Undiversified Initial Margin Amount definition

Undiversified Initial Margin Amount means, in respect of the ForexClear Contracts in a specific Currency Pair and ForexClear Contract Category, the required initial margin amount for such ForexClear Contracts, as determined by the Clearing House.1.5 Terms used, and not defined, in this Annex shall have the meanings given to them in the Regulations or FCM Regulations.
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Undiversified Initial Margin Amount means, in respect of the ForexClear Contracts in a specific Currency Pair and ForexClear Contract Category, the required initial margin amount for such ForexClear Contracts, as determined by the Clearing House.
Sample 1Sample 2
Undiversified Initial Margin Amount means, in respect of the ForexClear Contracts in a specific Currency Pair and ForexClear Contract Category, the required initial margin amount for such ForexClear Contracts, as determined by the Clearing House. 1.5 Terms used, and not defined, in this Annex shall have the meanings given to them in the Regulations or FCM Regulations. 2. ForexClear DMP The ForexClear DMP in respect of: (a) ForexClear Clearing House Business; (b) Relevant Auction Contracts in respect of ForexClear Client Clearing Business; (c) FCM ForexClear House Business; and (d) FCM ForexClear Client Business, shall involve the stages described in this Rule 2. Resources will be allocated based on the order and proportions described in Rules 2.4 to 2.6 of this Annex. Allocation of resources pursuant to a process or the order in which processes are carried out may reduce the resources which are available to meet the losses in respect of any subsequent process and, consequently, impact the allocation of losses amongst Non-Defaulters. For the avoidance of doubt, the Clearing House may in its sole and absolute discretion determine the order in which it constructs Auction Portfolios and auctions Auction Portfolios. 2.1 Portfolio Splitting The Clearing House, in consultation with and with the assistance of the ForexClear DMG, shall determine the composition of each Auction Portfolio and shall have the discretion to divide a Portfolio into two or more individual Auction Portfolios with the aim of facilitating the efficiency of, and reducing the risk associated with, the auction process provided for in Rule 2.3 of this Annex. The overriding principle behind the portfolio splitting process is that the Clearing House will structure Auction Portfolios with the intention of ensuring a ForexClear DMP which best protects the resources of the Clearing House, subject to compliance with applicable provisions of the CEA and the CFTC Regulations regarding segregation of client assets. Therefore, nothing in this Rule 2.1 shall be deemed to imply: (a) that the Clearing House is under any obligation to split a particular Portfolio of a Defaulting FXCCM (regardless of the number of ForexClear Contracts that such Portfolio contains); or (b) any particular requirements as to the composition of an individual Auction Portfolio (including in terms of combining or separating ForexClear Contracts belonging to different ForexClear Contract Categories), except that, subject to overriding risk procedures it is broadly anti...
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Related to Undiversified Initial Margin Amount

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]