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 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 €GC Transaction"means a contract, meeting the requirements of the Regulations and Procedures for registration as a RepoClear€GC Contract, details of which are presented to the Clearing House for registration in the name of RepoClear Clearing Members in accordance with the Regulations, Procedures and the terms of any agreement entered into between the Clearing House and each such RepoClear Clearing Member, and any RepoClear Dealer Clearing Agreement, as applicable"RepoClear GC Contract"means a RepoClear €GC Contract or a RepoClear Term£GC Contract."RepoClear GC Transaction"means a RepoClear €GC Transaction or a RepoClear Term£GC"RepoClear Loss Distribution Process"has the meaning assigned to it in Rule R9 of the RepoClear Default Fund Supplement"RepoClear Participants"means RepoClear Clearing Members and RepoClear Dealers and "RepoClear Participant" means any of them"RepoClear Regulations"means those Regulations which apply to Fixed Income Contracts as specified in Regulation 61"RepoClear Segregated Fund Amount"means the amount as determined in accordance with Rule R2 and R3 of the RepoClear Default Fund Supplement"RepoClear Service"the service provided by the Clearing House under the RepoClear Regulations"RepoClear Term £GC Contract"means a Contract entered into by the Clearing House with a RepoClear Clearing Member on the RepoClear Term £GC Contract Terms