Loss Distribution Day definition

Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, in consultation with the Rates Service DMG, prior to calling for Collateral in respect of margin or other payment in respect of settlement on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Loss Distribution Day means any Clearing Day in a Loss Distribution Period on which LCH SA, prior to calling for: (i) cover in respect of Margin in accordance with the Clearing Rules; and (ii) required Collateral, on such Clearing Day, determines that the LCH Uncovered Loss for that Clearing Day is greater than zero.
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Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, prior to calling for cover in respect of margin in accordance with the provisions of the Procedures on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Examples of Loss Distribution Day in a sentence

  • Loss Distribution Day: any business day during a Loss Distribution Period on which BME CLEARING, prior to the Margins and Settlements requirement that the CCP must issue in accordance with its regulation, determines that the CCP Loss Not Covered for that day is greater than zero.

  • Cash GainIn respect of any Cash Gainer and any Loss Distribution Day, the amount of Pre- Haircut Gains, Losses and Realized Cash Flows for such Account in respect of such Cash Gainer in respect of such Loss Distribution Day, if positive.

  • If ICE Clear Credit conducts a successful Secondary Auction on any Potential Loss Distribution Day, that day (or, if ICE Clear Credit so determines, the preceding ICE Business Day) shall be the final Loss Distribution Day.

  • Nothing in this Rule 808 shall reduce or offset the obligation of a Cash Loser to pay any MTM or Contractual Payments owed by it in respect of a Loss Distribution Day.

  • If, as of the close of business on a Potential Loss Distribution Day, the Corporation does not determine that the RGD Continuation Conditions are satisfied,or otherwise determines to terminate the Loss Distribution Period, then the Corporation may determine that either (i) that day shall not be a Loss Distribution Day and the Loss Distribution Period shall have terminated as of the last Loss Distribution Day or (ii) that day shall be the final Loss Distribution Day.

  • Cash LoserIn respect of each Contributing Clearing Member and any Loss Distribution Day, each Account in respect of which the Pre-Haircut Gains, Losses and Realized Cash Flows for such Account in respect of such Loss Distribution Day is equal to or less than zero.

  • Cash GainerIn respect of each Contributing Clearing Member and any Loss Distribution Day, each Account in respect of which the Pre-Haircut Gains, Losses and Realized Cash Flows for such Account in respect of such Loss Distribution Day is greater than zero.

  • Nothing in this Rule 807 shall reduce or offset the obligation of a Cash Loser to pay any VM or Contractual Payments owed by it in respect of a Loss Distribution Day.

  • Following the close of business on the ICE Business Day following a Loss Distribution Day (a “Potential Loss Distribution Day”), ICE Clear Credit shall determine, in accordance with Rule 20-605(l)(iv)-(v), whether the RGD Continuation Conditions are satisfied and if so, whether such day should constitute an additional Loss Distribution Day.

  • For the avoidance of doubt, the Loss Distribution Day shall be the date in respect of which a Cash Gainer Adjustment is determined, even though settlement of the related payments occurs on the following Business Day.Loss Distribution PeriodThe period commencing from and including the date specified by the Corporation in a notice following an RGD Determination and ending as determined in Rule 807(d).


More Definitions of Loss Distribution Day

Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, prior to calling for Collateral in respect of margin on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Related to Loss Distribution Day

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.