Market Conventions Sample Clauses
Market Conventions. With respect to Securities such as U.S. Treasury strips and bills, where the market functions so as to not allow for the sale of such Securities at greater than par, the Collateral Requirement shall equal the lesser of 100% of the par value of the Security or 102% of its Market Value.
Market Conventions. With respect to Securities such as U.S. Treasury strips and bills, where the market functions so as to not allow for the sale of such Securities at greater than par. the Collateral Requirement shall equal the lesser of 100% of the par value of the Security or 102% of its Market Value. The Collateral Requirement for that portion of the Market Value of a lent US corporate debt security that comprises accrued but unpaid interest shall be 100% rather than the amount set forth the in the table above. With respect to Loans of fixed income Securities settled outside of the United States, demands for additional collateral can settle up to two Business Days after the Business Day on which the demand was made. Loans are designated as pending returns when Borrowers notify ▇.▇. ▇▇▇▇▇▇ of their intent to return the lent Securities on a Business Day. Pending returns of Loans collateralized by Cash may not be marked for up to seven Business Days without Lender’s consent, provided that the Market Value of all Collateral held for all Loans to such Borrower exceeds the Market Value of all Securities lent to such Borrower on each Business Day. Securities Lending Agreement - JPMCB New York - General April 2015 Version The following limitations shall apply to ▇.▇. ▇▇▇▇▇▇’▇ authority to lend Securities held in the Lending Accounts:
1. At the time of any Loan, the aggregate Market Value of Lender’s Securities on Loan after taking such Loan into account shall not exceed 30% of the aggregate Market Value of Lender’s total assets, including collateral for Loans.
2. No more than 90% of any Security held by Lender may be on loan at any time.
Market Conventions. With respect to Securities such as U.S. Treasury strips and bills, where the market functions so as to not allow for the sale of such Securities at greater than par, the Collateral Requirement shall equal the lesser of 100% of the par value of the Security or 102% of its Market Value. The Collateral Requirement for that portion of the Market Value of a lent US corporate debt security that comprises accrued but unpaid interest shall be 100% rather than the amount set forth the in the table above. With respect to Loans of fixed income Securities settled outside of the United States, demands for additional collateral can settle up to two Business Days after the Business Day on which the demand was made. Loans are designated as pending returns when Borrowers notify ▇.▇. ▇▇▇▇▇▇ of their intent to return the lent Securities on a Business Day. Pending returns of Loans collateralized by Cash may not be marked for up to seven Business Days without Lender’s consent, provided that the Market Value of all Collateral held for all Loans to such Borrower exceeds the Market Value of all Securities lent to such Borrower on each Business Day.
Market Conventions. With respect to Loans of fixed income Securities settled outside of the United States, demands for additional collateral can settle up to two Business Days after the Business Day on which the demand was made. Loans are designated as pending returns when Borrowers notify ▇.▇. ▇▇▇▇▇▇ of their intent to return the lent Securities on a Business Day. Pending returns of Loans collateralized by Cash may not be marked for up to seven Business Days without Lender’s consent, provided that the Market Value of all Collateral held for all Loans to such Borrower exceeds the Market Value of all Securities lent to such Borrower on each Business Day.
Market Conventions. With respect to Securities such as U.S. Treasury strips and bills, where the market functions so as to not allow for the sale of such Securities at greater than par, the Collateral Requirement shall equal the lesser of 100% of the par value of the Security or 102% of its Market Value. The Collateral Requirement for that portion of the Market Value of a lent US corporate debt security that comprises accrued but unpaid interest shall be 100% rather than the amount set forth the in the table above. With respect to Loans of fixed income Securities settled outside of the United States, demands for additional collateral can settle up to two Business Days after the Business Day on which the demand was made. Loans are designated as pending returns when Borrowers notify J.▇. ▇▇▇▇▇▇ of their intent to return the lent Securities on a Business Day. Pending returns of Loans collateralized by Cash may not be marked for up to seven Business Days without Lender’s consent, provided that the Market Value of all Collateral held for all Loans to such Borrower exceeds the Market Value of all Securities lent to such Borrower on each Business Day. Non-Custodial Securities Lending Agreement - JPMCB New York - General May 2016 Non-Custodial Securities Lending Agreement - JPMCB New York - General May 2016 J.▇. ▇▇▇▇▇▇ may lend Securities in the following markets: Number Lending Markets Lender Approves (Check All That Apply) Additional Market Requirements 1 Australia ☐ Yes - refer to Addendum (I) below 2 Austria ☐ 3 ▇▇▇▇▇▇▇ ☐
Market Conventions. With respect to Securities such as U.S. Treasury strips and bills, where the market functions so as to not allow for the sale of such Securities at greater than par, the Collateral Requirement shall equal the lesser of 100% of the par value of the Security or 102% of its Market Value. The Collateral Requirement for that portion of the Market Value of a lent US corporate debt security that comprises accrued but unpaid interest shall be 100% rather than the amount set forth the in the table above. With respect to Loans of fixed income Securities settled outside of the United States, demands for additional collateral can settle up to two Business Days after the Business Day on which the demand was made. Loans are designated as pending returns when Borrowers notify ▇.▇. ▇▇▇▇▇▇ of their intent to return the lent Securities on a Business Day. Pending returns of Loans collateralized by Cash may not be marked for up to seven Business Days without Lender’s consent, provided that the Market Value of all Collateral held for all Loans to such Borrower exceeds the Market Value of all Securities lent to such Borrower on each Business Day. Securities Lending Agreement EACH OF THE AXA FUND LENDERS LISTED ON ANNEX A HERETO SCHEDULE 4 JPMorgan Chase Bank, N.A. Securities Lending – Limitations on Securities Available for Loan, Lending Accounts and Markets Limitations on Securities Available for Loan The following limitations shall apply to ▇.▇. ▇▇▇▇▇▇’▇ authority to lend Securities held in the Lending Accounts:
1. At the time of any Loan, the aggregate Market Value of Lender’s Securities on Loan after taking such Loan into account shall not exceed 30% of the aggregate Market Value of Lender’s total assets, including collateral for Loans.
2. No more than 90% of any Security held by Lender may be on loan at any time.
3. At the initiation of any Loan, the minimum demand spread must be Fed Open minus 25 basis points. For purposes of this provision, “Fed Open” shall mean, on the date of the initiation of the Loan, the opening price posted on Bloomberg screen “ICAP, FEDSOPEN <Index> Go”. Lending Accounts Lending Account Name Lending Account Number Eligible Markets ▇.▇. ▇▇▇▇▇▇ may lend Securities in the following markets: Number Lending Markets Lender Approves (Check All That Apply) Additional Market Requirements 36 Lender acknowledges that this Schedule 4 to the Securities Lending Agreement dated is effective as of the date specified below and that the relevant Addenda within this...