default fund means a default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;
default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;
default fund means a superannuation fund that is nominated under section 20(1) of the PSSR Act to be a default fund.
More Definitions of default fund
default fund means the guarantee funds operating severally in the context of the System, made up of the sum of relevant payments of Clearing Members of the Bond, ICSD Bond Sections and the X-COM Section, the Energy Derivatives Section, the Agricultural Commodity Derivatives Section and the Share and Equity Derivatives Sections.
default fund means a fund established by a CCP the purpose of which is to mutualise the losses the CCP incurs due to the default or insolvency of one or more of its clearing members, where the margins and default fund contributions provided by those clearing members are not sufficient to cover those losses;
default fund means a fund established by a CCP in accordance with Article 40 of Regulation (EU) ../.. [EMIR] and used in accordance with Article 42 of that Regulation ;
default fund means the Health Employees’ Superannuation Trust Australia (H.E.S.T.A.) Should an employee fail to nominate a fund, the employer will choose the above approved fund as the default fund into which contributions shall be paid under this Agreement.
default fund means the Health Employees’ Superannuation Trust Australia (H.E.S.T.A.)
default fund means a fund constituted to meet any residual risk arising out of any default by its members in discharging their obligations.
default fund means the sum of the default fund contributions by the members or designated non-members of a [recognised investment exchange] to that exchange or by one [recognised investment exchange] to another or by the members of a [recognised clearing house] to that clearing house or by one [recognised clearing house] to another to the extent those contributions have not been returned or otherwise applied;