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Cat Bonds definition

Cat Bonds means catastrophe bonds.

Examples of Cat Bonds in a sentence

  • The functional and presentation currency for AXA IM Maturity 2022 Fund, AXA IM WAVe Cat Bonds Fund, AXA IM US High Yield FMP 2022, AXA IM WAVe Framlington Biotech Fund is US Dollar and the functional currency of AXA IM Maturity 2023 Fund, AXA IM Sunshine 2023/1, AXA IM Sunshine 2023/2, AXA IM Multi Asset Target 2026, Delegio Privilege Ambitious Fund, Delegio Privilege Balanced Fund, Delegio Privilege Cautious Fund and Delegio Privilege Entrepreneurial Fund is Euro.

  • The following table summarises the Funds’ distributions declared during the financial period ended 30 June 2020 : Currency30 June 202030 June 2019AXA IM Maturity 2022 FundUSD6,593,4084,505,492AXA IM WAVe Cat Bonds FundUSD372,172760,026AXA IM Maturity 2023 FundEUR1,433,6231,495,199AXA IM US High Yield FMP 2022USD1,038,2222,123,390 There were no distributions payable as at 30 June 2020 (31 December 2019: Nil).

  • Cat Bonds also called Insurance-Linked Securities ("ILS") are valued by quotes provided by brokers specialised in this type of securities.The best bid price is used as a reference for valuation unless it is more than 2% higher than the second best bid which then becomes the best bid.The Funds classify the Cat bonds as Level 2, except if no brokers’ quotes are available.

  • Catastrophe (Cat) Bonds are treated as alternative investments and not asassets susceptible to credit spread changes.R5.

  • Marktschadenindizes sind als Grundlage eines Cat Bonds oder anderer Formen der Risikoverbriefung aus Sicht eines Versicherers offenbar dann geeignet, wenn das individuelle Portefeuille in seiner Struktur die Gesamtheit aller auf dem Markt versicherten Risiken nachbildet.

  • Litzenberger, Beaglehole and Reynolds [7] have found that Cat Bonds returns are weakly correlated with those of the other financial assets.

  • In addition, Carayannopoulos and Perez [12] have used the multivariate GARCH approach to analysis the behavior of the relationship between Cat Bonds and other financial markets (corporate bonds, government bonds and stocks) over the same three periods and they have found the same results.

  • Credit + 20% MLM Global EV Index (15% Vol) + 46.5% (90 Day Treasury Bills + 2.64%/year)+3.5% Swiss Re Global Cat Bonds (hedged) The DS class portfolio is expected to match or outperform the above benchmark, net of fees, over a full market cycle.

  • In other words, we test the cointegration between Cat Bonds market and the other financial markets.

  • Only with effective risk-management capabilities and capital market expertise (e.g. the ability to transfer risk to the capital markets via Cat Bonds) can insurance firms ensure that they are able to cover the risks they are underwriting, and thus take advantage of this opportunity.

Related to Cat Bonds

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Bank Bonds shall have the meaning ascribed thereto in Section 4.06(b)(i) hereof.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by

  • School Bonds means School Obligations issued as Bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Existing Bonds means the following obligations of Seller:

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Stocks and bonds means stocks, bonds, mutual funds, and all other types of securities and financial instruments, whether held directly, indirectly, or in any other manner. The term does not include commodity futures contracts and call or put options on stocks or stock indexes.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • Series A Bonds means the Series A Senior Secured Nuclear Asset-Recovery Bonds issued by the Issuer on June 22, 2016.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • Refunded Bonds means the portion of the $35,000 of the Series E Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.