RepoClear Default Fund Supplement definition

RepoClear Default Fund Supplement means the Supplement relating to the RepoClear Business"RepoClear Default Management Process"has the meaning assigned to it in the RepoClear DMP Annex in the Default Rules"RepoClear Default Management Process Completion Date"has the meaning assigned to it in the RepoClear DMP Annex in the Default Rules"RepoClear Default Period"has the meaning ascribed to it in Rule R2 of the RepoClear Default Fund Supplement"RepoClear Determination Date"has the meaning assigned to it in Rule R2 of the RepoClear Default Fund Supplement"RepoClear DMP Contract"means a contract entered into in accordance with the RepoClear DMP Annex in the Default Rules by the Clearing House with a RepoClear Clearing Member on the RepoClear Contract Terms"RepoClear Eligibility Criteria"means with regard to RepoClear Transactions, the product criteria set out in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website from time to time"RepoClear Eligible Securities"means with regard to RepoClear Transactions, Bond Trades and Repo Trades securities of a type described in the Product Specific Contract Terms and Eligibility Criteria Manual"RepoClear Excess Loss"means the net sum or aggregate of net sums certified to be payable by a Defaulter by a Rule 19 Certificate in respect of RepoClear Business less (a) the proportion of the Capped Amount applicable to RepoClear Business under Rule 15(c) and (b) any sums then immediately payable in respect of RepoClear Business Default Losses owed by such Defaulter by any insurer or provider of analogous services under any policy of insurance or analogous instrument written in favour of the Clearing House"RepoClear €GC Contract"means a Contract entered into by the Clearing House with a RepoClear Clearing Member on the RepoClear €GC Contract Terms"RepoClear €GC Contract Terms"means the Terms set out from time to time in the Product Specific Contract Terms and Eligibility Criteria Manual

RepoClear Default Fund Supplement means the Supplement relating to the RepoClear Business

RepoClear Default Fund Supplement means the supplement to these Default Fund Rules relating to the RepoClear Business;

Examples of RepoClear Default Fund Supplement in a sentence

• Subject to Rules2.3(i) and 2.5 of this Annex, the resources available to the Clearing House and their order of use are defined in Rule 15 of the Default Rules as modified and/or supplemented by the RepoClear Default Fund Supplement.

• Subject to Rules 2.3(i) and 2.5 of this Annex, the resources available to the Clearing House and their order of use are defined in Rule 15 of the Default Rules as modified and/or supplemented by the RepoClear Default Fund Supplement.

• An RCM’s "RepoClear Contribution" shall be the amount determined in accordance with the RepoClear Default Fund Supplement and shall include any RepoClear Unfunded Contributions deposited and made by the RCM with the Clearing House.

• RepoClear Default Fund Supplement R.1 On each business day, the Clearing House will determine the "Combined Loss Value" in respect of each of the 20 preceding business days.

• These Default Fund Rules (including the ForexClear Default Fund Supplement, the SwapClear Default Fund Supplement and the RepoClear Default Fund Supplement) form part of the Default Rules and the Clearing House Rulebook but do not apply in relation to a Participating Exchange.

• These Default Fund Rules (including the ForexClear Default Fund Supplement, the SwapClear Default Fund Supplement and the RepoClear Default Fund Supplement) form part of the Default Rules and the Clearing House Rulebook but do not.

• The amount due by a Clearing Member in respect of each RepoClear Excess Loss shall be determined in accordance with the provisions of the RepoClear Default Fund Supplement.

• Subject to Rules 2.3.9 and 2.5 of this Annex, the resources available to the Clearing House and their order of use are defined in Rule 16 of the Default Fund Rules as modified and/or supplemented by the RepoClear Default Fund Supplement.

• An RCM’s "RepoClear Contribution" shall be the amount specified indetermined in accordance with the RepoClear Default Fund Supplement, in accordance with Rules 15 is to 37 (inclusive) and shall include any RepoClear Unfunded Contributions deposited and made by the RCM with the Clearing House.

• For the avoidance of doubt, amounts in respect of SwapClear Contracts shall include, but not be limited to, returns of variation margin associated therewith and the repayment of any Net Cash Gainer Payment Currency Adjustment to RepoClear Default Fund Supplement R.1 On each business day, the Clearing House will determine the "Combined Loss Value" in respect of each of the 20 preceding business days.