For the purpose of calculating counterparty risk requirements under the RBC Notice:
(a) "margin deficiency" referred to in the RBC Notice is the amount required for the Customer Asset Value to meet the Variation Margin and Maintenance Margin, and in the case where Customer Asset Value is not sufficient to meet Variation Margin, the margin deficiency is the amount of Maintenance Margin; and
(b) "negative equity" referred to in the RBC Notice is the amount required for the Customer Asset Value to meet the Variation Margin.
Added on 3 June 20193 June 2019.