Initial Margin Amount definition

Initial Margin Amount has the meaning specified in Section 4.3.
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Initial Margin Amount means, as to any Clearing Member as of any day, the quotient derived by dividing by three (3) the sum of such Clearing Member’s Initial Margin requirement for such Clearing Member’s House Account and Customer Account as determined by the Clearing House for the final trading day of each of the prior three calendar months (or for such other day in such months as the Board shall direct generally).
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Initial Margin Amount means, as to any Clearing Member as of any day, such Clearing Member’s Initial Margin requirement for such Clearing Member’s House Account and Customer Account as determined by the Clearing House for the trading day (or for such other day in such months as the Board shall direct generally).
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Examples of Initial Margin Amount in a sentence

  • The value of each Account Class Risk Factor is calculated as the proportion that the Required Initial Margin Amount in respect of each set of Rates Services Contracts bears to the aggregate Required Initial Margin Amount of all Rates Service Contracts that are transferred into the Hedged Account at the time such Clearing Client becomes a Non-Porting Client (i.e. at the time of transfer of the Rates Service Contracts into the Hedged Account).

  • For the avoidance of doubt, the Existing Non-Porting Clients Combined Account Class Risk Factor is calculated without respect to the Required Initial Margin Amount of the transferred Rates Service Contracts referable to the New Non- Porting Clients.

  • The manner of notification to a Clearing Participant of its Required Initial Margin Amount prescribed by JSCC as set forth in Paragraph 4 of Article 64 of the Business Rules shall be the method using the CDS Clearing System.

  • The Required Initial Margin Amount for each Clearing Contract subject to Brokerage shall be calculated by JSCC in accordance with the Business Rules, etc.

  • Party B shall deposit with JSCC the Initial Margin in the amount no less than the Required Initial Margin Amount for each Clearing Contract subject to Brokerage (or, if otherwise agreed between Party A and Party B, the larger of the amount calculated under such agreement or the Required Initial Margin Amount) (hereinafter referred to as “Required Deposit Amount”).

  • The Existing Non-Porting Clients Combined Account Class Risk Factor shall be based on the Required Initial Margin Amount of all Rates Service Contracts and associated hedge positions held in the Hedged Account at the beginning of the day on which New Non-Porting Clients are included in the Hedged Account (i.e. at a time prior to the transfer of the Rates Service Contracts referable to New Non-Porting Clients into the Hedged Account).

  • Required Initial Margin Amount in respect of Clearing Contract (Customer Account) The Required Initial Margin Amount of a Clearing Contract (Customer Account) shall be the total amount of the amount calculated using the formula set forth in Paragraph 1 above in respect of each Customer Transaction Account.

  • The measures to raise the Required Initial Margin Amount set forth in Article 32 of the Business Rules shall be taken by the method of regarding the amount calculated in accordance with the multiplier prescribed by JSCC through notification as the Extra Required Initial Margin Amount.

  • The amount equivalent to the Required Initial Margin Amount multiplied by the ratio prescribed by JSCC through notification; b.

  • The Existing Non-Porting Clients Combined Account Class Risk Factor shall be based on the Required Initial Margin Amount of all Rates Service Contracts and associated hedge positions held in the Hedged Account at the beginning of the day on which New Non-Porting Clients are included in the Hedged Account (i.e. at a time prior to the transfer of the Rates Service Contracts referable to New Non- Porting Clients into the Hedged Account).


More Definitions of Initial Margin Amount

Initial Margin Amount means, with respect to any Transaction:
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Initial Margin Amount with respect to GMAC IM, means $0, and with respect to GMAC Mortgage, means $0 unless otherwise stated in the confirmation for a Transaction.
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Related to Initial Margin Amount

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • 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).

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Tranche Write-down Amount With respect to each Payment Date, the excess, if any, of the Principal Loss Amount for such Payment Date over the Principal Recovery Amount for such Payment Date. With respect to each Payment Date, the Class Notional Amount for the Class A-H Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Margin Percentage with respect to any repurchase transaction shall be 102% or such other percentage as is agreed to by Seller and the Participating Funds (except that in no event shall the Margin Percentage be less than 100%).

  • Applicable ABR Margin means, at any date:

  • Subsequent Margin means the margin specified as such in the applicable Final Terms;

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Pricing Spread shall have the meaning set forth in the Pricing Side Letter.

  • Weighted Average Net Mortgage Rate The weighted average of the Net Mortgage Rates of the Mortgage Loans, weighted on the basis of the Stated Principal Balances thereof as of the close of business on the first day of the calendar month preceding the month in which such Distribution Date occurs.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.