Portfolio Margining Service definition

Portfolio Margining Service means the portfolio margining service offered by the Clearing House pursuant to Regulation 59 and as more fully described at Section 2C of the Procedures
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Portfolio Margining Service means the portfolio margining service offered by the Clearing House pursuant to Regulation 59 and as more fully described at Section 2C of the Procedures"Portfolios"has the meaning assigned to it in the Default Rules"Porting Window"has the meaning assigned to it in the Client Clearing Annex to the Default Rules"Porting Window Reduction"has the meaning assigned to it in the Client Clearing Annex to the Default Rules"Post-Compression Contracts"means the Post-Multilateral Compression Contracts and/or any replacement SwapClear Contracts referred to in Regulation 56"Post-Multilateral Compression Contracts"means, in relation to a Compression Proposal, the SwapClear Contracts registered as a result of Multilateral Compression in accordance with such Compression Proposal"Pre-Allocation FCM Clearing Member"shall have the meaning assigned to it in the FCM Regulations"premium"means the consideration for the selling of an option payable by the buyer in accordance with these Regulations and the Procedures"Price"means in the case of: (a) a contract on the terms of an exchange contract or Listed Interest Rates Contract which is to be performed by delivery of a reference asset or commodity, the consideration to be paid by the buyer in cash in the currency prescribed by the terms of the exchange contract or Listed Interest Rates Contract, and in the case of an exchange contract or Listed Interest Rates Contract which is a contract for differences, the valuation quoted as a price under its terms; or (b) an OTC Contract, the price calculated by the Clearing House in accordance with the Regulations and the Procedures; or (c) an EquityClear Contract, the consideration to be paid by the buyer in cash in the currency as set out in the EquityClear ATP Match or EquityClear Novation Transaction information received by the ClearingHouse or its relevant approved agent
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Portfolio Margining Service means the portfolio margining service offered by the Clearing House pursuant to Regulation 59 and as more fully described at Section 2C of the Procedures "Portfolios" has the meaning assigned to it in the Default Rules "Porting Window" has the meaning assigned to it in the Client Clearing Annex to the Default Rules "Porting Window Reduction" has the meaning assigned to it in the Client Clearing Annex to the Default Rules "Post-Compression Contracts" means the Post-Multilateral Compression Contracts and/or any replacement SwapClear Contracts referred to in Regulation 56 "Post-Multilateral Compression Contracts" means, in relation to a Compression Proposal, the SwapClear Contracts registered as a result of Multilateral Compression in accordance with such Compression Proposal "Pre-Allocation FCM Clearing Member" shall have the meaning assigned to it in the FCM Regulations "premium" means the consideration for the selling of an option payable by the buyer in accordance with these Regulations and the Procedures "Price" means in the case of:
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Examples of Portfolio Margining Service in a sentence

  • In particular, the resources of an FCM Clearing Member that is a member of the FCM SwapClear Clearing Service and the FCM Listed Interest Rates Clearing Services will be made available to cover the Clearing House’s losses in a different manner to those of an FCM Clearing Member that is only a member of one of those Services, regardless of whether that FCM Clearing Member opts-in to the FCM Portfolio Margining Service.

  • For the avoidance of doubt, the FCM Joint Rates Service Clearing Member must submit a further FCM Portfolio Margining Request when it wishes the FCM Portfolio Margining Service to apply in respect of additional Nominated FCM Clients.

  • An FCM Joint Rates Service Clearing Member must opt-in to the FCM Portfolio Margining Service in accordance with the procedure set out in paragraph 2.1.24(b) below and meet the FCM Portfolio Margining Eligibility Criteria (as defined below) in order to benefit from the portfolio-margining functionality provided by the service.

  • In particular, the resources of a Clearing Member that is a member of the SwapClear Service and the Listed Interest Rates Service will be made available to cover the Clearing House’s losses in a different manner to those of a Clearing Member that is only a member of one of those Services, regardless of whether that Clearing Member opts-in to the Portfolio Margining Service.

  • Furthermore, notwithstanding the foregoing, the Clearing House may, in its sole discretion, refuse to provide the Portfolio Margining Service (i) to a Joint Rates Service Clearing Member (whether opted-in or not) or (ii) in respect of the Nominated Accounts, where it considers it appropriate to do so.

  • The Clearing House accepts no liability in respect of the operation of the Portfolio Margining Service of the Portfolio Margining Calculation Tool.

  • The Portfolio Margining Service is an optional service which provides Joint Rates Service Clearing Members portfolio-margining functionality in respect of pairs of accounts which are held in the SwapClear and Listed Interest Rates Services by transferring Eligible Listed Interest Rates Contracts between accounts in each Service.

  • In the event that a Portfolio Margining Clearing Member wishes to terminate the Portfolio Margining Service in respect of certain Nominated Accounts, it may do so by giving written notice to the Clearing House.

  • In order to prevent abuse of the Portfolio Margining Service, following the termination of the Portfolio Margining Service in respect of certain Nominated Accounts, a Portfolio Margining Clearing Member will not be entitled to submit a Portfolio Margining Request respect of the same Nominated Accounts for a period of 30 calendar days following termination of the Portfolio Margining Service in respect of such Nominated Accounts.

  • For the avoidance of doubt, the Joint Rates Service Clearing Member must submit a further Portfolio Margining Request when it wishes the Portfolio Margining Service to apply in respect of additional Nominated Accounts.


More Definitions of Portfolio Margining Service

Portfolio Margining Service means the portfolio margining service offered by the
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Related to Portfolio Margining Service

  • Portfolio Manager means any individual employed by Loomis Sayles who has been designated as a Portfolio Manager by Loomis Sayles. A person is considered a Portfolio Manager only as to those client accounts as to which he or she is designated by the Chief Compliance Officer as such. As to other client accounts, he or she is simply an Access Person.

  • California Renewables Portfolio Standard means the renewable energy program and policies codified in California Public Utilities Code Sections 399.11 through 399.31 and California Public Resources Code Sections 25740 through 25751, as such provisions may be amended or supplemented from time to time.