Examples of Expected Auction Participant in a sentence
Each Non-Defaulting SCM agrees to use all reasonable efforts to make a bid in an Auction for an OTC Auction Portfolio in respect of which it is an Expected Auction Participant and each Non-Defaulting Joint Rates Service Clearing Member agrees to use all reasonable efforts to make a bid in an Auction for a Basis Portfolio.
For the purposes of this sub- paragraph (ii) and sub-paragraph (ii) of Rule 2.5(f), the term " Short Bidder" means any FXCCM who is an Expected Auction Participant and who submitted an unsuccessful bid in the relevant Auction save for any FXCCM who submitted a higher bid in an Auction than the bid accepted by the Clearing House in accordance with Rule 2.3(d) (each such FXCCM, a "Higher Bidder" and each such bid, a "Higher Bid").
If and to the extent there are Auction Losses outstanding after the attribution process in subparagraph (iv) above, those Auction Losses will be attributed to the remaining AIP Amounts of the Remaining Expected Auction Participant Short Bidders for the Auction Portfolio in accordance with this sub-paragraph (v).
For the purposes of this sub- paragraph (ii) and sub-paragraph (ii) of Rule 2.5(f), the term "Short Bidder" means any FXCCM who is an Expected Auction Participant and who submitted an unsuccessful bid in the relevant Auction save for any FXCCM who submitted a higher bid in an Auction than the bid accepted by the Clearing House in accordance with Rule 2.3(d) (each such FXCCM, a "Higher Bidder" and each such bid, a "Higher Bid").
For the purposes of this sub-paragraph (ii) and sub- paragraph (ii) of Rule 2.5(f), the term " Short Bidder" means any FXCCM who is an Expected Auction Participant and who submitted an unsuccessful bid in the relevant Auction save for any FXCCM who submitted a higher bid in an Auction than the bid accepted by the Clearing House in accordance with Rule 2.3(d) (each such FXCCM, a "Higher Bidder" and each such bid, a "Higher Bid").
Each Non-Defaulting FXCCM agrees to use all reasonable efforts to make a bid in an Auction for an Auction Portfolio in respect of which it is an Expected Auction Participant.