Trading Level definition

Trading Level means the amount expressed in US dollars representing the exposure of the Fund to the Investment Program in respect of the Fund Account (including any and all cash and other assets actually held in the Account) as notified to the Sub-Adviser by the Trust or the Adviser from time to time in writing in accordance with Clause 24; As used in this Agreement, the terms “affiliated person,” “assignment,” “control,” “interested person,” “principal underwriter” and “vote of a majority of the outstanding voting securities” shall have the meanings set forth in the 1940 Act and the rules and regulations thereunder, subject to any applicable orders of exemption issued by the Securities and Exchange Commission.
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Trading Level means the portion of the Portfolio’s net assets allocated to Reference Funds, expressed as a percentage of the Global NAV.
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Trading Level means the portion of the Portfolio’s net assets allocated to Tracking Assets, expressed as a percentage of the net assets of the Portfolio.
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Examples of Trading Level in a sentence

  • The Trading Advisor will use its reasonable efforts to set the Trading Level at any time as the product of the Segregated Portfolio D Multiple and the Total Assets of Segregated Portfolio D at such time.

  • Finally, we connect these data with the Cambourne’s(1995) Conditions of Learning.

  • Trading Level Incentive – Incentive of 7.5% of base salary can be earned based on the performance of trading desk in executing trades for the internal accounts, external accounts, and liquidation accounts.

  • Trading Level Incentive - This position will also be eligible for an additional incentive payout of 7.50% of base salary, payable if the net loss on trading errors does not exceed 0.01% of the total principal on the stock traded during the fiscal year.

  • Any profits (or losses) in the account will affect the Trading Level of the account.

  • Level 2Level 1 plusPurchase of equity and index calls and putsPurchase of equity and index straddles or combinationsPlease check each Option Trading Level which you wish to request approval for and also check your trading ex- perience for each specific level, where indicated.

  • This will be used to pick up time reminders, and a few due date reminders.

  • Trading Level Incentive – Incentive of 9.0% of base salary can be earned based on the performance of trading desk in executing trades for the internal accounts, external accounts, and liquidation accounts.

  • However, sensitive and accurate detection of viruses in such ar- chival specimens may be affected because viral DNA is often de- graded as a result of excessive fixation or long and/or inappropri- ate storage conditions.

  • TRADING CONSIDERATIONS The Advisor generally will trade accounts of the same Trading Level in the same manner.


More Definitions of Trading Level

Trading Level means the nominal US Dollar amount upon which the Trading Advisor will determine the number of Instruments to be traded in the Account as instructed by the Master Fund or Manager and adjusted from time to time in accordance with Clause 4.
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Trading Level of the Trading Fund shall mean the value at which the Trading Advisor is instructed by the Sponsor to trade the Trading Fund. For purposes of clarity, the Trading Level is calculated without regard to, and is not affected by, accrued Management Fees or Performance Fees (if any). The Trading Level generally reflects a “maximum funding factor” determined by the Sponsor and provided to the Trading Advisor each month. The Trading Level shall initially be approximately 2.5 times the sum of the Trading Fund’s Gross Asset Value (as defined below) and the cash reserves of each of the Aspect CS Series, Aspect Series and AlphaMosaic Series (excluding cash held in the account maintained by any such Series for the purpose of reducing such Series’ leverage to a level less than that of the Trading Fund), or such other amount as communicated by the Sponsor to the Trading Advisor, provided that such Trading Level shall not exceed 4 times such sum without the Trading Advisor’s consent. Unless the Sponsor notifies the Trading Advisor otherwise, in the event of additions to or withdrawals from the Trading Fund, the Trading Level shall be automatically adjusted by multiplying it by a fraction, the numerator of which shall be the net asset value immediately after such addition or withdrawal and the denominator of which shall be the net asset value of the Trading Fund immediately prior to such addition or withdrawal.
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Related to Trading Level

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Applicable Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating or the then-applicable Xxxxx’x Rating as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating AA or higher or Xxxxx’x Rating Aa2 or higher 1 S&P Rating AA- or Xxxxx’x Rating Aa3 2 S&P Rating A+ or Xxxxx’x Rating A1 3 S&P Rating A or Xxxxx’x Rating A2 4 S&P Rating A- or below or Xxxxx’x Rating A3 or below or unrated 5 The Applicable Rating Level for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher (better) of such ratings shall control, unless the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • mandatory control level RBC ’ means the product of .70 and the authorized control level RBC.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).