Default Loss definition

Default Loss. Any Realized Loss that is attributable to the related Mortgagor's failure to make any payment of principal or interest as required under the Mortgage Note, excluding Special Hazard Losses (or any other loss resulting from damage to a Mortgaged Property), Bankruptcy Losses, Fraud Losses, or other losses of a type not covered by the subordination provided by the Class B Certificates pursuant to Section 4.04.
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 to a Member by LME Clear (pursuant to Rule 10.3.3) declaring that 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 2.1; "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; “Designated Client Account” means a Client Account operated by a Member on behalf of a Posting Client to which the Client Direct Posting Structure is applicable; "Designated Member Transferee" means a Member that has, pursuant to any Automatic Porting Designation Document, agreed to be treated as a Designated Member Transferee in respect of a Client Account for thepurpose of the application of the Automatic Porting Process;
Default Loss means any loss to Cboe Clear Digital or Exchange associated with the Default of a Clearing Member resulting in any deficit balance in the Clearing Member account; resulting from costs associated with the Clearing Member’s liquidation, transfer, offset, settlement, delivery; Clearing Member’s collateral losses due to the failure or insolvency of a Clearing Member’s depository or settlement bank; and any other costs related to managing the Default of a Clearing Member.

Examples of Default Loss in a sentence

  • The key drivers to be stressed include Probability of Default, Exposure at Default, Loss Given Default and collateral liquidity; Senior Management must be an integral part of the stress testing process, which should not be limited to a simple reporting exercise.

  • The Company’s Credit Risk Management Department develops the methodology to assign Probability of Default, Loss Given Default and Exposure at Default estimates to these pools of exposures with similar risk characteristics, using factors that may include the Fair Isaac Corporation (“FICO”) scores of the borrowers.

  • Settlements will also load the default loss allocation amounts onto Default Loss Type invoice and send the amounts back to Market Clearing.

  • The Dedicated Capital Contribution for the Own Contribution in the event of a Member Default (pursuant to clause 13.1) and the Own Contribution in the event of a Non- Default Loss (pursuant to clause 13.2) is financed in both cases from the reserves of SIX x-clear.

  • NBFCs shall comply with the instructions contained in circular on ‘Guidelines on Default Loss Guarantee (DLG) in Digital Lending’ dated June 08, 2023, as amended from time to time.

  • Preparing various data models for estimation of parameters like Probability of Default, Loss given Default etc.

  • A defaulter’s Contribution shall not be treated as standing to the credit of any client account of the defaulter except to the extent that any Default Loss certified under Rule 23(b) arises in relation to a client account and the Clearing House so requires.

  • Furthermore, with a letter dated 27 November 2018, the ECB informed the Bank that, within the context of TRIM, starting from 21 January 2019, an on-site inspection relating to the internal model on credit risk of the Issuer and the Group will be carried out with respect to parameters Probability to Default, Loss Given at Default and Credit Conversion Factor, in the context of the exposures called Corporate – others.

  • For migrating from stage 3 to stage 2, the duration of the assessment period is 12 months.As a rule, the Savings Banks Group’s assessment of expected credit loss is based on the PD*LGD*EAD model, the components of which are Probability of Default, Loss Given Default and Exposure at Default.

  • Notwithstanding any provision of the Rulebook to the contrary, any loss which relates to a Treasury Account may not be treated as a Default Loss (as defined in Rule 23(b)), whether or not cover has been applied in respect of such loss.