Expected Auction Participant definition

Expected Auction Participant means, in respect of an OTC Auction Portfolio, any Non-Defaulting SCM who, at the time the Clearing House declares a Default, has at least one Resembling Contract registered in its name;
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Expected Auction Participant means, in respect of an Auction Portfolio, any Non- Defaulting FXCCM who, at the time of the relevant Default, has at least one Resembling Contract registered in its name;
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Expected Auction Participant means, in respect of an OTC Auction Portfolio, any Non-Defaulting SCM who, at the time of the relevant Default, has at least one Resembling Contract registered in its name and, in respect of a Basis Portfolio, each Non-Defaulting Joint Rates Service Clearing Member;
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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.

Related to Expected Auction Participant

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Participant has the meaning specified in Section 10.06(d).

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Market Participant means an entity that, for its own account, produces, transmits, sells, and/or purchases for its own consumption or resale capacity, energy, energy derivatives and ancillary services in the wholesale power markets. Market Participants include transmission service customers, power exchanges, Transmission Owners, load serving entities, loads, holders of energy derivatives, generators and other power suppliers and their designated agents.