Market Exposure definition

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (a) the product of (i) the On-Peak Forward Price minus the On-Peak Energy Price multiplied by (ii) the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (b) the product of (i) the Off-Peak Forward Price minus the Off-Peak Energy Price multiplied by (ii) the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

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Market Exposure means the summation of the amounts calculated for each full month remaining in the applicable Service Term(s) of (i) the On-Peak Forward Price minus the On-Peak Initial Market Price, multiplied by the On-Peak Period-NEPOOL Energy Quantity, and (ii) the Off-Peak Forward Price minus the Off-Peak Initial Market Price, multiplied by the Off-Peak Period-NEPOOL Energy Quantity. The format for calculating the Market Exposure is provided in Table 1 to the applicable Service Attachment(s), Market Exposure Calculation.

Market Exposure means the summation of the Monthly Exposures for each full month remaining in the applicable Service Term(s). The format for calculating the Market Exposure is provided in Table 1 to the applicable Confirmation(s), Market Exposure Calculation.

Examples of Market Exposure in a sentence

The method that T&D shall use to calculate Excess Market Exposure Security is described in Appendix 1 hereto.
If the Excess Market Exposure Security amount is greater than zero, the T&D may request and the Provider must provide, within three (3) Business Days of T&D’s request, additional security equal to the Excess Market Exposure Security amount.
If the Excess Market Exposure Security amount equals zero, then Provider shall not be required to furnish additional security.
If the Excess Market Exposure Security amount is less than zero, the Provider may request, and the T&D must return within three (3) Business Days of Provider’s request, an amount of Provider’s security equal to the absolute value of the Excess Market Exposure Security amount; provided, however, under no circumstances shall the T&D be required to return an amount of security that would result in the Current Security amount equaling less than the applicable Base Security amount.
To the extent that the applicable Guaranty Cap is greater than the Current Security amount, but less than the Excess Market Exposure Security amount plus the Current Security amount, then the Provider may increase the corporate guaranty to the Guaranty Cap amount, and furnish a letter of credit or cash to secure the amount that the Excess Market Exposure Security amount plus the Current Security amount exceeds the Guaranty Cap amount.

More Definitions of Market Exposure

Market Exposure means, as reasonably calculated and substantiated upon request, the product of: (i) the difference between the Contract Price and the Market Price for the Undelivered Quantity, and

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (i) the product of the On-Peak Forward Price minus the On-Peak Energy Price and the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (ii) the product of the Off-Peak Forward Price minus the Off-Peak Energy Price and the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

Market Exposure means, with respect to Borrower, on any Business Day, the aggregate amount of Dollars, if any, that would be payable by Borrower to the counterparties to the Designated Hedge Transactions, if all Designated Hedge Transactions were being terminated as of the close of business in New York, New York on such Business Day.

Market Exposure has the meaning set forth in Section 21.3.

Market Exposure shall be based on the last settled Market Payment between Seller and Buyer. The amount of that last settled Market Payment shall be multiplied by three (3) (for three (3) months). For clarity, for purposes of the Market Exposure calculation, a payment from Seller to Buyer is a negative number, and a payment from Buyer to Seller is a positive number; and

Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. "Unrealized losses" means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and "unrealized profits" means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

Market Exposure. Every day that a dispute goes unresolved, increases FILI's exposure to financial and reputational risk. Limit market exposure by informing the client that if they choose not to process the transaction at the next market close, the client may be subject to any continued market risk due to fluctuations in prices of the sub accounts they are currently invested in. -------------------------------------------------------------------------------- Page 173 INITIAL ACTION top --- Initial action must be taken on the same day that the problem is received. Best efforts should be made to take same-day action on items received after 4:00 p.m. Action includes but is not limited to: . Due diligence steps to confirm the problem description matches the history in the account. . Review documents to confirm the instructions received. . Transfer the client to the Help Desk to review the estimated gain/loss. The Help Desk will review the Gain/Loss Calculations topic ---------------------- for more information. . High dollar transactions should be reviewed to identify and/or prevent potential market risk. . Based on the gain/loss, approvals may be required before taking corrective action. Proper approval must be received before performing corrective processing.