Examples of Bank Subsidiaries in a sentence
The U.S. Liquidity Coverage Ratio rule (“LCR rule”) requires certain U.S. banking organizations (“Covered Companies”), including the Firm and its U.S. Bank Subsidiaries, to maintain on each business day an amount of high-quality liquid assets (“HQLA”) that are unencumbered and controlled by the Covered Company’s liquidity management function (“eligible HQLA”) sufficient to meet their total stressed net cash outflows over a prospective 30 calendar-day period, as calculated in accordance with the LCR rule.
The LCR rule requires certain Covered Companies, including Morgan Stanley (but not the U.S. Bank Subsidiaries), to make quantitative and qualitative disclosures related to their LCR calculations and liquidity management practices on a quarterly basis (“LCR Disclosures”).
The Bank Subsidiaries have met all conditions of such insurance, including timely payment of the premiums.
The Borrower shall at all times ensure that all Bank Subsidiaries shall be “well capitalized” within the meaning of 12 U.S.C. §1831(o), as amended, reenacted or redesignated from time to time.
The Firm and its U.S. Bank Subsidiaries became subject to U.S. Basel III beginning on January 1, 2014.