SwapClear CTM Contract definition

SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STM Contract
Sample 1Sample 2Sample 3
SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STMContract
Sample 1Sample 2Sample 3
SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STM Contract"SwapClear Dealer Clearing Agreement"means a written agreement, in the form and on the terms prescribed by the Clearing House between a SwapClear Dealer, a SwapClear Clearing Member and the Clearing House"SwapClear Dealer" or "SD"means a person admitted by the Clearing House to the Register of SwapClear Dealers and who has not been removed from the Register"SwapClear Default Fund Supplement"means the Supplement relating to the SwapClear Business"SwapClear Default Management Process"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Management Process Completion Date"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Period"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Determination Date"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear DMG"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear DMP"has the meaning assigned to it in the Default Rules"SwapClear Eligibility Criteria"means the product eligibility criteria in respect of SwapClear Transactions as set out in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website from time to time"SwapClear End of Day Price"has the meaning assigned to it in Chapter XIV(l)
Sample 1

Examples of SwapClear CTM Contract in a sentence

  • Any transfers of cash Collateral by an SCM to the Clearing House in respect of the SCM's variation margin obligations in connection with a SwapClear CTM Contract, or by the Clearing House to an SCM in respect of the Clearing House's variation margin obligations in connection with a SwapClear CTM Contract shall be for the purpose of collateralisation and not settlement of the relevant party’s obligations under the relevant SwapClear CTM Contract.

  • No open SwapClear CTM Contract shall be converted into a SwapClear STM Contract except as provided in this Regulation 57A or the Procedures.

  • For the avoidance of doubt, the Clearing House may determine that two or more SwapClear Contracts have “substantially the same Economic Terms” even if (i) they have differing fixed rates or (ii) they include at least one each of a SwapClear CTM Contract and a SwapClear STM Contract.

  • The net present value of each SwapClear CTM Contract shall be calculated by the Clearing House for the purposes of determining required variation margin in such manner and at such times as may be provided in the Procedures.

  • In the absence of any such election, the Clearing House shall register the SwapClear Contract as a SwapClear CTM Contract.

  • LCH ClearnetIn November 2015, LCH proposed rule changes that would allow its SwapClear CMs to elect to change their outstanding and new SwapClear Contracts16 from SwapClear CTM Contract to the new SwapClear STM Contract.17 The change from a CTM to STM contract results in the variation margin on such contracts being considered as settlement of any existing MTM on the respective derivative instead of as collateral.

  • Similarly, FCM Regulation 46, paragraph (q) (vii) clarifies that it is a condition precedent to the transfer of a SwapClear CTM Contract to an FCM Clearing Member that the transferring clearing member make any payment determined by LCH to be necessary to ensure that the net present value of the transferred contract is zero.

  • The Town will hold the option to continue services under the terms and conditions stated in the contract for an initial two year period with one additional one-year extension should it be in the best interest of the Town and its employees to retain said services.

  • The surplus funding will be utilised to fund new intake in 2023 and future intakes.

  • The registration of a SwapClear Contract as a SwapClear CTM Contract or a SwapClear STM Contract shall be determined by the Clearing House on the basis of an election made by the relevant SwapClear Clearing Member either generally, with reference to a particular account or on a case-by-case basis in accordance with the Procedures.

Related to SwapClear CTM Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Standard Contract means a contract concerning a wholesale energy product admitted to trading at an organised market place, irrespective of whether or not the transaction actually takes place on that market place;