Auction Settlement definition

Auction Settlement means the determination of the Auction Final Price pursuant to the Transaction Auction Settlement Terms with respect to a Reference Entity".
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Auction Settlement means that the Calculation Agent will request, at its reasonable discretion (section 317 BGB), quotations in respect of the Reference Assets from three market-leading Dealers, as a consequence of the exercise of the extraordinary termination right by the Issuer or the Noteholders, respectively. The Issuer will transfer the Reference Assets to the Winning Dealer.
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Auction Settlement of CDS means a settlement process in which the price of the reference/deliverable obligation at which the settlement will happen is determined through an auction mechanism.
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Examples of Auction Settlement in a sentence

  • Where the Issuer is to redeem Notes by means of Auction Settlement, the redemption of each Note shall be effected by the payment of the Auction Settlement Amount on the Credit Event Redemption Date, such amount to be apportioned pro rata among the Noteholders, rounding the resulting figure downwards to the nearest sub-unit of the relevant currency.

  • Auction Settlement Date: Five (5) Business Days following the Auction Final Price Determination Date.

  • For the avoidance of doubt, if more than one set of Deliverable Obligation Terms are published by the DC Secretary in respect of the Credit Derivatives Auction Settlement Terms relating to the Reference Entity, the relevant Auction for the purposes of determining the Auction Final Price shall be the Auction (if any) in respect of which the Deliverable Obligation Terms require that the relevant obligations be Not Subordinated to obligations which are of the same seniority as the Reference Obligation.

  • In such a role, in relation to any Succession Event or Credit Event or Transaction Auction Settlement Terms, it can (i) accept or refuse that a question raised by a market participant be submitted to the ISDA Credit Derivatives Determinations Committee and/or (ii) vote in favour or against any resolution of the ISDA Credit Derivatives Determinations Committee following any questions raised to the ISDA Credit Derivatives Determinations Committee.

  • In particular, we understood that Indian banks may not bid on distressed assets (and that is one of the reasons why Auction Settlement is not applicable).

  • For example, Auction Settlement is not applicable but we have not specifically deleted the relevant provisions in the Credit Derivatives Definitions.

  • This Master Confirmation Agreement (which term includes all Annexes hereto) incorporates by reference the 2003 ISDA® Credit Derivatives Definitions as supplemented by the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement to the 2003 ISDA Credit Derivatives Definitions (together, the “Credit Derivatives Definitions”) as amended by Annex 2 (Amendments to the Credit Derivatives Definitions).

  • By the 2nd Business Day of the 4th Billing Period after each Billing Period, AEMO must make available to the Auction Participant a Revised Auction Statement in respect of that Billing Period, taking into account the outcome of any queries or disputes resolved in respect of the Auction Settlement Statement for that Billing Period.

  • If the Additional Credit Terms specify that Auction Settlement is applicable but, among other things, ISDA does not sponsor an Auction or if the Auction is considered abandoned, the Credit Linked Notes will be redeemed in accordance with the Fallback Settlement Method specified in the Additional Credit Terms.

  • Revised auction statements Subject to this clause A.7.3, the Auction Participant may notify AEMO of a query concerning the amount payable in an Auction Settlement Statement before 9:00am on the 1st Business Day of the 4th Billing Period after the end of the Billing Period for the Auction Settlement Statement and AEMO and the Auction Participant must each use reasonable endeavours to resolve that query before that cut-off time.


More Definitions of Auction Settlement

Auction Settlement means the activity of billing and settlement of amounts payable in respect of the Capacity Auction.
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Auction Settlement. Amount for a Billing Period means the amount determined by AEMO under the Auction Procedures to be the amount payable by the Auction Participant in respect of the Billing Period including Auction Fees for the Billing Period and payment for Auction Capacity purchased in the Capacity Auction.
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Auction Settlement means a settlement of credit linked transactions using the Auction Final Price determined pursuant to an Auction. Without prejudice to the foregoing, but without duplication of settlement, if (a) an Auction Cancellation Date occurs, (b) a No Auction Announcement Date occurs,
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Auction Settlement. (Auktionsverfahren) means if Auction Settlement is specified as the applicable Settlement Method [in the Matrix for the Reference Entity specific transaction type] [in Annex A[●]] a settlement of credit linked transactions using the Auction Final Price determined pursuant to an Auction. Without prejudice to the foregoing, but without duplication of settlement, if (a) an Auction Cancellation Date occurs, (b) a No Auction Announcement Date occurs, (c) ISDA publicly announces that the relevant Credit Derivatives Determinations Committee has Resolved, following a Credit Event Resolution Request Date, not to determine whether a Credit Event occurred or not, (d) no Request was made to ISDA in respect of a Credit Event, (e) the Event Determination Date occurs on a date that is later than the relevant Exercise Cut-off Date, or
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Auction Settlement means settlement in accordance with Condition 13.2 (Auction Settlement)
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Related to Auction Settlement

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Remarketing Settlement Date means (i) in the case of a Successful Optional Remarketing, (x) if the remarketed Notes are priced before 4:30 p.m. New York City time on the Optional Remarketing Date for such Successful Optional Remarketing, the third Business Day immediately following such Optional Remarketing Date and (y) otherwise, the fourth Business Day following the relevant Optional Remarketing Date, and (ii) in the case of a Final Remarketing, the Purchase Contract Settlement Date.

  • Credit Derivatives Auction Settlement Terms means the credit derivatives auction settlement terms published by ISDA in relation to the Reference Entity or Reference Obligation with the object of determining an Auction Final Price, which shall include, where more than one set of terms is published in respect of the Reference Entity, all or any of such terms so published.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Mandatory Settlement Date means the earliest of:

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.