Portfolio Margined Contracts definition

Portfolio Margined Contracts means any Listed Interest Rates Contracts recorded in an account of a Portfolio Margining Clearing Member related to SwapClear Business following the operation by the Clearing House of the Portfolio Margining Arrangements
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Examples of Portfolio Margined Contracts in a sentence

  • For the avoidance of doubt, Portfolio Margined Contracts are not eligible for compression runs.

  • Portfolio Margined Contracts and associated off-setting SwapClear Contracts are not eligible for transfer.

  • For the avoidance of doubt, the payment of variation margin in respect of Portfolio Margined Contracts shall continue to represent a daily settlement amount as opposed to a collateralisation amount.

  • Portfolio Margined Contracts will be continue to be treated as Listed Interest Rate Contracts.

  • If a Portfolio Margining Clearing Member becomes a Defaulter, the Clearing House will seek to port the Defaulter’s FCM Portfolio Margined Contracts and FCM SwapClear Contracts, and associated Collateral, that are recorded to one or more FCM Client Sub-Account(s) to another member that is also a Portfolio Margining Clearing Member in accordance with, and subject to, the Default Rules.

  • The aim in constructing the Basis Portfolio is to transfer all futures risk associated with the Portfolio Margined Contracts into (a) OTC-equivalent risk, and (b) an OTC-futures basis position.

  • If a Portfolio Margining Clearing Member becomes a Defaulter, the Clearing House will seek to port the Defaulter’s Portfolio Margined Contracts and SwapClear Contracts, and associated Collateral, that are recorded to one or more Client Account(s) to a Backup Clearing Member that is also a Portfolio Margining Clearing Member in accordance with, and subject to, the Default Rules.

  • The foregoing arrangements demonstrate that LCH maintains sufficient, liquid financial resources to perform its obligations as buyer to every seller, and seller to every buyer, of FCM SwapClear Contracts (including FCM Portfolio Margined Contracts) and FCM Listed Interest Rates Contracts in normal market circumstances as well as to withstand the simultaneous default of the two clearing members creating the greatest liquidity exposures for LCH.

  • FCM Portfolio Margined Contracts will, for as long as they are held in an FCM Omnibus SwapClear Client Account with LCH, be treated as FCM SwapClear Contracts for all purposes of the FCM Rulebook (other than compression events).43 Accordingly, FCM Portfolio Margined Contracts will be margined in accordance with LCH’s existing SwapClear margin methodology, known as the Portfolio Approach to Interest Rate Scenarios (“PAIRS”), adjusted as described below.

Related to Portfolio Margined Contracts

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Fixed Assets means Equipment and Real Estate.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Finance Leases means any finance leases, to the extent the arrangement is or would have been treated as a finance or a capital lease in accordance with the Accounting Principles applicable on the First Issue Date (a lease which in the accounts of the Group is treated as an asset and a corresponding liability), and for the avoidance of doubt, any leases treated as operating leases under the Accounting Principles as applicable on the First Issue Date shall not, regardless of any subsequent changes or amendments of the Accounting Principles, be considered as a finance lease.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Portfolio Asset means an asset of an investment fund;

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Portfolio Investments has the meaning set forth in the introductory section of this Agreement.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Fixed Asset Supplies means items included within “Property and Equipment” under the Uniform System of Accounts including, but not limited to, linen, china, glassware, tableware, uniforms, and similar items, whether used in connection with public space or Guest Rooms.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Receivables Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Receivables Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of Interest Expense); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Specified Assets the following property and assets of such Grantor: