Residual Positions definition

Residual Positions is defined in the definition ofLease Purchase Transaction.”
Residual Positions has the meaning given to it in paragraph (a) of Clause 7.7.
Residual Positions given that some of the assets in the portfolio are of a long-term nature, UBS may, after five years, elect to use a contractually defined mechanism to exclude residual positions from the guarantee in order to be able to draw on the guarantee. Residual assets excluded in this way will have no guarantee protection. Profits expected on such residual assets will generally be taken into account when calculating the net loss share. • Payment mechanisms: once UBS draws down the guarantee, the federal government will request that FINMA confirm the amount of the loss in accordance with the ordinance of 16 March 2023. The Confederation will pay out the confirmed amount no later than nine months after receiving confirmation from FINMA. The nine-month payment timeframe will ensure that the federal government can raise the funds with minimum impact on the market.

Examples of Residual Positions in a sentence

  • Applicable Residual Margin Amounts Applicable Residual Margin Amounts Used Offset Class CO A FICC CO A FICC 2 Year 50,000,000 L 150,000,000 S 50,000,000 L 50,000,000 S (1/3 rd allocated) Liquidation Results Gain/(Loss) on Residual Positions Cross Margin Gain/(Loss) Offset Class CO A FICC CO A FICC 2 Year (70,000,000) (30,000,000) (70,000,000) (10,000,000) (1/3 rd allocated) Concepts Illustrated: Cross Margin Gain / Cross Margin Loss is proportional to the percentage of the Applicable Residual Margin Used.

  • Option Arm volumes were 1bn in Q4 vs 11.6bn in Q4 06Q4 07 revenues were driven by writedown losses of (-807mm) of which -681mm on Subordinate and Residual Positions and -126mm in Whole loan writedowns.

  • Notwithstanding any other provision of this Agreement, each of FICC and CME may unilaterally determine, on any Business Day, to reduce (including to reduce to zero) the Residual Positions and the corresponding Residual Margin Amounts that it makes available for cross-margining with respect to an individual Cross-Margining Participant or with respect to all Cross-Margining Participants.

  • CO A CO B FICC 50,000,000 L 10,000,000 L 150,000,000 S Applicable Residual Margin Amounts Used CO A CO B FICC 50,000,000 L 10,000,000 L 60,000,000S Liquidation Results Gain/(Loss) on Residual Positions Cross Margin Gain/ (Loss) Offset Class CO A CO B FICC CO A CO B FICC 2 Year (70,000,000) (5,000,000) (30,000,000) (70,000,000) (5,000,000) (12,000,000) Concepts Illustrated: • With multilateral cross margining, eligible gain/loss is proportional.

  • Applicable Residual Margin Amounts Applicable Residual Margin Amounts Used Offset Class CO A FICC CO A FICC 2 Year 50,000,000 L 150,000,000 S 50,000,000 L 50,000,000 S (1/3 rd allocated) Liquidation Results Gain/(Loss) on Residual Positions Cross Margin Gain/(Loss) Offset Class CO A FICC CO A FICC (1/3 rd allocated) Concepts Illustrated: • Cross Margin Gain / Cross Margin Loss is proportional to the percentage of the Applicable Residual Margin Used.

  • FICC shall inform CME, and CME shall inform FICC, of the exact methodology used to calculate its Residual Positions.

  • The Residual Positions shall be derived after first internally offsetting, including in the case of FICC, offsetting positions pursuant to the cross- margining arrangement between FICC and New York Portfolio Clearing, LLC, any Eligible Positions.

Related to Residual Positions

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.

  • Residual Metered Load means all load remaining in an electric distribution company’s fully metered franchise area(s) or service territory(ies) after all nodally priced load of entities serving load in such area(s) or territory(ies) has been carved out.

  • Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Residual Auction Revenue Rights means incremental stage 1 Auction Revenue Rights created within a Planning Period by an increase in transmission system capability, including the return to service of existing transmission capability, that was not modeled pursuant to Operating Agreement, Schedule 1, section 7.5 and the parallel provisions of Tariff, Attachment K- Appendix, section 7.5 in compliance with Operating Agreement, Schedule 1, section 7.4.2 (h) and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2(h), and, if modeled, would have increased the amount of stage 1 Auction Revenue Rights allocated pursuant to Operating Agreement, Schedule 1, section 7.4.2 and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2; provided that, the foregoing notwithstanding, Residual Auction Revenue Rights shall exclude: 1) Incremental Auction Revenue Rights allocated pursuant to Tariff, Part VI; and 2) Auction Revenue Rights allocated to entities that are assigned cost responsibility pursuant to Operating Agreement, Schedule 6 for transmission upgrades that create such rights.

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Anticipated county property tax revenue availability means the

  • Residual Waste means low-level radioactive waste resulting from processing or decontamination activities that cannot be easily separated into distinct batches attributable to specific waste generators. This waste is attributable to the processor or decontamination facility, as applicable.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Rear position lamp means the lamp used to indicate the presence of the vehicle when viewed from the rear;

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Focal point means the entity of a Party referred to in Article 5 responsible for receiving and submitting information as provided for in Articles 13 and 16;

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Tractor truck means every motor vehicle designed and used primarily for drawing other vehicles

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Access Charges means the sum payable under the Access Agreement and/or this RAO agreed by the Operators to be paid by the Access Seeker to the Access Provider for providing the Access Service, the indicative Access Charges are as per Appendix C hereof which rate is exclusive of GST which shall be payable also by the Access Seeker.

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.