Cross Margining definition

Cross Margining means a scheme of calculating Required Initial Margin for Positions in JGB Futures Contracts designated by JSCC under the Rules5;
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Cross Margining means a scheme of calculating Required Initial Margin for Positions in JGB Futures Contracts or Interest Rate Futures Contracts designated by JSCC under the Rules2;
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Examples of Cross Margining in a sentence

  • Each party acknowledges that during the Term the other party may have to incorporate new equipment into or modify its technical systems, policies or procedures in connection with fulfilling its obligations under this Agreement, including, without limitation, its obligations under the Cross Margining Agreement.

  • In order to provide capital and margin efficiencies for market participants trading certain NYMEX Products and CME Globex Contracts, the parties shall enter into the Cross Margining Agreement attached as Exhibit E hereto.

  • If CME determines at any time that any Eligible Position held in a Cross- Margining Participant’s Cross-Margining Account at CME are non-risk reducing, CME may either restrict the addition of Eligible Positions to the Cross-Margining Account at CME or require the Cross-Margining Participant to move or liquidate such Eligible Positions at CME.

  • By entering into this Cross-Margining Participant Agreement (this “Agreement”), Member hereby elects to become a Cross-Margining Participant for purposes of the NYPC Cross- Margining Agreement between FICC and NYPC dated [⚫], 2010 (as amended, modified, or supplemented from time to time, the “Cross-Margining Agreement”).

  • FICC shall notify NYPC, and NYPC shall notify FICC, upon acceptance of a Clearing Member as a Cross- Margining Participant, and the Clearing Organizations shall mutually agree on a start date for the Cross-Margining Participant.

  • When the proposal results in decreased margin savings and therefore higher margin requirements, the proposed rule change could burden competition for Cross- Margining Participants that have lower operating margins or higher costs of capital compared to other Members.

  • The proposed Restated Agreement would provide that FICC and CME would independently determine the percentage of margin savings that would be derived for a Cross- Margining Account36 as if it was a Combined Portfolio.

  • When the proposal results in higher margin savings and therefore lower margin requirements, the proposed rule change could promote competition by resulting in lower operating costs and capital efficiencies for Cross- Margining Participants.

  • Any funds received by a Clearing Organization upon liquidation of positions in the Set of Clearing Member Cross- Margining Accounts of a Cross-Margining Participant pursuant to this Section shall be applied in accordance with the following paragraphs of this Section.

  • The proposed rule change consists of a proposed Amended and Restated Cross- Margining Agreement (the “Restated Agreement”) between FICC and the Chicago Mercantile Exchange Inc.