Settlement Guarantee Fund (SGF) definition
Settlement Guarantee Fund (SGF) means a fund maintained by the Power Exchange or Clearing Corporation used for settlement of defaults of its members as prescribed in the default remedy mechanism of Power Exchange or Clearing Corporation and may comprise of any sources of funds as may be determined by the Power Exchange or Clearing Corporation with prior approval of the Commission from time to time;
Settlement Guarantee Fund (SGF) means a fund created and maintained by Power Exchange and used for settlement of defaults of its members or clients of such members as stipulated in the default remedy mechanism of Power Exchange and shall comprise of any sources of funds as may be determined by the Power Exchange with prior approval of the Commission;
Settlement Guarantee Fund (SGF) means a fund created and maintained by Power Exchange and used for settlement of defaults of its members or clients of
More Definitions of Settlement Guarantee Fund (SGF)
Settlement Guarantee Fund (SGF) means a fund maintained by the gas exchange clearing corporation used for settlement of defaults of its members as prescribed in the default remedy mechanism of gas exchange or clearing corporation and may comprise of any sources of funds as may be determined by the gas exchange or clearing corporation with prior approval of the Board from time to time;
Settlement Guarantee Fund (SGF) means a fund maintained by the power exchange or clearing corporation and which comprises of a pool of member’s base capital or security deposit;