Auction Currency definition

Auction Currency means in relation to an Auction, the currency of an Auction Portfolio which is the subject of that Auction as determined in accordance with Rule 2.3(b) of this Annex;
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Auction Currency means in relation to an Auction, the currency of an Auction Portfolio which is the subject of that Auction.
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Auction Currency means in relation to an Auction, the currency of a Liquidation Portfolio which is the subject of that Auction as determined in accordance with Article 2.4.2 of this Instruction;
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Examples of Auction Currency in a sentence

  • If fewer than three rates are obtained, it will be deemed that the Auction Currency Rate cannot be determined for such Relevant Pairing.

  • If the Administrators are unable to determine an Auction Currency Rate for each Relevant Pairing in accordance with Sections 2(a) and 2(b) of these Credit Derivatives Auction Settlement Terms, Section 13(b) of these Credit Derivatives Auction Settlement Terms shall apply.

  • On each Business Day from, and including, the relevant Auction Currency Fixing Date to, and including, the earlier of (i) the Auction Final Price Determination Date and (ii) the Auction Cancellation Date, the Administrators will determine whether an Auction Currency Rate can be determined for any Relevant Pairing in accordance with Section 2(a) of these Credit Derivatives Auction Settlement Terms.

  • If exactly three rates are obtained, the Auction Currency Rate will be the rate remaining after disregarding the rates having the highest and lowest values.

  • Where it is possible for the Administrators to determine the rate of conversion for a Relevant Pairing by reference to the Currency Rate Source on the relevant Auction Currency Fixing Date, the relevant rate of conversion shall be the Auction Currency Rate for such Relevant Pairing.

  • The Clearing House and the Fixed Income DMG shall determine the Auction Currency in respect of the relevant Auction.

  • The Auction Losses will be attributed to the Relevant Original Contributions of those Clearing Members who are Currency Participants in the Auction Currency and who did not bid in the relevant Auction.

  • If, for an Auction Portfolio, there remain Auction Losses outstanding after the attribution process referenced to in sub- paragraph (3) above, and there are AIPs relating to other Auction Portfolios in the same Auction Currency in which the Relevant Unfunded Contributions have not been fully utilized, the Clearing House shall attribute the remaining Auctions Losses amongst such Remaining Unfunded Contributions through the attribution process set out in sub-paragraphs (1) to (3) above.

  • If, for an Auction Portfolio, there remain Auction Losses outstanding after the attribution process referenced to in sub- paragraph (iii) above, and there are AIPs relating to other Auction Portfolios in the same Auction Currency in which the Relevant Original Contributions have not been fully utilized, the Clearing House shall attribute the remaining Auctions Losses amongst such remaining Original Contributions through the attribution process set out in sub-paragraphs (1) to (3) above.

  • The Auction Losses will be attributed to the Relevant Unfunded Contributions of those Clearing Members who are Currency Participants in the Auction Currency and who did not bid in the relevant Auction.

Related to Auction Currency

  • First Currency has the meaning specified in Section 1.15.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Second Currency has the meaning specified in Section 14.19.

  • Other Currency has the meaning specified in Section 1.15.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.