Examples of Transferred Margin in a sentence
You may, with our prior written consent, Transfer new Acceptable Margin to us in substitution for the Transferred Margin having the same nominal value and of the same amount as determined by us, as such new Acceptable Margin, whereupon we will Transfer to you Equivalent Margin in respect of the Transferred Margin being substituted.
Upon a demand made by you on or promptly following the Valuation Date, if the Value of the Transferred Margin exceeds the amount of the Margining Requirement, then we will Transfer to you such Equivalent Margin having a Value as of the date of Transfer as close as practicable to the applicable Margin Return Amount (rounded down to the nearest integral multiple).
For this purpose, “Default Margin Amount” means the amount, calculated in our Base Currency of the aggregate value as at the relevant Liquidation Date (as determined by us) of the Transferred Margin.
All cash placed by you with us being treated by us as collateral, shall be deemed to constitute Transferred Margin.
We will also treat an amount equal to any interest payable on the principal amount of any cash comprised in the Transferred Margin (“Interest”) as an addition to the Transferred Margin, unless agreed otherwise between us and you, no interest is payable by us on any Transferred Margin transferred by you.
We will treat any cash, securities or other property of the same type, nominal value, description and amount as the relevant Dividends (less any deductions on account of any tax) (“Equivalent Dividends”) as an addition to the Transferred Margin.
You agree that, if Interest is deemed to be negative for any reason, then it will be treated as a deduction from the Transferred Margin.
In respect of each Valuation Date, if the amount of the Margining Requirement exceeds the Value of the Transferred Margin, then you will immediately Transfer to us Acceptable Margin having Value as of the date of the Transfer at least equal to the applicable Margin Delivery Amount (rounded up to the nearest integral multiple).