Porting Requirements definition

Porting Requirements means all of the following requirements:
Porting Requirements means, with respect to an ICM SC Standard Agreement, all of the following requirements:
Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: […] (iii) the Replacement Clearing Member has (a) confirmed to Eurex Clearing AG that all Undisclosed Direct Clients to which Omnibus Transactions under the relevant Omnibus Standard Agreement relate, have designated, and have taken all necessary steps to allow, the Replacement Clearing Member to act as their future Clearing Member in respect of their transactions that correspond to any Omnibus Transactions under the relevant Omnibus Standard Agreement and (b) provided Eurex Clearing AG in writing (Textform) with a list of all Transactions comprised in the relevant NOSA UDC Transaction Accounts Group, unless (in the case of (b)) the Replacement Clearing Member has already been designated as such for the relevant Omnibus Standard Agreement by the Transferor Clearing Member prior to the Termination DateClearing Member Termination Date pursuant to Number 8.5;[…] If the Porting Requirements are not satisfied by 13:00 hours (Frankfurt am Main time) on the Business Day following the Clearing Member Termination Date with respect to the Proprietary Standard Agreement of the Clearing Member or such longer period of time specified by Eurex Clearing AG in the individual case, there will be no Transfer pursuant to this Number 8.4, a Termination with respect to the relevant Omnibus Standard Agreement occurs and Subpart A Numbers 6.3 to 6.6 and Number 9 below shall apply. […] 8.6 No Transfer shall affect (i) the Proprietary Standard Agreement, any Own Transactions of the Transferor Clearing Member, any Difference Claims relating thereto or any Redelivery Claims of the Transferor Clearing Member relating (or, if the Value Based Allocationis the Applicable Allocation Method, allocated) thereto, (ii) any other Omnibus Standard Agreement, or (iii) subject to Number 8.14, any Excess Collateral.[…] 9 Return of any balance owed by Eurex Clearing AG in respect of an Omnibus Standard Agreement after the completion of the default management processIf a Termination Date in respect of an Omnibus Standard Agreement has occurred, Eurex Clearing AG shall return any balance owed by it in respect of such Omnibus Standard Agreement following the completion of the default management process pursuant to Part 1 Number 6 and 7 (and as otherwise set out in these Clearing Conditions) with respect to the Clearing Member as follows:[…] Part 2 Subpart D: Special Provisions relating to the CASS Rules[…]

Examples of Porting Requirements in a sentence

  • If certain requirements ("Porting Requirements") are fulfilled within a specific time period after the default ("Porting Period") NCMs', RCs' and non-disclosed clients' positions can be ported to a new CM.

  • A Termination pursuant to Number 8.1(ii) shall only occur if the Porting Requirements are not fulfilled within the Porting Period.

  • In case the Clearing Member has more than one Elementary Omnibus Standard Agreement, Porting depends on the fulfilment of the Porting Requirements for each Elementary Omnibus Standard Agreement separately.

  • If the Porting Requirements with respect to an Omnibus Standard Agreement are fulfilled within the Porting Period, all rights and obligations of the defaulted Clearing Member under such Omnibus Standard Agreement, including with respect to corresponding margin, will be transferred to the Replacement Clearing Member.Any Eligible Margin Assets that are allocated to an Internal Omnibus Margin Account, but do not relate to a specific Omnibus Standard Agreement constitute “Excess Collateral”.

  • As regards the existing Elementary Omnibus Transactions, Number 8.1(ii) above shall only apply if the Porting Requirements are not fulfilled within the Porting Period.

  • As regards the existing Elementary Omnibus Transactions, Number 8.1(ii) above shall only apply if the Porting Requirements (if applicable) are not fulfilled within the Porting Period.

  • If the Porting Requirements with respect to an Omnibus Standard Agreement are fulfilled within the ECM Porting Period, all rights and obligations of the defaulted Clearing Member under such Omnibus Standard Agreement, including with respect to corresponding margin, will be transferred to the Replacement Clearing Member.Any Eligible Margin Assets that are allocated to an Internal Omnibus Margin Account, but do not relate to a specific Omnibus Standard Agreement constitute “Excess Collateral”.

  • If the Porting Requirements are fulfilled within the Porting Period, all rights and obligations of the defaulted Clearing Member under an Elementary Omnibus Standard Agreement, including corresponding margin, will be transferred by way of an assumption of contract and corresponding bookings in the accounts of Eurex Clearing to a non-defaulting Clearing Member.

  • In case the Clearing Member has more than one Net Omnibus Standard Agreement, Porting depends on the fulfilment of the Porting Requirements for each Net Omnibus Standard Agreement separately.

  • Excess Collateral shall only be transferred to a Replacement Clearing Member, i f the transfer is made to the same Replacement Clearing Member and includes all Omnibus Transactions that are covered by this Internal Omnibus Margin Account.If the Porting Requirements are not fulf illed within the Porting Period, the relevant Omnibus Standard Agreement will be closed out and a separate Difference Claim will be calculated.


More Definitions of Porting Requirements

Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: [...]
Porting Requirements means, with respect to an Omnibus Standard Agreement, all of the following requirements: [...] Part 3 The Individual Clearing Model Provisions[...] Part 3 Subpart A: General Provisions for ICM-ECD and ICM-CCD[...]

Related to Porting Requirements

  • Reporting Requirements As defined in Section 11.15.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Monitoring and reporting requirements means one or more of

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Program Requirements means certain minimum program entry requirements as well as ongoing program requirements, to be fulfilled by Partner, some of which are general PartnerEdge requirements, some of which are specific for the “Sell Engagement” and some of which are specific for the different “Cloud” Product Families, including, without limitation payment of the Program Fee(s), meeting certain minimum annual revenue requirements, upholding a Sell Authorization for at least one “Cloud” Product Family and other requirements as set out in detail in the PartnerEdge Program Guide and the RSPI.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.

  • Data Protection Requirements means all applicable (i) Data Protection Laws, (ii) Privacy Policies and (iii) those terms of any Contracts imposing obligations on the Company or its Subsidiaries with respect to the Company’s collection, use, storage, disclosure, or cross-border transfer of Personal Data.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Credit Requirements means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa3” or greater by Xxxxx’x, or (2) “BBB-” or greater by S&P, or such other indicia of creditworthiness acceptable to PacifiCorp in its reasonable judgment.

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Applicable Technical Requirements and Standards means those certain technical requirements and standards applicable to interconnections of generation and/or transmission facilities with the facilities of an Interconnected Transmission Owner or, as the case may be and to the extent applicable, of an Electric Distributor, as published by Transmission Provider in a PJM Manual provided, however, that, with respect to any generation facilities with maximum generating capacity of 2 MW or less (synchronous) or 5 MW or less (inverter-based) for which the Interconnection Customer executes a Construction Service Agreement or Interconnection Service Agreement on or after March 19, 2005, “Applicable Technical Requirements and Standards” shall refer to the “PJM Small Generator Interconnection Applicable Technical Requirements and Standards.” All Applicable Technical Requirements and Standards shall be publicly available through postings on Transmission Provider’s internet website.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Perfection Requirement or “Perfection Requirements” shall have the meaning set forth in Section 4(j) of this Agreement.

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.