Initial Margin Threshold definition

Initial Margin Threshold means, on any date of determination, (a) the sum, aggregated for all Transactions, of the product of (i) the Initial Margin Percentage applicable to such Transaction multiplied by (ii) the Notional Amount of such Transaction on such date divided by (b) the Portfolio Notional Amount on such date.
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Examples of Initial Margin Threshold in a sentence

  • CSEs that exceed the APRA Initial Margin Threshold transacting with APRA covered counterparties that also exceed the APRA Initial Margin Threshold would be required to collect and post initial margin and variation margin in amounts and with frequencies that are comparable to the same requirements under the CFTC Margin Rule (as discussed elsewhere in this determination).

  • Given that the initial margin thresholds serve the same purpose and are of approximately the same magnitude, the Commission has concluded that the application of the APRA Initial Margin Threshold is comparable in purpose and effect to the CFTC “material swaps exposure” threshold.

  • General Application of Initial and Variation Margin Requirements Initial Margin Threshold The Final Rules permit a Covered Swap Entity to adopt a maximum initial margin threshold amount of $50 million, below which it need not collect or post initial margin.

  • Although the “material swaps exposure” threshold under the CFTC Margin Rule (denominated in USD) is currently lower than the APRA Initial Margin Threshold (denominated in AUD), the Commission recognizes that they are of approximately the same magnitude and further differences are largely attribut- able to fluctuating AUD/USD exchange rates.

  • Given that the initial margin thresholds serve the same purpose and are of approximately the same magnitude, the Commission hasconcluded that the application of the APRA Initial Margin Threshold is comparable in purpose and effect to the CFTC ‘‘material swaps exposure’’ threshold.

  • Although the ‘‘material swaps exposure’’ threshold under the CFTC Margin Rule (denominated in USD) is currently lower than the APRA Initial Margin Threshold (denominated in AUD), the Commission recognizes that they are of approximately the same magnitude and further differences are largely attributable to fluctuating AUD/ USD exchange rates.

  • Given that the initial margin thresholds serve the same purpose and are of relatively similar magnitudes, the Commission has concludedthat the JFSA Initial Margin Threshold is comparable in purpose and effect to the CFTC “material swaps exposure” threshold.

  • In FY 95, the abuse rate for children in family cases was 19 per 100 children in care for 1 year.

  • Note that the Ministry of Natural Resources and Environment is in the process of drafting a new decree to replace Decree 51.Decree 51 and its guiding regulations are not clear in determining the sea areas and licensing regulations to use sea areas.

  • Initial Margin Threshold AmountThe Final Rules provide a special initial margin threshold amount of $20 million for purposes of calculating the amount of initial margin to be collected from each affiliate that is a Covered Swap Entity or the amount of initial margin that would have been posted to an affiliate that is a Material Financial End User.

Related to Initial Margin Threshold

  • 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.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • Subsequent Margin means the margin specified as such in the applicable Final Terms;

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Threshold Percentage means 15%.

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • 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.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Total risk-based capital ratio means the Total Risk-Based Capital Ratio determined in accordance with the rules and regulations of the appropriate Regulatory Authority as from time to time in effect, and any successor or other regulation or official interpretation of said Regulatory Authority relating thereto.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • 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.[Signature Page Follows]