Multilateral Compression definition

Multilateral Compression means the exercise in which some or all of the SwapClear Contracts submitted by two or more Compression Clearing Members either on their own account or with respect to a SwapClear Clearing Client, for inclusion in a Multilateral Compression Cycle are wholly terminated and, where relevant, replaced with other SwapClear Contracts
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Multilateral Compression means the exercise in which some or all of the SwapClearContracts submitted by two or more Compression Clearing Members either on their own account or with respect to a SwapClear Clearing Client, for inclusion in a Multilateral Compression Cycle are wholly terminated and, where relevant, replaced with other SwapClear Contracts"Multilateral Compression Cycle"means the process of Multilateral Compression in accordance with a Compression Proposal, whether by way of an ACSP Compression Cycle or a Member Compression Cycle"Net Recovery"means any sum received by the Clearing House from or for the account of a Defaulter after the issue by the Clearing House of a Rule 19 Certificate in respect of losses arising upon the Defaulter’s Default less any amount payable to any insurer or provider of analogous services in respect of any amount due from but not previously paid by the Defaulter"New Member"means, on the day as at which any Contribution is to be calculated, any Clearing Member which either has become a Clearing Member, or has commenced clearing in respect of the relevant Service, since the immediately preceding day prescribed for calculating similar Contributions"Nominated Group Member"has the meaning assigned to it in Chapter XIV(k)"Non-Affected ForexClear Option Clearing Member"means a ForexClear Option Clearing Member that is not an Affected ForexClear Option Clearing Member"Non-Clearing Participant ("NCP")"means, in respect of a Service, a person (a) who is not a Clearing Member in such Service, (b) whom a Clearing Member has appointed as an NCP, in respect of such Service, in accordance with the Procedures, (c) who has been notified to the Clearing House in accordance with Section 1.2.2 of Section 1 of the Procedures, and (d) whose appointment as an NCP, in respect of such Service, has not been terminated in accordance with Section 1.2.3 of Section 1 of the Procedures"Non-Defaulting FXCCM"means an FXCCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Joint Rates Service Clearing Member"means a Joint Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Rates Services Clearing Member"means a Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting RCM"means an RCM which is not a Defaulter under Rule 4 of the Default Rules
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Multilateral Compression means the exercise in which some or all of the SwapClear
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Examples of Multilateral Compression in a sentence

  • The Clearing House may, in its sole and absolute discretion, from time to time make available Multilateral Compression on the basis of a Member Compression Cycle to two SwapClear Clearing Members (upon approval to participate in Multilateral Compression, each such SwapClear Clearing Member, a Compression Clearing Member).

  • Each Compression Clearing Member in the relevant Member Compression Cycle must review and agree on a set of Terminating SwapClear Contracts and, if applicable, Post- Multilateral Compression Contracts from the Initial Member Compression Proposal.

  • Multilateral Compression Cycle, the time at which the Clearing House effects a Multilateral Compression by terminating the Terminating FCM SwapClear Contracts and simultaneously registering the Post-Multilateral Compression Contracts in the names of the Compression Clearing Members participating in that Multilateral Compression Cycle in accordance with the Compression Proposal.

  • The Clearing House shall notify the participating SwapClear Clearing Members once the Multilateral Compression has been effected.

  • Multilateral Compression may only include CCP Transactions that are Own Transactions, regardless of whether a Clearing Member has made an STM Election.

  • Turn your whole soul to your absent Master, and make this your one business—to bring the King back to His palace and throne in your heart.Ah! I can well imagine what lies Satan will tell you.

  • Where it wishes to participate in a Multilateral Compression Cycle, each participating SwapClear Clearing Member shall confirm its acceptance of a Compression Proposal in the manner and by the time specified by the Clearing House or otherwise contemplated in the relevant Compression Documentation.

  • The Clearing House may require margin, subsequent to a SwapClear Clearing Member’s acceptance of a Compression Proposal but prior to the Compression Time, in connection with the Multilateral Compression Cycle and the SwapClear Clearing Member’s positions thereunder.

  • The use of direct address by characters will be considered in later chapters.

  • Atany time prior to the Compression Time, the Clearing House may, in its sole and absolute discretion, decide not to proceed with a Multilateral Compression Cycle.


More Definitions of Multilateral Compression

Multilateral Compression means the exercise in which some or all of the FCM SwapClear Contracts or Non-FCM SwapClear Contracts, as applicable, submitted by two or more Compression Clearing Members (either on their own behalf or on behalf of an Authorised Compression Client), as applicable, for inclusion in a Multilateral Compression Cycle are wholly terminated and, where relevant, replaced with other FCM SwapClear Contracts or Non-FCM SwapClear Contracts. “Multilateral Compression Cycle” means the process of Multilateral Compression in accordance with a Compression Proposal, by way of an ACSP Compression Cycle . “MER” Has the meaning assigned to it in Section 2.1.3(c) of the FCM Procedures. “Nominated FCM Client” has the meaning assigned to it in the FCM Procedures. “Non-FCM Clearing Member” means either a SwapClear Clearing Member, a ForexClear Clearing Member or a Listed Interest Rates Clearing Member, as applicable. “Non-FCM Contract” means either a Non-FCM SwapClear Contract, a Non- FCM ForexClear Contract or a Non-FCM Listed Interest Rates Contract, as applicable. “Non-FCM ForexClear Contract” means a “ForexClear Contract” (as such term is defined in the UK General Regulations) and which is governed in accordance with the UK General Regulations. “Non-FCM Listed Interest Rates Contract” means a “Listed Interest Rates Contract” (as such term is defined in the UK General Regulations) and which is governed in accordance with the UK General Regulations. “Non-FCM SwapClear Contract” means a “SwapClear Contract” (as such term is defined in the UK General Regulations) and which is governed in accordance with the UK General Regulations. “Non-Porting Client” has the meaning assigned to it in the FCM Procedures. “NPV Determination Time” has the meaning assigned to such term in FCM Regulation 47(a). “Official Quotation” means a price determined by the Clearing House under FCM Regulation 15. “Omnibus Collateral Value” means, at any given time in respect of an FCM Omnibus Swaps Client Account with LCH, the aggregate Margin, as determined by the Clearing House in accordance with the FCM Rulebook, attributable to such FCM Omnibus Swaps Client Account with LCH (and regardless of whether such
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Multilateral Compression means the exercise in which some or all of the SwapClearContracts submitted by two or more SwapClear Compression Clearing Members either on their own account or with respect to a SwapClear Clearing Client,for inclusion in a Multilateral Compression Cycle are wholly terminated and, where relevant, replaced with other SwapClear Contracts whose combined notional value is less than the combined notional value of the terminated SwapClear Contracts in that Multilateral Compression Cycle
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Multilateral Compression means the exercise in which some or all of the FCM
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Related to Multilateral Compression

  • Interconnector means a transmission line which crosses or spans a border between Member States for the purpose of connecting the national transmission system of those Member States or a transmission line between a Member State and a third country up to the territory of the Member States or the territorial sea of that Member State;

  • Interconnect means to connect an alarm system including an automatic dialing device to a telephone line, either directly or through a mechanical device that utilizes a telephone, for the purpose of using the telephone line to transmit a message upon the activation of the alarm system.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region.

  • Generation Interconnection Agreement means the large generator interconnection agreement to be entered into separately between Seller and Interconnection Provider concerning the Interconnection Facilities.

  • Interconnection is As Defined in the Act.

  • Local Access Transport Area (LATA) is As Defined in the Act.

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Interconnection Agreement means the interconnection agreement entered into by Seller pursuant to which the Facility will be interconnected with the Transmission System, and pursuant to which Seller’s Interconnection Facilities and any other Interconnection Facilities will be constructed, operated and maintained during the Contract Term.

  • heat pump means a machine, a device or installation that transfers heat from natural surroundings such as air, water or ground to buildings or industrial applications by reversing the natural flow of heat such that it flows from a lower to a higher temperature. For reversible heat pumps, it may also move heat from the building to the natural surroundings;

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.

  • Interconnection Service Agreement means an agreement among the Transmission Provider, an Interconnection Customer and an Interconnected Transmission Owner regarding interconnection under Tariff, Part IV and Tariff, Part VI.

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Interconnection arrangements means arrangements governing the physical connection of two or more networks to allow the use of another's network to hand off traffic where it is ultimately delivered (e.g., connection of a customer of telephone provider A to a customer of telephone company B) or sharing data and other information resources.

  • Micro wireless facility means a small cell facility that is not larger in dimension than 24 inches in length, 15 inches in width, and 12 inches in height and that has an exterior antenna, if any, not longer than 11 inches.

  • Water supply system means a water distribution system, piping, connection fittings, valves and appurtenances within a building, structure, or premises. Water supply systems are also referred to commonly as premise plumbing systems.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • energy management system means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.

  • Interconnected Entity means either the Interconnection Customer or the Interconnected Transmission Owner; Interconnected Entities shall mean both of them.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Interconnection Agreements means, collectively, (a) an agreement by and among Owner, TransÉnergie and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the U.S. Border of the NECEC Transmission Line with the Québec Line and (b) an agreement by and between Owner and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the Delivery Point of the NECEC Transmission Line with certain transmission facilities operated by ISO-NE. The Interconnection Agreements shall address cost responsibilities among entities other than the Distribution Company and the other RFP Sponsors and shall include provisions, both technical and otherwise, for safe and reliable interconnected operations of the HVDC Transmission Project following Commercial Operation (including use of the HVDC Transmission Project for the delivery of electric power in emergency circumstances).

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Interconnection Provider means PacifiCorp Transmission.

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • Auxiliary Water Supply means any water supply on or available to the premises other than the water purveyor's approved public water supply such as, but not limited to, a private well, pond or river.