Listed Interest Rates Service definition

Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations
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Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations"lot"means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract. In relation to a contract other than an exchange contract, the standard unit or quantity prescribed by the relevant contract terms"LSE"means the London Stock Exchange plc or any successor in title"Mandatory ForexClear Swap Contract"means a ForexClear Swap Contract that is entered into for and on behalf of an Affected and/or Non-Affected ForexClear Option Clearing Member by the Clearing House acting pursuant to Regulation 101(d)(v) or Regulation 101(h) and Regulation 105"Mandatory ForexClear Swap Limit"means, in respect of a given day, a given ForexClear Currency and a given ForexClear Option Clearing Member, the maximum amount of Mandatory ForexClear Swap Transactions denominated in that ForexClear Currency that the Clearing House shall be entitled to enter into on that day on behalf of that ForexClear Option Clearing Member in accordance with Regulation 101(d)(v), as determined in accordance with the Procedures"Mandatory ForexClear Swap Limit Cap"means, in respect of a ForexClear Currency and all ForexClear Option Clearing Members, USD1,000,000,000 (or the equivalent denominated in the relevant ForexClear Currency) (as amended from time to time in accordance with the Regulations)"Mandatory Settlement ForexClear Swap Contract"means a ForexClear Swap Contract that is entered into for and on behalf of an Impacted and/or Non-Impacted ForexClear Option Clearing Member by the Clearing House acting pursuant to Regulation 100(k), Regulation 100(l) and Regulation 105"margin"means initial margin, variation margin and/or any other amounts required to be transferred and maintained under Regulation 20(a) (Margin and Collateral)"Margin Cover"has the meaning ascribed to such term in Default Rule 15(a)"Margin Shortfall"has the meaning assigned to it in Section 1.3.3 (Client Buffer, SwapClear Tolerance and Standing Order Amount) of Section 2C (SwapClear Clearing Service) of the Procedures
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Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations"lot"means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract. In relation to a contract other than an exchange contract, the standard unit or quantity prescribed by the relevant contract terms"LSE"means the London Stock Exchange plc or any successor in title"LSE Derivatives Markets Account"means an account maintained in the name of LSE by the Clearing House pursuant to Regulation 10 in which LSE Derivatives Markets Cleared Exchange Contracts may be registered pursuant to Regulation 77 or Regulation 81 or in such other circumstances as may be agreed between LSE and the Clearing House from time to time"LSE Derivatives Markets Clearing Client"means, in respect of LSE Derivatives Markets Client Clearing Business, an Individual Segregated Account Clearing Client, Indirect Gross Account Clearing Client or Omnibus Segregated Clearing Client"LSE Derivatives Markets Clearing House Business"means LSE Derivatives Markets Cleared Exchange Contracts entered into by a LSE Derivatives Markets Clearing Member with the Clearing House on a proprietary basis and for its own account"LSE Derivatives Markets Client Clearing Business"means the provision of LSE Derivatives Markets Client Clearing Services by a LSE Derivatives Markets Clearing Member"LSE Derivatives Markets Client Clearing Services"means the entering into of LSE Derivatives Markets Cleared Exchange Contracts by a LSE Derivatives Markets Clearing Member in respect of its Individual Segregated Account Clearing Clients, Indirect Gross Account Clearing Clients and/or Omnibus Segregated Clearing Clients"LSE Derivatives Markets Cleared Exchange Contract"means a Contract entered into by the Clearing House in accordance with the LSE Derivatives Markets Regulations"LSE Derivatives Markets Clearing Member"means a Member authorised by the Clearing House to participate in the LSE Derivatives Markets Service"LSE Derivatives Markets Contract Specification"means, in respect of an LSE Derivatives Markets Eligible Product, the relevant contract specification set out in the LSE Derivatives Markets Rules.
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Examples of Listed Interest Rates Service in a sentence

  • However it should be noted that, regardless of whether or not a Joint Rates Service Clearing Member opts in, the SwapClear Service and Listed Interest Rates Service share a common default fund.

  • In particular, the resources of a Clearing Member that is a member of the SwapClear Service and the Listed Interest Rates Service will be made available to cover the Clearing House’s losses in a different manner to those of a Clearing Member that is only a member of one of those Services, regardless of whether that Clearing Member opts-in to the Portfolio Margining Service.

  • In addition, Rates Service Clearing Members and/or their parent companies and/or subsidiaries and/or fellow subsidiaries, have direct interests in the ongoing integrity of the SwapClear Service and Listed Interest Rates Service, notably as contributors to the various default funds of the Clearing House.

  • Portfolio Margining The Portfolio Margining Service is an optional service available which provides portfolio-margining functionality in respect of pairs of accounts which are held in the SwapClear Service and the Listed Interest Rates Service.

  • This potentially enables the transfer of Eligible Listed Interest Rates Contracts between a Listed Interest Rates Service Client Account and a SwapClear Client Account, in order to reduce the amount of collateral that must be provided to LCH in respect of Contracts recorded to such Client Accounts.

  • The SwapClear Service and the Listed Interest Rates Service are combined into one single service (the “Rates Service”), which shares a common default fund and default management arrangements.

  • Therefore, for example, a Non- Porting Client that participates only in the Listed Interest Rates Service may find that its positions in Listed Interest Rates Contracts are notionally referenced in a Hedged Account that also contains SwapClear Contracts in the same currency of other Non-Porting Clients.

  • Therefore, for example, a Non-Porting Client that participates only in the Listed Interest Rates Service may find that its positions in Listed Interest Rates Contracts are notionally referenced in a Hedged Account that also contains SwapClear Contracts in the same currency of other Non-Porting Clients.

  • LCH operates both SwapClear, an OTC interest rate derivatives clearing service, and Listed Interest Rates Service, an on-exchange interest rate derivatives clearing service that currently clears contracts traded on NASDAQ OMX NLX.


More Definitions of Listed Interest Rates Service

Listed Interest Rates Service means the Service provided by the Clearing House under the
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Listed Interest Rates Service means the Service provided by the Clearing House under the Listed Interest Rates Regulations "lot" means the standard unit or quantity prescribed by an Exchange, with the approval of the Clearing House, as the trading unit of an exchange contract.
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Listed Interest Rates Service means the clearing service of the Clearing House relating
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Related to Listed Interest Rates Service

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Cap means a Cap.