Gross Mark-to-Market Positions in One or More Financial Contracts Law and Legal Definition

According to 12 CFR 231.2 [Title 12 -- Banks and Banking; Chapter II -- Federal Reserve System; Subchapter A -- Board of Governors of the Federal Reserve System; Part 231 -- Netting Eligibility for Financial Institutions Regulation EE], gross mark-to-market positions in one or more financial contracts means “the sum of the absolute values of positions in those contracts, adjusted to reflect the market values of those positions in accordance with the methods used by the parties to each contract to value the contract.”