Asset-Backed Securities. ABS investments should generally be rated AA or AAA by one of the major rating agencies. No more than 15% of ABS holdings can be rated below AA. All ABS's must have an investment grade rating.
Asset-Backed Securities. Asset-backed securities denominated in Dollars rated at least (i) AAA by S&P, (ii) Aaa by Xxxxx’x or (iii) AAA by Fitch; provided that (x) such 85% securities are backed by credit card receivables, automobile loans, senior secured term loans in the case of collateralized loan obligations managed by a recognized US-domiciled CLO Manager (“Corporate Loans”), commercial mortgages or utility charges (as in rate reduction bonds) and have a weighted average life from the date of determination of 10 years or less and (y) asset-backed securities will not constitute Eligible Securities if they are certificated securities that cannot be paid or delivered by book entry (and all asset-backed securities issued by an issuer incorporated in the United States of America must be capable of settlement through DTC).
Asset-Backed Securities are debt securities that entitle the holders thereof to receive payments that depend primarily on the cash flow from (i) a specified pool of financial assets, either static or revolving, that by their terms convert into cash within a finite time period, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of such securities (including, for the avoidance of doubt, leases) or (ii) real estate mortgages, either fixed or revolving, together with rights or other assets designed to assure the servicing or timely distribution of proceeds to the holders of such securities.
Asset-Backed Securities. Asset-backed securities denominated in Dollars rated at least (i) AAA by S&P and (ii) Aaa by Xxxxx’x, provided that (x) such securities are backed by credit card receivables, automobile loans, commercial mortgages or utility charges (as in Rate Reduction Bonds) and have a weighted average life from the date of determination of 10 years or less and (y) asset-backed securities will not constitute Eligible Securities if they are certificated securities that cannot be paid or delivered by book entry (and all asset-backed securities issued by an issuer incorporated in the United States of America must be capable of settlement through DTC). 85% Supranational Securities Securities issued or backed by the International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter American Development Bank, International Monetary Fund, European Investment Bank, Asian Development Bank, African Development Bank and Nordic Development Bank as long as the credit ratings are at or above AAA by S&P and Aaa by Xxxxx’x. With maturities of (x) two years or less from the date of determination, 95%, (y) more than two years to ten years from the date of determination, 90% and (z) more than ten years from the date of determination, 80% OECD Government Securities Securities issued or backed by the Government of any member of the Organization for Economic Cooperation and Development which has the credit ratings of at least AA- by S&P and Aa3 by Xxxxx’x. With maturities of (x) two years or less from the date of determination, 95%, (y) more than two years to ten years from the date of determination, 90% and (z) more than ten years from the date of determination, 80% Cash and Eligible Securities: Advance Rate: Other Securities: All other cash, investments, obligations or securities 0% Notwithstanding the foregoing, (A) the value of Eligible Securities at any time shall be determined based on the Borrowing Base Certificate then most recently delivered, (B) if any single corporate issuer (or any Affiliate thereof) represents more than 10% of the aggregate market value of all Cash and Eligible Securities comprising the aggregate amount of all Borrowing Bases, the excess over 10% shall be excluded (with such exclusion being allocated in equal parts to each Borrowing Base at such time), (C) the weighted average rating of all Agency Securities (as described above) constituting Eligible Securities shall at all times be at least (x) AA+ from S&P and (y) Aa1 fr...
Asset-Backed Securities. All fixed income securities whose source of ----------------------- repayment is an asset, such as an installment contract or a revolving loan, and have some form of credit enhancement, such as overcollateralization, letter of credit, third party guaranty, or senior/subordinated structure.
Asset-Backed Securities. The Notes are “asset backed securities” within the meaning of, and satisfy the requirements for the use of, Form S-3 under the 0000 Xxx.
Asset-Backed Securities. Total investments in asset-backed securities will not exceed 25% of the total investment in the Managed Portfolio.
Asset-Backed Securities. The Company may invest in asset-backed securities designated as either a "1" or "2" by the NAIC at the time of purchase. Such investments shall not exceed, in aggregate, 20% of the admitted assets of the Company. In addition, the Company shall not make investments of greater than 2% of admitted assets in any one asset-backed security.
Asset-Backed Securities. Asset-backed securities denominated in Dollars rated at least (i) AAA by S&P, (ii) Aaa by Xxxxx’x or AAA by Fitch; provided that (x) such securities are backed by credit card receivables, automobile loans, commercial mortgages or utility charges (as in rate reduction bonds) and have a weighted average life from the date of determination of 10 years or less and (y) asset-backed securities will not constitute Eligible Collateral if they are certificated securities that cannot be paid or delivered by book entry (and all asset-backed securities issued by an issuer incorporated in the United States of America must be capable of settlement through DTC). 85% Other Securities: All other cash, investments, obligations or securities. 0% Schedule 1.04
Asset-Backed Securities. 1 7. Assets ..................................... 2 8. Associate .................................. 2 9. Assignee ................................... 2 10.
