Loss Distribution Trigger Amount definition

Loss Distribution Trigger Amount means, in respect of any Loss Distribution Period and any Non-Defaulting Rates Service Clearing Member, an amount equal to either (i) twice the Rates Service Contribution of such Non-Defaulting Rates Service Clearing Member as at the last Rates Service Determination Date prior to the date when the Default occurred at the beginning of that Loss Distribution Period or £200 million, whichever is the greater; or (ii) an amount as approved by the Requisite Non-Defaulting Rates Service Clearing Members following a Revised Loss Distribution Proposal as described in paragraph (d) of this Rule CS4.
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Loss Distribution Trigger Amount means, in respect of any Loss Distribution Period and any Non-Defaulting FXCCM, an amount equal to either
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Loss Distribution Trigger Amount means, in respect of any Loss Distribution Period and any Non-Defaulting FXCCM, an amount equal to either (i) twice the ForexClear Contribution of such Non-Defaulting FXCCM as at the last ForexClear Determination Date prior to the date when the Default occurred at the beginning of that Loss Distribution Period or $200 million, whichever is the greater; or (ii) an amount as approved by the Requisite Non- Defaulting FXCCMs following a Revised Loss Distribution Proposal as described in paragraph (d) of this Rule F9.
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Examples of Loss Distribution Trigger Amount in a sentence

  • 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.

  • If more than 50% of Non-Defaulting Rates Service ClearingMembers do not participate in such vote and/or if the Requisite Non- Defaulting Rates Service Clearing Members do not vote in favour of the Revised Loss Distribution Proposal, the Loss Distribution Period shall not be extended and the Loss Distribution Trigger Amount shall not be increased in accordance with the Revised Loss Distribution Proposal.

  • For the avoidance of doubt, theThe Loss Distribution Cut-Off Date and Loss Distribution Trigger Amount may only be adjusted one or moreup to five times in respect of a single Defaultthe Loss Distribution Period in accordance with the processes set forth in pursuant to this paragraph (d)(i).

  • For the avoidance of doubt, theThe Loss Distribution Cut- Off Date and Loss Distribution Trigger Amount may only be adjusted up to five times one or more times in respect of a single DefaulttheLoss Distribution Period in accordance with the processes set forth in pursuant to this paragraph (d).

  • If more than 50% of Non-Defaulting FXCCMs do not participate in such vote and/or if the Requisite Non-Defaulting FXCCMs do not vote in favour of the Revised Loss Distribution Proposal, the Loss Distribution Period shall not be extended and the Loss Distribution Trigger Amount shall not be increased in accordance with the Revised Loss Distribution Proposal.