Examples of Additional Tier 1 Capital Instruments in a sentence
Details of the Additional Tier 1 Capital Instruments are outlined below.
Any redemption of Perpetual Capital Securities intended to qualify as Additional Tier 1 Capital Instruments by the Issuer is subject to the Issuer obtaining the prior written approval of the Monetary Authority.
If a bank does not meet its Pillar 2 guidance, the mandatory restrictions on discretionary payments (including payments on its CET1 and Additional Tier 1 Capital Instruments such as the Securities and certain variable remuneration (such as bonuses) or discretionary pension benefits) based on its MDA will not automatically apply.
The Terms and Conditions of the Securities do not limit the amount of liabilities ranking senior or pari passu in priority of payment to the Securities which may be incurred or assumed by the Issuer from time to time, whether before or after the issue date of the Securities nor do they restrict the Issuer in issuing Additional Tier 1 Capital Instruments with other write-down mechanisms or trigger levels or that convert into shares upon a trigger event.
Table 3.1 outlines the application of the grandfathering provisions in respect of the Additional Tier 1 Capital Instruments of the Group and the Bank.