Default Management Process definition

Default Management Process means the processes of the Clearing House outlined in the Default Regulations, as the same may be supplemented and/or amended from time to time in accordance with the Rulebook.
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Examples of Default Management Process in a sentence

  • For the avoidance of doubt, and without limitation of the provisions of this Regulation 204 and the other Default Regulations, the Clearing House shall have no recourse to the process of offsetting Contracts in connection with the Default Management Process, except to the extent that offsetting would otherwise apply under the circumstances pursuant to Regulation 109.(b) House Business.

  • For the avoidance of doubt, the Clearing House will utilize the resources available to it pursuant to Regulation 302 for the purposes of making such a payment notwithstanding that other Auction Portfolios of the Defaulting Clearing Member may not yet have been auctioned and that the loss attribution process provided for by Regulation 204(b)(v) has not yet occurred.(e) Information Regarding the Default Management Process.

  • The Default Management Process in respect of any Contract in respect of Client Business shall be conducted in accordance with this Regulation 204(c).

  • The members of the DMG shall also meet within one hour, or as soon as reasonably practical, following notification by the Clearing House that a Default Notice has been served upon a Clearing Member, and at sufficiently frequent intervals thereafter for so long as may be necessary to assist the Clearing House in the implementation of the Default Management Process as contemplated under this Agreement.

  • Subject to the limitations set forth in this subsection (c), the Default Management Process in respect of Client Business shall be conducted in accordance with the provisions of Regulation 204(b) (to the extent applicable).

  • In conducting the Default Management Process in respect of Client Business in accordance with the foregoingsentence, the Clearing House may take any actions not prohibited by applicable law regarding the liquidation or transfer of Contracts carried on behalf of its Clients.

  • Whenever the Default Management Process is implemented by the Clearing House in respect of a Defaulting Clearing Member, the Clearing House will, with the assistance of the DMG, provide such ongoing information to Clearing Members as the Clearing House deems reasonably appropriate in respect of the progress of the Default Management Process.

  • Nothing in this Regulation 204(e) shall require the Clearing House to disclose information in respect of the Default Management Process which, in the reasonable opinion of the Clearing House, may be subject to obligations of confidentiality, may constitute market sensitive data or is, in the Clearing House’s reasonable opinion, inappropriate for disclosure to Clearing Members.

  • Regulation 204 Default Management Process (a) Scope and Interpretation.

  • Such implementation shall include, without limitation, the provision of general default management advice with regard to: (x) the ongoing obligations of the Clearing House to its Non- Defaulting Clearing Members; (y) the neutralization and closing-out of the individual obligations of the Defaulting Clearing Member; and (z) the splitting of Portfolios and the disposal of Auction Portfolios in accordance with the Default Management Process.

Related to Default Management Process

  • Pendency of the procurement process means the time period commencing with the public notice of the request for proposals and ending with the award of the contract or the cancellation of the request for proposals.

  • Account Manager means a Person that acts as an agent and attorney-in- fact to buy or sell Swaps via the SEF operated by BSEF in the name and on behalf of another Person. An Account Manager may also be a Participant.

  • Project Management The individuals appointed by each Party cf. clause 4.1 in the Agreement.

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Case management means a coordinated set of activities conducted for individual patient management of serious, complicated, protracted or other health conditions.

  • Expiry Date (Data di Scadenza) means the "Expiry Date" as specified in § 1 of the Product and Underlying Data.

  • Project Manager means the principal employee or agent of the Recipient having administrative authority over the Project designated in Appendix B pursuant to Section VI hereof, or authorized designee as per written notification to the Director.