Price Alignment Amount definition

Price Alignment Amount means, in respect of a Business Day (as such term is defined in the SwapClear STM Terms relating to that SwapClear STM Contract) falling after the Trade Date, the product of:the absolute value of the Cumulative Net Present Value on such Business Day;the applicable Price Alignment Amount Rate on such Business Day; andthe day count fraction determined by the Clearing House as being applicable to the currency of the SwapClear STM Contract.
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Price Alignment Amount means, in respect of a Cash Payment Day falling after the Trade Date, the product of:
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Price Alignment Amount means: in relation to a ForexClear STM Contract that is not a ForexClear Option Contract and a business day falling after the Trade Date of that ForexClear STM Contract, the product of:the absolute value of the Cumulative Net Present Value of that ForexClear STM Contract on such business day;the applicable Price Alignment Amount Rate on such business day; andthe day count fraction determined by the Clearing House as being applicable to the ForexClear Margin or Settlement Currency (as defined in Procedures 2I) of that ForexClear STM Contract.in relation to a ForexClear STM Contract that is a ForexClear Option Contract, the sum of the Premium Price Alignment Amount and the Option Price Alignment Amount.
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Examples of Price Alignment Amount in a sentence

  • The calculation of PAI and Price Alignment Amount shall use the applicable interest rate specified and published on the Clearing House's website.

  • In a negative interest rate environment where the applicable Price Alignment Amount Rate is negative, the Clearing House will, for a SCM, either (i) pay a Price Alignment Amount if that SCM has, on a cumulative net basis, received NPV Payments from the Clearing House, or (ii) charge a Price Alignment Amount if that SCM has, on a cumulative net basis, paid NPV Payments to the Clearing House.

  • The Clearing House will calculate variation margin, NPV Payments, Price Alignment Interest and Price Alignment Amount in relation to SwapClear Contracts that are non-deliverable interest rate swaps in USD, and all amounts due or payable under such SwapClear Contracts must be paid in USD.

  • In order to minimise the impact of such NPV Payments, the Clearing House will, for a SCM, either (i) charge a Price Alignment Amount if that SCM has, on a cumulative net basis, received NPV Payments from the Clearing House, or (ii) pay a Price Alignment Amount if that SCM has, on a cumulative net basis, paid NPV Payments to the Clearing House.

  • In a negative interest rate environment where the applicable Price Alignment Amount is negative, the Clearing House will, for an FXCCM either (i) pay a Price Alignment Amount if that FXCCM has, on a cumulative net basis, received NPV Payments from the Clearing House, or (ii) charge a Price Alignment Amount if that FXCCM has, on a cumulative net basis, paid NPV Payments to the Clearing House.

  • The Clearing House shall not change the interest rates used for the calculation of PAI and Price Alignment Amount in respect of USD, EUR, GBP, JPY and CHF without the consent of all SwapClear Clearing Members holding open contracts in such currencies.

  • In this Section 1.5.5 (Price Alignment Amount), "T" means any given business day; "T-1" means the business day immediately preceding T; "T+1" means the business day immediately following T; and "MTM" means the total value (expressed in the relevant currency) of an FXCCM's portfolio open of ForexClear STM Contracts after valuation in accordance with Section 1.5.2 (Variation Margin and NPV Payments) at close of business on any business day.

  • In order to minimise the impact of such NPV Payments, the Clearing House will, for an FXCCM, either (i) charge a Price Alignment Amount if that FXCCM has, on a cumulative net basis, received NPV Payments from the Clearing House, or(ii) pay a Price Alignment Amount if that FXCCM has, on a cumulative net basis, paid NPV Payments to the Clearing House.

  • If the Clearing House chooses an alternative interest rate for purposes of calculating PAI and Price Alignment Amount pursuant to the immediately foregoing paragraph it shall notify all SwapClear Clearing Members in writing by delivering a Rate Change Notice.

  • The terminology used in a report in respect of Margin, Variation Settlement, daily settlement amounts or Price Alignment Amount may reflect terminology commonly used in the industry.


More Definitions of Price Alignment Amount

Price Alignment Amount means, in respect of a Business Day (as such term is defined in the SwapClear STM Terms relating to that SwapClear STM Contract) falling after the Trade Date, the product of:
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Related to Price Alignment Amount

  • Assignment Amount with respect to a Bank Investor shall mean at any time an amount equal to the lesser of (i) such Bank Investor's Pro Rata Share of the Net Investment held by the Conduit Investor in the same Related Group at such time and (ii) such Bank Investor's unused Commitment.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Purchase Price Allocation Schedule has the meaning given to it in Section 2.7(a).

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Reassignment Amount means, for a Payment Date, the sum of (a) the Note Balance of the Series 20 - Notes on that Payment Date, plus (b) the Accrued Note Interest for each Class for that Payment Date, plus (c) any other amounts due and payable by the Issuer on that Payment Date for Series 20 - , in each case, after giving effect to any payments to be made on that Payment Date.

  • Payment Amount as defined in Section 3.5.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Unit Price Arrangement means that part of the Contract that prescribes the product of a price per unit of measurement multiplied by a number of units of measurement for performance of the Work to which it relates;

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Base Purchase Price has the meaning set forth in Section 2.2.