Eligible Credit Support. The following items will qualify as “Eligible Credit Support” for Party A: Collateral Type Valuation Percentages in respect of Xxxxx’x Valuation Percentages in respect of Fitch Valuation Percentages in respect of DBRS
(A) Provided Party B will not exceed its Prescribed Cash Limitation and subject to the provision immediately following this Eligible Credit Support chart, cash in the Base Currency 100% 100% 100%
(B) Negotiable debt obligations denominated in USD issued by: the U.S. Treasury Department, (with local and foreign currency issuer ratings equal to or greater than AA- or F1+ by Fitch and Aa3 by Xxxxx’x and AA(low) by DBRS) having a remaining time to maturity of: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type: Highest Covered Bond Rated AA- or higher Highest Covered Bond Rated A+ or below Initial Rating Event Subsequent Rating Event (assuming Covered Bonds are rated AA(low)(sf) or higher by DBRS)
(i) not more than one year; 94% if collateral is fixed rate and in USD, 93% if collateral is floating rate and in USD, otherwise as agreed between Party A and Xxxxx’x 97.5% if collateral is in the Base Currency otherwise 83.9% 98% if collateral is in the Base Currency, otherwise, 88.7% 99.7% if collateral is in the Base Currency, otherwise, as agreed between Party A and DBRS 99.0% if collateral is in the Base Currency, otherwise, as agreed between Party A and DBRS
(ii) more than one year but not more than 2 years; 93% if collateral is in USD, otherwise as agreed between Party A and Xxxxx’x 96% if collateral is in the Base Currency otherwise 82.6% 97% if collateral is in the Base Currency, otherwise, 87.8% 99.0% if collateral is in the Base Currency, otherwise, as agreed between Party A and DBRS 98.0% if collateral is in the Base Currency, otherwise, as agreed between Party A and DBRS Collateral Type Valuation Percentages in respect of Xxxxx’x Valuation Percentages in respect of Fitch Valuation Percentages in respect of DBRS (iii) more than 2 years but not more than 3 years 92% if collateral is fixed rate and in USD, 93% if collateral is floating rate and in USD, otherwise as agreed between Party A and Xxxxx’x 96% if collateral is in the Base Currency otherwise 82.6% 97% if collateral is in the Base Currency, otherwise, 87.8% 9...
Eligible Credit Support. The following Valuation Percentages1 shall apply to Eligible Collateral with respect to Party A; provided, however, that all Eligible Collateral shall be denominated in United States Dollars. Collateral S&P Valuation Percentage Fitch Valuation Percentage Moody’s First Trigger Valuation Percentage Moody’s Second Trigger Valuation Percentage Cash 100% 100% 100% 100% Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of not more than one year 98.5% 97.5% 100% 100% Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of more than one year but not more than ten years 89.9% 86.3% 100% 94% Fixed-rate negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity on such date of more than ten years 83.9% 86.7% 100% 87% Fixed-rate U.S. Agency Debentures having a remaining maturity on such date of not more than one year 98.0% (2) 100% 99% Fixed-rate U.S. Agency Debentures having a remaining maturity on such date of more than one year but not more than ten years 86.9% (3) 100% 93% Fixed-rate U.S. Agency Debentures having a remaining maturity on such date of more than ten years 77.9% (4) 100% 86%
Eligible Credit Support. The following items will qualify as “Eligible Credit Support” for Party A: Collateral Type Valuation Percentages in respect of Xxxxx’x Valuation Percentages in respect of DBRS
(A) Provided Party B will not exceed its Prescribed Cash Limitation and subject to the provision immediately following this Eligible Credit Support chart, cash in the Base Currency 100% 100%
(B) Negotiable Fixed Rate debt obligations denominated in USD issued by: the U.S. Treasury Department, (with local and foreign currency issuer ratings equal to or greater than Aa3 by Xxxxx’x and AA(low) by DBRS) having a remaining time to maturity of: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type: Initial Rating Event Subsequent Rating Event Initial Rating Event Subsequent Rating Event
(i) not more than one year; 98% 95% To be agreed between Party A and DBRS To be agreed between Party A and DBRS
(ii) more than one year but not more than 2 years; 98% 94% To be agreed between Party A and DBRS To be agreed between Party A and DBRS (iii) more than 2 years but not more than 3 years 98% 93% To be agreed between Party A and DBRS To be agreed between Party A and DBRS
Eligible Credit Support. The following items will qualify as “Eligible Credit Support” for Party A: Collateral Type Valuation Percentages in respect of Xxxxx’x Valuation Percentages in respect of Fitch Valuation Percentages in respect of DBRS
(A) Cash in: Collateral Type Valuation Percentages in respect of Xxxxx’x Valuation Percentages in respect of Fitch Valuation Percentages in respect of DBRS
(i) a Base Currency; 100% 100% 100%
(ii) US Dollars. 100% 100% 100%
(B) Negotiable debt obligations denominated in US Dollars issued by the U.S. Treasury Department (with local and foreign currency issuer ratings equal to or greater than AA- by Fitch and Aa3 by Xxxxx’x) having a remaining time to maturity of: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type:
(i) not more than one year; 99% 97.5% 99%
(ii) more than one year but not more than 5 years; To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(iii) more than 5 years but not more than 7 years; To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(iv) more than 7 years but not more than 10 years; To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(v) more than 10 years but less than 20 years; or To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(vi) more than 20 years. To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS C) Treasury bills denominated in CAD issued by the Government of Canada (with local and foreign currency issuer ratings equal to or greater than AA- by Fitch, Aa3 by Xxxxx’x and AA(low) or R-1(mid) by DBRS) having a remaining time to maturity of:
(i) not more than one year; 99% 97.5% 99%
(ii) more than one year but not more than 3 years; To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(iii) more than 3 years but not more than 5 years; To be agreed between Party A and Xxxxx’x To be agreed between Party A and Fitch To be agreed between Party A and DBRS
(iv) more than 5 years but not more than 7 yea...
Eligible Credit Support. The following items will qualify as “Eligible Credit Support” for Party A: Collateral Type Valuation Percentages in respect of Moody’s Valuation Percentages in respect of DBRS
(A) Provided Party B will not exceed its Prescribed Cash Limitation and subject to the provision immediately following this Eligible Credit Support chart, cash in the Base Currency 100% 100%
(B) Negotiable Fixed Rate debt obligations denominated in USD issued by: the U.S. Treasury Department, (with local and foreign currency issuer ratings equal to or greater than Aa3 by Moody’s and AA(low) by DBRS) having a remaining time to maturity of: In relation to residual maturity as set out in the corresponding order under Collateral Type: In relation to residual maturity as set out in the corresponding order under Collateral Type: Initial Rating Event Subsequent Rating Event Initial Rating Event Subsequent Rating Event (assuming CBL46 Covered Bonds are rated AA(sf) or higher by DBRS) (i) not more than one year; 100% 100% 99.7% 99.0%
Eligible Credit Support. On any date:
(A) for the purpose of Fitch the collateral specified in the table in Appendix A will qualify as "Eligible Credit Support" for Party A and the Fitch Valuation Percentages shall apply as set out in such table;
(B) for the purpose of Xxxxx'x the collateral specified in the table in Appendix B will qualify as "Eligible Credit Support" for Party A and the Xxxxx'x Valuation Percentages shall apply as set out in such table; and
(C) for the purpose of S&P the collateral specified in the table in Appendix C will qualify as "Eligible Credit Support" for Party A and S&P Valuation Percentages shall apply as set out in such table.
Eligible Credit Support. The following items will qualify as “Eligible Collateral” for the Party A, with the applicable Valuation Percentage indicated in the following table. When a First Trigger Failure Condition or a Second Trigger Failure Condition exists solely because no Relevant Entity satisfies the S&P or the Fitch components of the First Trigger Required Ratings or the Second Trigger Required Ratings, as applicable, then the Valuation Percentages indicated under the heading “S&P/Fitch Valuations” shall apply. When a First Trigger Failure Condition or a Second Trigger Failure Condition exists solely because no Relevant Entity satisfies the Xxxxx’x component of the First Trigger Required Ratings or the Second Trigger Required Ratings, as applicable, then the appropriate Valuation Percentages indicated under the heading “Xxxxx’x Valuations” shall apply. In all other cases, applicable Valuation Percentage shall be the lower of the applicable Valuation Percentage indicated in under the heading “Xxxxx’x Valuations” and the Valuation Percentage indicated in under the heading “S&P/Fitch Valuations.” Instrument Valuation Percentages applicable when a First Trigger Failure Condition (but not a Second Trigger Failure Condition) exists, where the Valuation Date means Valuation Percentages applicable when a Second Trigger Failure Condition Exists, where the Valuation Date means Valuation Percentages applicable when a First Trigger Failure Condition Exists or a Second Trigger Failure Condition Exists Daily* Weekly** Daily* Weekly** U.S. Dollar Cash 100% 100% 100% 100% 100% Euro Cash 98% 97% 94% 93% 89.8% Sterling Cash 98% 97% 95% 94% 91.9% Fixed-Rate Negotiable U.S. Dollar Denominated Treasury Debt Issued by The U.S. Treasury Department with Remaining Maturity of: <1 Year 100% 100% 100% 100% 98.6% 1 to 2 years 100% 100% 99% 99% 97.3% 2 to 3 years 100% 100% 98% 98% 95.8% 3 to 5 years 100% 100% 97% 97% 93.8% 5 to 7 years 100% 100% 96% 95% 91.1% 7 to 10 years 100% 100% 94% 94% 90.3% 10 to 20 years 100% 100% 90% 89% 86.9% > 20 years 100% 100% 88% 87% 84.6% Floating-Rate Negotiable U.S. Dollar Denominated Treasury Debt Issued by The U.S. Treasury Department All Maturities 100% 100% 99% 99% 0% Fixed-Rate U.S. Dollar Denominated U.S. Agency Debentures with Remaining Maturity: < 1 Year 100% 100% 99% 99% 98% 1 to 2 years 100% 100% 99% 98% 96.8% 2 to 3 years 100% 100% 98% 97% 96.3% 3 to 5 years 100% 100% 96% 96% 92.6% 5 to 7 years 100% 100% 93% 94% 90.3% 7 to 10 years 100% 100% 93% 93% 86.9% 10 t...
Eligible Credit Support. The following items will qualify as "Eligible Credit Support" for Party A: Collateral Type Valuation Percentagesin respect of Xxxxx'x Valuation Percentagesin respect of Fitch
(A) cash in an Eligible Currency 100% 100%
(B) Negotiable debt obligations denominated in an Eligible Currency issued by: the Government of the United Kingdom; the Federal Republic of Germany; the Republic of France; Italy; the
Eligible Credit Support. On any date:
(i) for the purpose of Xxxxx’x the collateral specified in Appendix A will qualify as Eligible Credit Support for Party A and Valuation Percentages shall apply as set out in such table; and
(ii) for the purpose of Fitch the following items will qualify as Eligible Credit Support for Party A and Valuation Percentage shall apply as set out below:
(A) cash in an Eligible Currency 100%.
(B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than one year (with local and foreign currency issuer ratings of AAA by S&P or above). The applicable Advance Rate, if any (the Advance Rate), under the heading “Notes Rating/AAA” in the table entitled “Advance Rates (%)” in Appendix 3 to Fitch’s Structured Finance Report entitled “Counterparty Risk in Structured Finance Transactions: Swap Criteria” dated 13 September 2004 (the Fitch Report).
Eligible Credit Support. On any date, the following items will qualify as "Eligible Credit Support" for each party:
(A) cash in U.S Dollars 100%
(B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) 98.0%
(C) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined
(D) negotiable debt obligations issued after l8 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined
(E) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined
(F) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with a residual maturity on such date equal to or greater than 3 years but less than 5 years. To Be Determined
(G) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined
(H) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 7 years but less th...
