Loss Distribution Process definition

Loss Distribution Process means the process of applying any MTM Flow Adjustment to each clearing account of each SEOCH Participant as described in Clearing Rule 413I;"margin"has the same meaning as in the Options Trading Rules;“Margin Balance”means, in respect of a SEOCH Participant and a clearing account, the aggregate value of Premium, margin and collateral (including any excess collateral) provided by such SEOCH Participant, in each case, as recorded in the corresponding CCMS Collateral Account;“Marks, Margin and Concentration Collateral”has the same meaning as “Mark”, “Margin” and “Concentration Collateral” in the CCASS Rules collectively;“MTM Amount Shortfall(t)”means, in respect of Business Day t, the greater of (1) zero and (2) an amount equal to (i) Total Clearing Accounts Cum MTM(t) plus (ii) any costs, interests or other expenses incurred by SEOCH in effecting the closing, sale, giving-up or exercise of any OCH Contract under Clearing Rule 703 less (iii) resources available to SEOCH including those available to be applied under Clearing Rules 703(10) and 413 with respect to all such events of default but excluding any Assessments which have not been deposited with SEOCH by such day;“MTM Flow Adjustment(t)”means either the Gainer MTM Flow Adjustment(t) or Loser MTM Flow Adjustment(t), as applicable;“MTM Gains Haircut(t)”means, on each Business Day t during the Loss Distribution Period, an amount equal to the (1) MTM Amount Shortfall(t) divided by (2) Total Gains(t), expressed as a percentage figure;"NCP"has the same meaning as in the Options Trading Rules;"NCP Contract"means a contract between a GCP and an NCP made pursuant to these Clearing Rules;“Negative Interest Rate Currency”means a currency in respect of which its central bank or other relevant authority has adopted a negative interest rate policy and is specified by SEOCH as such;“Notice of Assessment”means a written notification provided by SEOCH to SEOCH Participants of any demand for Assessments pursuant to Clearing Rule 413E;"OCH Contract"means a contract between SEOCH and a SEOCH Participant pursuant to a novation in accordance withthese Clearing Rules;
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Loss Distribution Process means the process of applying any VA Flow Adjustment to each clearing account of each HKCC Participant as described in Rules 710 to 714;“Margin Balance”means, in respect of an HKCC Participant and a clearing account, the aggregate value of variation adjustment, margin and collateral (including any excess collateral) provided by such HKCC Participant, in each case, as recorded in the corresponding CCMS Collateral Account;“Notice of Assessment”means a written notification provided by the Clearing House to HKCC Participants of any demand for Assessments pursuant to Rule 707A;“Relevant CP Contracts”means the open Contracts of the relevant HKCC Participant to be terminated under an HKCC Failure to Pay Event as referred to in Rule 547 or 549;“Reserve Fund Deposits Balance”means, on any Business Day, with respect to each HKCC Participant, the aggregate value of the HKCC Participant’s Deposits and HKCC Participant Additional Deposits provided by the HKCC Participant, as reduced by payments out of the Reserve Fund allocated to such HKCC Participant’s Deposits and/or HKCC Participant Additional Deposits, as applicable, in accordance with Rule 706;“Reserve Fund Resources”means the Reserve Fund and any other amounts specified as forming part of the Reserve Fund Resources in the Rules;“Termination Value Payable”means, under the contract termination process, the amount payable by each relevant HKCC Participant to the Clearing House with respect to each of its clearing accounts pursuant to section 2.13.1 of the Clearing House Procedures;“Termination Value Receivable”means, under the contract termination process, the amount payable by the Clearing House to each relevant HKCC Participant with respect to each of its clearing accounts pursuant to section 2.13.1 of the Clearing House Procedures;“Total Clearing Accounts Cum MTM(t)”means, with respect to any Business Day t during the Loss Distribution Period, the sum of the Total Clearing Accounts Currency Cum MTM(t) in all Settlement Currencies;“Total Clearing Accounts Currency Cum MTM(t)”means, with respect to each Business Day t during the Loss Distribution Period, the sum of the Total Clearing Accounts Currency MTM for each Business Day from (and including) the date on which the Clearing House declares an HKCC Participant to be a Defaulter for an event of default to (and including) such Business Day t;“Total Clearing Accounts Currency MTM(t)”means, with respect to each Business Day t during the Loss Distribution Period, the...
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Loss Distribution Process means the process of applying any VA Flow
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Examples of Loss Distribution Process in a sentence

  • Rates Service Loss Distribution Process Where, after a Default, the Clearing House determines that the Rates Service Excess Loss resulting from the Default will exceed the amounts to be applied to it under Rules 15(a) to 15(g) of the Default Rules, the Clearing House may implement the process (the "Rates Service Loss Distribution Process") described in this Rule CS4.

  • Section F9(d) of Schedule 5 (ForexClear Default Fund Supplement) and Section CS3(d) of Schedule 6 (Rates Service Default Fund Supplement) have been updated to reflect the Loss Distribution Process and notes that the Loss Distribution Trigger Amount may only be adjusted up to five times.

Related to Loss Distribution Process

  • Excess Distribution is defined in Section 6.1(d)(iii)(A).

  • Distribution Protocol means the plan for distributing the Settlement Amount and accrued interest, in whole or in part, as approved by the Courts.

  • Excess Distribution Unit is defined in Section 6.1(d)(iii)(A).

  • Excess Distribution Certificate means the certificate, substantially in the form of Exhibit A to the Trust Agreement, evidencing the right to receive payments thereon as set forth in Sections 2.8(j) and 2.9(f) of the Administration Agreement.

  • Class Distribution Amount As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.

  • Class Distribution Order means an order entered by the Court authorizing and directing that the Net Settlement Fund be distributed, in whole or in part, to Authorized Claimants.

  • Main Distribution Frame (MDF) is termination frame for outside facility and inter-exchange office equipment at the central office for DS-0 and DSL services.

  • Main Distribution Frame (MDF) means the termination frame for outside facility and inter-exchange office equipment at the CO.

  • Distribution Tariff means the Distribution Tariff prepared by the Company and approved by the Commission on an interim or final basis, as the case may be;

  • Distribution main means the portion of any main with which a service line is, or is intended to be, immediately connected;

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Distribution Report The meaning specified in Section 10.7(b).

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • Distribution Network means a 'distribution network' as defined in Special Condition E2A of the Transporter's Licence held by each DN Operator;

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level.

  • Distribution Upgrades has the meaning set forth in the CAISO Tariff.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Distribution Reinvestment Plan means the distribution reinvestment plan of the Company approved by the Board and as set forth in the Prospectus.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority: