Examples of RepoClear Business in a sentence
A Sponsored Member shall request that the Clearing House opens a SM/AM Account in respect of each Agent Member appointed with respect to such Sponsored Member's RepoClear Business.
Any implementation that demonstrates the same behavior at the external interface as the algorithm specified herein, by definition, complies with this standard.
For this purpose, the "STLIEOM" means, in respect of each RCM and any day, the stress- tested loss in excess of initial margin (determined for a given scenario determined by the Clearing House) which could be incurred by the Clearing House in respect of that RCM's RepoClear Business if that RCM became a Defaulting RCM on that day (but taking into account any additional margin called pursuant to R2(k) in respect of such RCM).
Where a defaulter is engaged in more than one of General Business, ForexClear Business, SwapClear Business and RepoClear Business (each a "Relevant Business" in respect of the defaulter), the completion of the default management processes in respect of each such Relevant BusinessBusinesses may occur at different times.
For this purpose, the "STLIEOM" means, in respect of each RCM and any day, the stress-tested loss in excess of initial margin (determined for a given scenario determined by the Clearing House) which could be incurred by the Clearing House in respect of that RCM's RepoClear Business if that RCM became a Defaulting RCM on that day.