Initial Margin Amount definition

Initial Margin Amount has the meaning specified in Section 4.3.
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Initial Margin Amount means, as to any Clearing Member as of any day, the quotient derived by dividing by three (3) the sum of such Clearing Member’s Initial Margin requirement for such Clearing Member’s House Account and Customer Account as determined by the Clearing House for the final trading day of each of the prior three calendar months (or for such other day in such months as the Board shall direct generally).
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Initial Margin Amount means, as to any Clearing Member as of any day, such Clearing Member’s Initial Margin requirement for such Clearing Member’s House Account and Customer Account as determined by the Clearing House for the trading day (or for such other day in such months as the Board shall direct generally).
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Examples of Initial Margin Amount in a sentence

  • The value of each Account Class Risk Factor is calculated as the proportion that the Required Initial Margin Amount in respect of each set of Rates Services Contracts bears to the aggregate Required Initial Margin Amount of all Rates Service Contracts that are transferred into the Hedged Account at the time such Clearing Client becomes a Non-Porting Client (i.e. at the time of transfer of the Rates Service Contracts into the Hedged Account).

  • For the avoidance of doubt, the Existing Non-Porting Clients Combined Account Class Risk Factor is calculated without respect to the Required Initial Margin Amount of the transferred Rates Service Contracts referable to the New Non- Porting Clients.

  • Required Initial Margin Amount in respect of Clearing Contract (Customer Account) The Required Initial Margin Amount of a Clearing Contract (Customer Account) shall be the total amount of the amount calculated using the formula set forth in Paragraph 1 above in respect of each Customer Transaction Account.

  • The manner of notification to a Clearing Participant of its Required Initial Margin Amount prescribed by JSCC as set forth in Paragraph 4 of Article 64 of the Business Rules shall be the method using the CDS Clearing System.

  • The Existing Non-Porting Clients Combined Account Class Risk Factor shall be based on the Required Initial Margin Amount of all Rates Service Contracts and associated hedge positions held in the Hedged Account at the beginning of the day on which New Non-Porting Clients are included in the Hedged Account (i.e. at a time prior to the transfer of the Rates Service Contracts referable to New Non-Porting Clients into the Hedged Account).

  • The Required Initial Margin Amount for each Clearing Contract subject to Brokerage shall be calculated by JSCC in accordance with the Business Rules, etc.

  • The measures to raise the Required Initial Margin Amount set forth in Article 32 of the Business Rules shall be taken by the method of regarding the amount calculated in accordance with the multiplier prescribed by JSCC through notification as the Extra Required Initial Margin Amount.

  • Party B shall deposit with JSCC the Initial Margin in the amount no less than the Required Initial Margin Amount for each Clearing Contract subject to Brokerage (or, if otherwise agreed between Party A and Party B, the larger of the amount calculated under such agreement or the Required Initial Margin Amount) (hereinafter referred to as “Required Deposit Amount”).

  • The amount equivalent to the Required Initial Margin Amount multiplied by the ratio prescribed by JSCC through notification; b.

  • The Clearing Member’s Initial Margin Amount shall be divided by its adjusted net capital calculated pursuant to CFTC Regulation 1.17.


More Definitions of Initial Margin Amount

Initial Margin Amount with respect to GMAC IM, means $0, and with respect to GMAC Mortgage, means $0 unless otherwise stated in the confirmation for a Transaction.
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Initial Margin Amount means, with respect to any Transaction:
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Initial Margin Amount means, as to any Clearing Member as of any day, such Clearing Member’s Initial Margin requirement for such Clearing Member’s House Account and Customer Account
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Related to Initial Margin Amount

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.