Transfer Limit: {{{TLM}}}% * (({{{SLEM}}}% * Stock Loan Exposure) + Account Balance{{otcim{{{IM}}}}})
Where on any day:
Stock Loan Exposure means the mark to market value of outstanding securities loans we have made to you under the PB Agreement.
Account Balance means the aggregate value in the Base Currency of all Accounts (including all outstanding cash loans), expressed as a positive if owed to us. Amounts paid to you under the CSA will reduce the Account Balance, and monies paid by you under the CSA will increase the Account Balance.
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- 13.2(b) Two-way Market Quotation Termination Payment. Both Parties shall go into the market and obtain three (3) mid-market quotations in the Termination Currency from third party dealers for a replacement Transaction for the same amount of Period Traded Allowances (without taking into account the current credit-worthiness of the Requesting Party or any existing Credit Support Document). Each Party will then calculate the average of the quotations it obtained and the amount payable shall be equal to (A) the sum of (I) one-half of the difference between the higher amount so determined (the Party determining the higher amount being “X”) and the lower amount so determined (the Party determining the lower amount being “Y”) and (II) any Unpaid Amounts owing to X less (B) any Unpaid Amounts owing to Y. If the resultant amount is a positive number, Y shall pay it to X; if it is a negative number, X shall pay the absolute value of such amount to Y. If three (3) mid- market quotations cannot be obtained, all quotations will be deemed to be zero.