RQV Shortfall definition
RQV Shortfall means, as of any time in respect of an SFT and the Related SFT, the amount by which the RQV required to be delivered in respect of such SFT and Related SFT, as determined by Cboe Clear, exceeds the Value of the RQV Assets transferred or pledged (as applicable) to Lender or Cboe Clear (in its capacity as lender), as applicable (in respect of which Equivalent RQV Assets have not been transferred to Borrower or Cboe Clear (in its capacity as borrower)).