Examples of Swap Amount in a sentence
To the extent not paid by a replacement Class A Swap Counterparty or Class B Swap Counterparty, any termination payment will be paid by the Issuer from funds available for such purpose, and payments on the Notes may be reduced or delayed unless such termination payment arises as a result of a default by the Class A Swap Counterparty or Class B Swap Counterparty, as the case may be, and constitutes a Class A Subordinated Swap Amount or a Class B Subordinated Swap Amount, as the case may be.
Such Class A Subordinated Swap Amount will be payable as item (xi) of the Quarterly Interest Priority of Payments and as item (xii) of the Post-enforcement Priority of Payments.
Amounts to exchange are computed for each user with open position: Swap Amount = Position Size × Swap Rate × Time Fraction Swap amount and unrealized PnL due to price moves are booked to a specificbalance account (ie this amount is reflected in the margin amount, but it cannot be used by the user).Settlement is done every 8 hours, or when user closes his position, whichever comes first.
Then the Swap Amount exchanged between traders A and B for 1 second is0.00578 JPY (for more details on the calculation of the Swap Amount see section on Swap Settlement).
Calculation of the Swap Amount and of unrealized PnL is done in real time.