Swap Product definition

Swap Product means a Product which constitutes a Cleared Swap. SuchProducts are: (1) FCM SwapClear Contracts and (2) FCM ForexClear Contracts.
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Swap Product. “ SwapClear Contract” means a Product which constitutes a Cleared Swap. Such Products are: (1) FCM SwapClear Contracts and (2) FCM ForexClear Contracts. has the meaning assigned to it in the General Regulations but which shall not, unless stated otherwise, include an FCM SwapClear Contract.
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Swap Product means a Product which constitutes a Cleared Swap. Such
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Examples of Swap Product in a sentence

  • With respect to each FCM Clearing Member, the Clearing House shall establish and maintain an FCM Omnibus Swaps Client Account with LCH on behalf of such FCM Clearing Member’s FCM Clients with respect to each Swap Product for which such FCM Clearing Member clears FCM Contracts on behalf of its FCM Clients.

  • FCM Client Funds held in an FCM Swaps Client Segregated Depository Account that are deposited by a specific FCM Client shall not be used to purchase, margin or settle any Swap Product, Cleared Swap or other trade or contract of, or to secure or extend the credit of, any person other than such FCM Client.

  • The ability of FCM Clearing Members to maintain Excess Margin in its FCM Client Sub-Accounts is governed by the provisions of the FCM Rulebook, including FCM Regulation 15 (Margining of Swap Product Client Accounts).

  • Each Variation Settlement shall be an amount of cash equal to the change from the preceding NPV Determination Time (or in the event that no NPV Determination Time has occurred in respect of a Swap Product, the change from the time of registration of such Swap Product) in the net present value of the applicable FCM SwapClear Contract or FCM ForexClear Contract.

  • Regulation 106A Margining of Swap Product Client Accounts: Certain Additional Provisions; Without Client Excess Model; With Client Excess Model The contents of this Regulation 106A apply only with respect to the clearing and margining of Cleared Swaps.

  • Avenue of Americas New York, NY 10036 DW SEF LLCSEF Product Listing: Broad-Market Equity Index SwapsTerms and Conditions In accordance with Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulations 40.2(a), DW SEF LLC (“DW SEF”) hereby submits for Commission review its Swap Product Listing and Terms and Conditions of the Equity Asset Class, namely (i) Broad Market Equity Index Total Return Swaps and Price Return Swaps and (ii) Cash-Settled Broad Market Equity Index Forwards.

  • At least once per Business Day and in accordance with the FCM Procedures, the Clearing House shall, unless there has not been a change in the net present value of the applicable Swap Product, pay a settlement payment to, or require a settlement payment from, an FCM Clearing Member in respect of each FCM SwapClear Contract and FCM ForexClear Contract registered in such FCM Clearing Member's name (each, a “ Variation Settlement”).

  • Using the prescribed base periods, for our district the number of entries, and therefore demand, equates to: - • Permit 6 plots by October 2019.

  • The time at which the Clearing House determines the change in the net present value and Price Alignment Amount, if any, in respect of a Swap Product is referred to herein as the “ NPV Determination Time”.

  • The Clearing House shall, at least once per Business Day, determine (i) the change in the net present value, if any, of each FCM SwapClear Contract and FCM ForexClear Contract and (ii) the Price Alignment Amount, if any, payable on such Business Day in respect of each such Swap Product, in each case in such manner and at such times as may be provided in the FCM Procedures.


More Definitions of Swap Product

Swap Product means a Product which constitutes a Cleared Swap. Such Products are: (1) FCM SwapClear Contracts and (2) FCM ForexClear Contracts.“SwapClear Contract”has the meaning assigned to it in the General Regulations but which shall not, unless stated otherwise, include an FCM SwapClear Contract.“SwapClear Contribution”has the meaning assigned to it in the UK General Regulations.“SwapClear Clearing Member”means a person who is designated as such by the Clearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member.“SwapClear CTM Contract”has the meaning assigned to it in the General Regulations.“SwapClear Determination Date”has the meaning assigned to it in the UK General Regulations.“SwapClear DMP”has the meaning assigned to it in the SwapClear DMP Annex of the Default Rules.“SwapClear Tolerance”has the meaning assigned to it in Section 2.1.3(c) of the FCM Procedures."Terminating FCM SwapClear Contracts"means, in relation to any Compression Proposal, the FCM SwapClear Contracts that will be terminated and replaced with Post-Multilateral Compression Contracts in accordance with Regulation 46(n).“Termination Amount”has the meaning assigned to such term in FCM Regulation 37(d)(iv).“Transfer Account”means: (i) in respect of a Receiving Clearing Member, the account in which Transferring SwapClear Contracts or Transferring ForexClear Contracts, as the case may be, are to be registered on behalf of an Eligible Transferee following a transfer pursuant to FCM Regulation 46(q) or FCM Regulation 49(r) and in accordance with the FCM Procedures (which, for the avoidance of doubt, may be a Client Account or a Proprietary Account of the Receiving Clearing Member); and (ii) in respect of a Carrying Clearing Member, the account in which Transferring SwapClear Contracts or Transferring ForexClear Contracts, as the case may be, are to be transferred from an Eligible Transferor following a transfer pursuant to FCM Regulation 46(q) or Regulation 49(r) and in accordance with the FCM Procedures (which, for the avoidance of doubt, may be a Client Account or a Proprietary Account of the CarryingClearing Member).
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Swap Product means a swap product that is designated as "Fin" in the NGX Product List and may be made available on the NGX Trading System and/or NGX Clearing System from time to time with such further particulars as may be applicable in Schedule "E";
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Related to Swap Product

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Combination Product means a product that includes a device for delivery or at least one active ingredient other than a Licensed Product.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.

  • Alternative nicotine product means any noncombustible product containing nicotine that is intended for human consumption, whether chewed, absorbed, dissolved, or ingested by any other means. "Alternative nicotine product" does not include any nicotine vapor product, tobacco product, or product regulated as a drug or device by the U.S. Food and Drug Administration (FDA) under Chapter V (21