Bid Spread definition

Bid Spread means, in respect of each proposed Replacement Reference Entity, a bid quotation (expressed as a percentage per annum) for the Swap Counterparty to act as protection buyer in respect of a credit default swap referencing such proposed Replacement Reference Entity based on the Standard Terms (the scheduled termination date under such Standard Terms being the same as the Scheduled Termination Date under the Relevant Credit Default Swap), for which the Floating Rate Payer Calculation Amount is equal to the relevant Delta Amount for such proposed Replacement Reference Entity.

Bid Spread means, in respect of a Replacement Entity and a Replacement, the bid price specified by the Structured Credit Desk of Swap Counterparty in its sole discretion on the Replacement Compliance Date in respect of such Replacement Entity and Replacement.

Bid Spread means in respect of an Original Reference Entity or a Merger Replacement Reference Entity, a bid side quotation (expressed as a percentage per annum) determined by the Calculation Agent in a commercially reasonable manner, as the price it would quote to act as protection buyer in respect of a credit default swap based on the Standard Terms set out for the relevant Reference Entity Category in the relevant Annex.

Examples of Bid Spread in a sentence

• The Notional Guaranteed Account keeps track of this guaranteed amount, which is subject to a deduction of the applicable Bid Spread levied at the Scheme level and any withdrawal fee, which may be imposed in respect of non-regular voluntary contributions at withdrawal.Assets in the Guaranteed Fund are invested in the underlying APIF Policy and such investment is subject to the Offer Spread applicable to the underlying APIF Policy.

• Alternative Bid Spread means a percentage per annum equal to the Alternative Quotation obtained from an Eligible Dealer pursuant to Clause 7.3 for the Eligible Dealer to act as protection buyer.

• Although the Sponsor has the power to levy a Bid Spread of up to 2% of the NAV of each Unit realised, the Sponsor does not presently intend to levy such Bid Spread.

• For example, it is more likely the benefits from exclusion outweigh the direct cost when (Bid Spread) is small.User Department, indicators for the type of contract (e.g., commodities, con- struction, consulting, etc.), and indicators for the number of participating firms.

• The Articles of Incorporation do not provide the power for the Board of Directors or the Fund to waive the Bid Spread for any Shares redeemed.All Shareholders will be treated equitably whether they redeem in the two month window; whether they redeem outside the two month window; or whether they remain a Shareholder of APF.

More Definitions of Bid Spread

Bid Spread means, in respect of an actual or a proposed Substitute Reference Entity: (a) where the Portfolio Manager has specified an Alternative Quotation in respect of such Substitute Reference Entity in the relevant Substitution Notice, the relevant Alternative Quotation and (b) otherwise, the Counterparty Bid Spread.

Bid Spread means the fee charged by the Approved Trustee upon redemption of units of a constituent fund by a Member. Bid spread does not apply to the BCOM MPF Conservative Fund. Bid spread for a transfer of benefits, withdrawal of benefits in a lump sum, or the first four withdrawals of benefits by instalments in a year can only include necessary transaction costs incurred or reasonably likely to be incurred in selling or purchasing investments in order to give effect to the transfer or withdrawal and are payable to a party other than the Approved Trustee.

Bid Spread means the charge (if any) retained for the benefit of the Master Trust referred to in Clause 7.6.

Bid Spread means the bid spread (or an amount equivalent thereto) referred to in Clause 18. Bid Spread at the constituent fund level for a transfer of Accrued Benefits will only include Necessary Transaction Costs;

Bid Spread means, in respect of a Replacement Transaction, the bid price specified by the Structured Credit Desk of Issuer in its sole discretion on the Replacement Compliance Date in respect of such Replacement Transaction.

Bid Spread means, in respect of an actual or a proposed Substitute Reference Entity:

Bid Spread means the spread, as determined for each Dealing Day by the Management Company, taking into account the costs and expenses either estimated and/or identified as relevant by the Management Company in total and/or proportionately in selling Real Estate and other factors deemed appropriate at the Management Company’s discretion, applied to the NAV to obtain the Bid Price. The Bid Spread may include information drawn from market data and other sources as deemed relevant by the Management Company.