SwapClear CTM Contract definition

SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STM Contract
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SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STMContract
Sample 1Sample 2Sample 3
SwapClear CTM Contract means a SwapClear Contract that is not a SwapClear STM Contract"SwapClear Dealer Clearing Agreement"means a written agreement, in the form and on the terms prescribed by the Clearing House between a SwapClear Dealer, a SwapClear Clearing Member and the Clearing House"SwapClear Dealer" or "SD"means a person admitted by the Clearing House to the Register of SwapClear Dealers and who has not been removed from the Register"SwapClear Default Fund Supplement"means the Supplement relating to the SwapClear Business"SwapClear Default Management Process"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Management Process Completion Date"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear Default Period"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear Determination Date"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement – SwapClear"SwapClear DMG"has the meaning assigned to it in the SwapClear DMP Annex in the Default Rules"SwapClear DMP"has the meaning assigned to it in the Default Rules"SwapClear Eligibility Criteria"means the product eligibility criteria in respect of SwapClear Transactions as set out in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website from time to time"SwapClear End of Day Price"has the meaning assigned to it in Chapter XIV(l)
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Examples of SwapClear CTM Contract in a sentence

  • Any transfers of cash Collateral by an SCM to the Clearing House in respect of the SCM's variation margin obligations in connection with a SwapClear CTM Contract, or by the Clearing House to an SCM in respect of the Clearing House's variation margin obligations in connection with a SwapClear CTM Contract shall be for the purpose of collateralisation and not settlement of the relevant party’s obligations under the relevant SwapClear CTM Contract.

  • No open SwapClear CTM Contract shall be converted into a SwapClear STM Contract except as provided in this Regulation 57A or the Procedures.

  • For the avoidance of doubt, the Clearing House may determine that two or more SwapClear Contracts have “substantially the same Economic Terms” even if (i) they have differing fixed rates or (ii) they include at least one each of a SwapClear CTM Contract and a SwapClear STM Contract.

  • The net present value of each SwapClear CTM Contract shall be calculated by the Clearing House for the purposes of determining required variation margin in such manner and at such times as may be provided in the Procedures.

  • In the absence of any such election, the Clearing House shall register the SwapClear Contract as a SwapClear CTM Contract.

  • LCH ClearnetIn November 2015, LCH proposed rule changes that would allow its SwapClear CMs to elect to change their outstanding and new SwapClear Contracts16 from SwapClear CTM Contract to the new SwapClear STM Contract.17 The change from a CTM to STM contract results in the variation margin on such contracts being considered as settlement of any existing MTM on the respective derivative instead of as collateral.

  • Similarly, FCM Regulation 46, paragraph (q) (vii) clarifies that it is a condition precedent to the transfer of a SwapClear CTM Contract to an FCM Clearing Member that the transferring clearing member make any payment determined by LCH to be necessary to ensure that the net present value of the transferred contract is zero.

  • The Town will hold the option to continue services under the terms and conditions stated in the contract for an initial two year period with one additional one-year extension should it be in the best interest of the Town and its employees to retain said services.

  • The surplus funding will be utilised to fund new intake in 2023 and future intakes.

  • The registration of a SwapClear Contract as a SwapClear CTM Contract or a SwapClear STM Contract shall be determined by the Clearing House on the basis of an election made by the relevant SwapClear Clearing Member either generally, with reference to a particular account or on a case-by-case basis in accordance with the Procedures.

Related to SwapClear CTM Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Derivative Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, repurchase transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement.

  • Open Contract means a Contract which has not been closed out and which has not yet matured;

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Privatization contract or “contract” means an agreement or

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Standard form contract means a financial contract that is substantially not negotiable for the Client, except for the terms contained in point 11.C.

  • Credit-sale contract means the same as defined in section 203.1.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Futures Contract Option means an option with respect to a Futures Contract.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Standard Contract means a contract concerning a wholesale energy product admitted to trading at an organised market place, irrespective of whether or not the transaction actually takes place on that market place;

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Similar contract means Motor Vehicle.