Glossary Term: Default Funding Share

In relation to every month in a default BSC Year (irrespective of the month in which any Defaulting Party failed or first failed to make payment), the “Default Funding Share” (FSDpm) of each Trading Party which was not a Defaulting Party in that year is its General Funding Share determined on a default basis in relation to all defaulting parties. Has the meaning given to that term in Section D1.3.1(b).

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