Examples of Risk Neutralisation in a sentence
A SwapClear Transaction may be entered into by and presented for clearing by (or on behalf of) any of the following parties: (a) SwapClear Clearing Members (or the SCM Branch of any such SwapClear Clearing Member); (b) SwapClear Dealers; (c) SwapClear Clearing Clients; (d) FCM SwapClear Members; and(e) in respect of Risk Neutralisation, the Clearing House.
FXCCMs, FXDs, ForexClear Clearing Clients and, in respect of hedging ForexClear Transactions executed for the purpose of Risk Neutralisation, the Clearing House are collectively known as ForexClear Participants ("FXPs").
The Clearing House may undertake Risk Neutralisation before, as part of, concurrently with and/or subsequent to the splitting of a Portfolio pursuant to Rule 2.1 above.
Where, in the context of a Default, the Clearing House executes a hedging ForexClear Transaction with a Hedging ForexClear Service Clearing Member for the purpose of Risk Neutralisation, and such ForexClear Transaction is presented for clearing to the Clearing House, the Clearing House may determine (in its sole discretion) that any Validation Check(s) in respect of such ForexClear Transaction are deemed to have been passed.
Risk Neutralisation in relation to such FCM SwapClear Contracts or ForexClear Contracts, as applicable, and the auction process in relation to an Auction Portfolio of such FCM SwapClear Contracts, or FCM ForexClear Contracts, as applicable, shall be conducted in accordance with the provisions of the Rates Service DMP Annex or the ForexClear DMP Annex, respectively.
The aim of Risk Neutralisation is to reduce market exposure to within defined tolerance limits expressed as deltas or other measures of market risk and as established from time to time by the Clearing House in consultation with the ForexClear DMG or as may reasonably be determined by the Clearing House in consultation with the ForexClear DMG once a Default has been declared under the Default Rules.
The aim of Risk Neutralisation is to reduce market exposure to within defined tolerance limits expressed as deltas or other measures of market risk and as established from time to time by the Clearing House in consultation with the Rates Service DMG or as may reasonably be determined by the Clearing House in consultation with the Rates Service DMG once a Default has been declared under the Default Rules.
For the avoidance of doubt, Risk Neutralisation may happen prior to, as part of, concurrently with and/or subsequently to the splitting of a Portfolio pursuant to Rule 2.1 above.
For the avoidance of doubt, Risk Neutralisation may happen prior to, concurrently with and/or subsequently to the splitting of a Portfolio pursuant to Rule2.1 above.
The aim of Risk Neutralisation is to reduce market exposure to within defined tolerance limits expressed as deltas or other measures of market risk and as established from time to time by the Clearing House in consultation with the ForexClear DMG or as may reasonably be determined by the Clearing House in consultation with the ForexClear DMG once a Default has occurred.