Default Fund Contribution definition

Default Fund Contribution means a contribution to the relevant Default Fund made by Members in accordance with the Contractual Relationship, in particular the Financial Collateral Agreement;
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Default Fund Contribution means a contribution to the relevant Default Fund Segment made in accordance with the Financial Collateral Agreements, these GTC Norwegian Branch and the Clearing Terms;
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Default Fund Contribution means a contribution to the Default Fund made in accordance with the Trading Platform Specific GTCB and the Clearing Terms;
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Examples of Default Fund Contribution in a sentence

  • Each Clearing Member's Default Fund Contribution is held on a separate account.

  • Each RCM's Default Fund Contribution is held on a separate account.

  • Each SCM's Default Fund Contribution is held on a separate account.

  • In recalculating the Upfront Default Fund Contribution in such circumstances, the Clearing House shall also take into account how much of the previous Upfront Default Fund Contribution of such non-defaulting Clearing Member has been applied in covering losses associated with such Relevant Transaction Type.

  • The Clearing House may vary the criteria upon which the Upfront Default Fund Contribution is calculated from time to time and such changes shall become effective immediately upon publication of the updated Clearing Procedures, unless otherwise specified in the Clearing Procedures.

  • Each Clearing Member agrees and acknowledges that, for the purpose of supporting the obligations of the Clearing House with respect to the Relevant Transaction Type to which such Default Fund relates, it has an unconditional obligation to pay its Supplemental Default Fund Contribution in cash if required to do so by the Clearing House.

  • Unless otherwise provided in the Clearing Procedures, the Supplemental Default Fund Contribution of each non-defaulting Clearing Member which participates in the relevant Default Fund shall be an amount equal to the Upfront Default Fund Contribution that was determined as due from such non-defaulting Clearing Member with respect to such Default Fund at the beginning of the relevant Capped Period.

  • The ForexClear Service also provides for a separate account for each FXCCM's ForexClear Default Fund Contribution with the account code "F".

  • Subject to paragraph (c) of this Article, the required Upfront Default Fund Contribution of each Clearing Member who participates in a Default Fund shall be calculated on each Default Fund Determination Date proportionally by reference to the average Margin requirement of the relevant Clearing Member for such Relevant Transaction Type during the period preceding such Default Fund Determination Date as determined in accordance with the Clearing Procedures.

  • To the extent an Upfront Default Fund Contribution is calculated in accordance with paragraph (a) of this Article for a new Clearing Member who will participate in clearing such Relevant Transaction Type, the Clearing House shall determine their proportion by reference to their projected clearing activity in such Relevant Transaction Type.


More Definitions of Default Fund Contribution

Default Fund Contribution means, as the context may require: (a) the amount to be contributed by a Member to the Default Fund; or(b) the amount contributed at any time by a Member to the Default Fund,in accordance with Rule 9 (Default Fund);"Default Loss"means any Loss incurred by LME Clear as a result of a failure by a Member to fulfil its obligations to LME Clear;"Defaulting Member"has the meaning set out in Rule 10.3.4;"Default Management Committee"has the meaning set out in Default Procedure C5.1;"Default Notice"means a notice issued by LME Clear (pursuant to Rule 10.3.2) declaring a Member to be a Defaulting Member;"Default Period"has the meaning set out in Rule 10.10.6;"Default Procedures"means the Procedures appended to the Rules, under the title "Default Procedures";"Default Requirements"means the default requirements for the time being applicable under EMIR, Part VII of the Companies Act 1989 and the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001;"Default-Specific Cap"has the meaning set out in Rule 10.10.4(a);"Default-Specific Replenishment Notice"has the meaning set out in Rule 10.10.1(e);"Defence"has the meaning set out in Membership Procedure A;"Delivery Adjustment Settlement"means a payment due to or from a Member in respect of a delivered Underlying Asset, which shall take effect as a post- delivery adjustment to the Settlement Payment; and such Delivery Adjustment Settlement shall, for the avoidance of doubt, represent a Payment Obligation for the party that is due to make such payment;"Delivery Obligation"means the obligation under a Contract for the Seller to deliver Underlying Assets to the Buyer;"Delivery Position"means a Position in respect of a Contract under which the Seller has a Delivery Obligation;
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Related to Default Fund Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Member contribution means a contribution under regulation 32;

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Excess Contribution means a contribution that exceeds the

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • State contribution means the lesser of:

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Qualifying contribution means, with respect to a

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.