Variation Margin definition

Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

Variation Margin means, in connection with an outstanding futures contract owned or sold by the Trust, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

Variation Margin means margins collected or paid out to reflect current exposures resulting from actual changes in market prices;

Examples of Variation Margin in a sentence

• Upon request or dispute by a Contracting Party, Exchange will investigate and determine, in its sole discretion, whether Variation Margin should be recalculated and will advise the Contracting Party of its determination as soon as reasonably practicable.

• Variation Margin – In determining Variation Margin, Exchange will consider the reasonable estimation of the current market value using internal and external sources for each Product.

• Where Argentex makes a Margin Call, the Client must transfer to the specified Account the Variation Margin within one Working Day of Argentex first communicating the Margin Call.

• This applies to payments made for the purpose of Initial and Variation Margin.

• Argentex may at its discretion use the Initial Margin or Variation Margin on one FX Contract as Initial Margin or Variation Margin on another FX Contract where an Adverse Market Movement has caused the Initial Margin on such FX Contract to fall short of Initial Margin called for.

More Definitions of Variation Margin

Variation Margin means the collateral collected by a counterparty to reflect the results of the daily marking-to-market or marking-to-model of outstanding contracts referred to in Article 11(2) of Regulation (EU) No 648/2012;

Variation Margin means cash funds required when the net marked to market value of all open Orders exceeds 10%, or an alternative percentage or fixed amount as AFEX may advise, of the notional value of all open Orders.

Variation Margin means, in respect of every Product for each trading day, a reasonable estimate of the market value of such Product as determined by Exchange, in its sole discretion, considering the reasonable estimation of the current market value using internal and external sources for each Product. Should the Contracting Party dispute such determination, Exchange will investigate and determine, in its sole discretion, whether or not a recalculation should be undertaken and will advise the Contracting Party of its decision as soon as reasonably practicable.

Variation Margin means, in respect of every Product for each trading day, a reasonable estimate of the market value of such Product as determined by Exchange, in its sole discretion, considering the reasonable estimation of the current market value using internal and external sources for each Product. Should the

Variation Margin has the meaning set out in clause 21.1

Variation Margin means the additional margin required from the Client to cover adverse exchange rate movements relating to existing Forward Trades.

Variation Margin means an amount determined by the Clearing House in accordance with these Regulations and/or the Procedures inrespect of original contracts or open contracts (as the case may be) For the purpose of a ballot under clause 9.4(c) of the Clearing Membership Agreement, "Quarter Day" shall be construed as referring to a Determination Date.Any reference in these Regulations or the Procedures to statutes or statutory instruments or provisions thereof shall be to such statutes or statutory instruments or provisions thereof as amended, modified or replaced from time to time.Reference to writing contained in these Regulations or the Procedures shall include typing, printing, lithography, photography or any other mode of representing or reproducing words in a visible form.Words importing the singular shall, where the context permits, include the plural and vice- versa.Any reference to time contained in these Regulations or the Procedures shall, unless otherwise stated, be to London time. Times are shown using the twenty four hour clock.Any reference in these Regulations to a person or a party (howsoever described) shall include its successors.Headings are used herein for ease of reference only.