Market Exposure definition

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (a) the product of (i) the On-Peak Forward Price minus the On-Peak Energy Price multiplied by (ii) the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (b) the product of (i) the Off-Peak Forward Price minus the Off-Peak Energy Price multiplied by (ii) the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

Market Exposure means the summation of the amounts calculated for each full month remaining in the applicable Service Term(s) of (i) the On-Peak Forward Price minus the On-Peak Initial Market Price, multiplied by the On-Peak Period-NEPOOL Energy Quantity, and (ii) the Off-Peak Forward Price minus the Off-Peak Initial Market Price, multiplied by the Off-Peak Period-NEPOOL Energy Quantity. The format for calculating the Market Exposure is provided in Table 1 to the applicable Service Attachment(s), Market Exposure Calculation.

Market Exposure means the summation of the Monthly Exposures for each full month remaining in the applicable Service Term(s). The format for calculating the Market Exposure is provided in Table 1 to the applicable Confirmation(s), Market Exposure Calculation.

Examples of Market Exposure in a sentence

• The Base Security and, if applicable, Excess Market Exposure Security cannot expire or be cancelled prior to the date 30 days after the end of the applicable term of service unless replacement financial security that meets the requirements of Chapter 301 and this RFP and is accepted by the Commission is provided.

• If at any time the total amount of security falls below the amount required by the mark- to-market calculation as provided in the Excess Market Exposure Security section below, the utility will request additional security and provider will be required to increase the security as provided under the Agreement.

• Excess Market Exposure Security: The incremental replacement cost of standard offer supply during the remaining term of service in excess of the Base Security for the class, as determined from time to time using commercially reasonable practices.

• Any Excess Market Exposure Security required during the term of the obligation must be furnished to CMP no later than three business days after CMP provides notification.

• The amount of Excess Market Exposure Security required will be determined on a periodic basis using the following formula: Excess Market Exposure Security = the greater of: [(Replacement Cost – Committed Cost) – Current Security]; or Zero.

More Definitions of Market Exposure

Market Exposure means the summation of the amounts calculated for each full calendar month remaining in the Services Term, up to a total of sixty (60) months, of (i) the product of the On-Peak Forward Price minus the On-Peak Energy Price and the On-Peak quantity of Guaranteed Qualified Clean Energy, plus (ii) the product of the Off-Peak Forward Price minus the Off-Peak Energy Price and the Off-Peak quantity of Guaranteed Qualified Clean Energy. The format for calculating the Market Exposure is provided in Exhibit C.

Market Exposure. Every day that a dispute goes unresolved, increases FILI's exposure to financial and reputational risk. Limit market exposure by informing the client that if they choose not to process the transaction at the next market close, the client may be subject to any continued market risk due to fluctuations in prices of the sub accounts they are currently invested in. -------------------------------------------------------------------------------- Page 173 INITIAL ACTION top --- Initial action must be taken on the same day that the problem is received. Best efforts should be made to take same-day action on items received after 4:00 p.m. Action includes but is not limited to: . Due diligence steps to confirm the problem description matches the history in the account. . Review documents to confirm the instructions received. . Transfer the client to the Help Desk to review the estimated gain/loss. The Help Desk will review the Gain/Loss Calculations topic ---------------------- for more information. . High dollar transactions should be reviewed to identify and/or prevent potential market risk. . Based on the gain/loss, approvals may be required before taking corrective action. Proper approval must be received before performing corrective processing.

Market Exposure means, with respect to Borrower, on any Business Day, the aggregate amount of Dollars, if any, that would be payable by Borrower to the counterparties to the Designated Hedge Transactions, if all Designated Hedge Transactions were being terminated as of the close of business in New York, New York on such Business Day.

Market Exposure has the meaning set forth in Section 21.3.

Market Exposure shall be based on the last settled Market Payment between Seller and Buyer. The amount of that last settled Market Payment shall be multiplied by three (3) (for three (3) months). For clarity, for purposes of the Market Exposure calculation, a payment from Seller to Buyer is a negative number, and a payment from Buyer to Seller is a positive number; and

Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. "Unrealized losses" means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and "unrealized profits" means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

Market Exposure means, as reasonably calculated and substantiated upon request, the product of: (i) the difference between the Contract Price and the Market Price for the Undelivered Quantity, and (ii) the Undelivered Quantity.