Margin Surcharge definition

Margin Surcharge means that portion of each Clearing Member’s Guaranty Fund Deposit Requirement that is based upon the ratio of the Clearing Member’s Net Margin to Capital as determined pursuant to paragraph (b)(ii) of this Rule 301.
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Margin Surcharge means that portion of a Clearing Member’s Guaranty Fund Deposit Requirement that is based upon the ratio of the Clearing Member’s Initial Margin Amount to Capital as determined pursuant to Rule 3.34.2(b).
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Examples of Margin Surcharge in a sentence

  • If the quotient is equal to or greater than 0.75, then the Clearing Member’s Margin Surcharge shall be equal to 20% of the Clearing Member’s Base Margin Amount.

  • If the resulting quotient is less than 0.5, then the Clearing Member’s Margin Surcharge shall be zero (0).

  • If the quotient is equal to or greater than 0.5, but less than 0.75, then the Clearing Member’s Margin Surcharge shall be equal to 10% of the Clearing Member’s Base Margin Amount.

  • Subject to Rule 3.10, the Risk Management Committee shall have the authority to cause the Base Margin Amount and Margin Surcharge of all Clearing Members to be recalculated at any time, and to require Clearing Members to immediately deposit in the Guaranty Fund any amounts required to meet the recalculated Guaranty Fund Deposit Requirements.

  • Subject to Rule 303 and Rule 212, the Board shall have the authority to cause the Base Margin Amount, Margin Surcharge, Base Volume Amount and Volume Surcharge of all Clearing Members to be recalculated at any time, and to require the Clearing Members to immediately deposit in the Guaranty Fund any amounts required to meet the recalculated Guaranty Fund Deposit Requirements, taking into account the minimum deposit requirements set forth in subsections (b)(v)(B) of this Rule 301.

  • Subject to Sections 5.8 and 5.9, the Board shall have the authority to cause the Base Margin Amount, Margin Surcharge, Base Volume Amount and Volume Surcharge of all Clearing Members to be recalculated at any time, and to require the Clearing Members to immediately deposit in the Guaranty Fund any amounts required to meet the recalculated Guaranty Fund Deposit Requirements, taking into account the minimum deposit requirements set forth in subsections (b)(v)(B) of this Section 5.4.

Related to Margin Surcharge

  • Margin Stock shall have the meaning assigned to such term in Regulation U.

  • Surcharge has the meaning set forth in Section 11(a).

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Margin means [•] per cent. per annum.]

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Fines Tariff means a list of fines approved by the Clubs at a general meeting to be levied by the Management Committee for any breach of the Rules, as set out at Schedule A.