Gross Customer Margin definition

Gross Customer Margin or “GCM” – means the method for assessing margin on Customer accounts, where the margin required for each customer’s positions is equal to the minimum margin that would be required from a Clearing Participant holding the same positions.
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Related to Gross Customer Margin

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Supplier Profit Margin means, in relation to a period or a Milestone (as the context requires), the Supplier Profit for the relevant period or in relation to the relevant Milestone divided by the total Call Off Contract Charges over the same period or in relation to the relevant Milestone and expressed as a percentage;

  • Retail margin means an amount, reflecting differences in

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Program Fee Rate is defined in the Fee Letter.