Non-Bidder definition
Non-Bidder means, in respect of an Auction, an SCM, which (a) did not bid in such Auction, or (b) bid in such Auction, but whose bid was not Accepted;
Non-Bidder means, in respect of an Auction, a non-Defaulting FXCCM that (a) did not bid in such Auction, or (b) bid in such Auction, but whose bid was not Accepted;
Non-Bidder means a non-Defaulting Clearing Member who does not submit Market Bid(s) in an amount equal to its Minimum Bid Size by the Bid Deadline (and the expiration of any grace period granted by LCH SA, in consultation with the Digital Asset Derivatives Default Management Group, pursuant to Article 15), provided that such non-Defaulting Clearing Member is required to bid for the relevant Auction Package(s) in accordance with Article 13.