transaction) and (iv) Current Payables, in each case, as determined by the Merrill Parties as of such Business Day and set forth in the related Exposure Report; provided that for purposes of the foregoing (1) Current Xxxx-to-Market shall