Current Exposure means the larger of zero or the market value of a transaction or portfolio of transactions within a netting set with a counterparty that would be lost upon the default of the counterparty, assuming no recovery on the value of those transactions in bankruptcy.
Current Exposure means the positive value of a transaction or a portfolio of transactions within a netting set (if the value is negative, current exposure is zero) that would be lost upon the default of the counterparty, assuming no recovery on the value of those transactions in the event of bankruptcy of that counterparty;
Current Exposure means the loss that a central counterparty would face immediately if a clearing member or counterparty were to default;
Examples of Current Exposure in a sentence
This is based on the Current Exposure method as per RBI master circular on Exposure norms.
The value of forward contracts is arrived based on Current Exposure Method (CEM).
The Current Exposure Method requires periodical calculation of the current credit exposure by marking these contracts to market.
The Current Exposure Method requires periodical calculation of the current credit exposure by marking these contracts to market, thus capturing the current credit exposure.
This Agreement shall be construed and governed by the laws of the State of California.
More Definitions of Current Exposure
Current Exposure means, as of any time, the aggregate Supply Cost for all Crude Oil that has been delivered by Supplier to Coffeyville hereunder that remains unpaid as of such time, plus all other amounts invoiced under Section 7.3 that remain unpaid as of such time, plus the positive or negative mxxx-to-market exposure (as determined by Supplier in a commercially reasonable manner) with respect to all Spread Adjustments that at such time have not been allocated to a Sale Contract.
Current Exposure means the loss that a clearing house or, in some cases, its participants would face immediately if a participant were to default, being the market value or replacement cost of a transaction, or portfolio of transactions within a netting set, with the participant that would be lost upon the latter’s default;
Current Exposure means, as of any time, the aggregate Supply Cost for all Crude Oil that has been delivered by Supplier to Coffeyville hereunder that remains unpaid as of such time, plus all other amounts invoiced under Section 7.3 that remain unpaid as of such time, plus the positive or negative mark-to- market exposure (as determined by Supplier in a commercially reasonable manner) with respect to all Sales Contracts and Spread Adjustments that at such time are outstanding.
Current Exposure means, with respect to a Company-Generation Sub and the CECG Power Purchase Agreement to which it is a party, for any given month, the positive difference, if any, between (i) the aggregate amount of Hedge Payments (as defined in the relevant CECG Power Purchase Agreement) due and payable by CECG (or its permitted successors or assigns) in connection with delivery of Fixed Product (as defined in the relevant CECG Power Purchase Agreement) during such month pursuant to such CECG Power Purchase Agreement and (ii) the aggregate sum of, for each hour during such month, the product of (x) with respect to Xxxxxxx Cliffs Nuclear Power Plant, Inc., the Day-Ahead Energy Market LMP hourly price (in $/MWh) corresponding to the Delivery Point (as defined in the relevant CECG Power Purchase Agreement) as published by PJM, or with respect to the other Company-Generation Subs, the Day-Ahead Market Generator LBMP hourly price (in $/MWh) corresponding to the Delivery Point (as defined in the relevant CECG Power Purchase Agreement), as published by the NYISO, and (y) the quantity of Fixed Product (as defined in the relevant CECG Power Purchase Agreement) delivered to CECG for such hour pursuant to such CECG Power Purchase Agreement.
Current Exposure means the larger of zero or the market value of a transaction or portfolio of transactions within a netting set with a counter party which would be lost upon the default of the counter party, assuming no recovery on the value of those transactions in bankruptcy.
Current Exposure means, as of any Business Day, (a) the sum, without duplication, of (i) the Current Xxxx-to-Market of all Post-Unwind Start Date Transactions, (ii) all cash, letters of credit, surety bonds and any cash equivalents posted by the Merrill Parties under this Agreement, (iii) the aggregate amount of all outstanding ML Guarantees (other than any ML Guarantee of a Post-Unwind Start Date Transaction) and (iv) Current Payables, in each case, as determined by the Merrill Parties as of such Business Day and set forth in the related Exposure Report; provided that for purposes of the foregoing (1) Current Xxxx-to-Market shall
Current Exposure means, as of any time, the sum of the projected Aggregate Sale Prices under all then outstanding Forward Sale Contracts (determined based on the then current the closing settlement price on the New York Mercantile Exchange for the NYMEX WTI futures contract for the nearby month), plus all other amounts then due and owing from Coffeyville to Axxx under this Agreement