Core Business Line definition

Core Business Line means those business lines of a potential Covered Financial Company, including associated operations, services, functions and support, that, in the view of the potential Covered Financial Company, upon failure would result in a material loss of revenue, profit, or franchise value. 12 CFR 381.2(c). “Critical operations” means those operations of a potential Covered Financial Company, including associated services, functions and support, the failure or discontinuance of which, in the view of the potential Covered Financial Company or as jointly directed by the Board of the Federal Reserve and the FDIC, would pose a threat to the financial stability of the United States. 12 CFR 381.2(g).
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Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a material loss of revenue, profit, or franchise value. The Firm has three Core Business Lines: Institutional Securities, Wealth Management and Investment Management.
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Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a
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Examples of Core Business Line in a sentence

  • Material Entities are defined as a subsidiary or foreign office of the Covered Company that is significant to the activities of a Critical Operation or Core Business Line.

  • The U.S. Entities generally have no material operational interconnections with each other, with HNCB, or with the non-banking operations of HNFHC outside the U.S. Further, as defined by the Rule, neither of these U.S. Entities is a Material Entity, as neither conducts a Core Business Line for HNFHC or a Critical Operation.

  • The Insurance Core Business Line is guided by an investment committee, which develops investment guidelines and strategies.

  • Residential Mortgage Banking The Residential Mortgage Banking Core Business Line originates and services residential mortgage loans.

  • Ally's Automotive Finance Core Business Line consists of automotive finance business generated in the United States.

  • Ally's Insurance Core Business Line offers both consumer financial protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers.

  • A significant aspect of Ally's Insurance Core Business Line involves the investment of proceeds from premiums and other revenue sources.

  • As a result, WRB has determined that none of the business lines should be considered a Core Business Line that are conducted in whole or material part in the U.S. and the failure of which would result in a material loss of revenue, profit or franchise value to WRB.

  • IMThe Firm’s IM Core Business Line provides a broad suite of investment management solutions to a diverse client base that includes governments, institutions, corporations, pension plans and individuals worldwide.

  • The U.S. Branches generally have no material operational interconnections with each other, with TCB, or with the non-banking operations of TCFHC outside the U.S. Further, as defined by the Rule, neither of the U.S. Branches is a Material Entity, as neither conducts a Core Business Line for TCFHC or a Critical Operation.


More Definitions of Core Business Line

Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a material loss of revenue, profit or franchise value. The Firm has three Core Business Lines: Institutional Securities, Wealth Management and Investment Management, which are summarized below. For more detailed information on the Firm’s Core Business Lines and Material Entities, see Sections 6 and 7 below.
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Core Business Line means those business lines that the SARB would seek to protect through the implementation of resolution options to ensure the sustainability of the designated institution after the implementation of one or more resolution options.
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Core Business Line means business lines and associated services which represent material sources of revenue, profit or franchise value for an institution or for a group of which an institution forms part;
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Related to Core Business Line

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Active business operations means all business operations that are not inactive business operations.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Qualified business facility means any building, complex of

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Customer channel termination point means the location where the customer either inputs or receives the communications.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Business License means a license issued by the Department to a medical marijuana dispensary, grower, processor, testing laboratory, or transporter.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Business Systems means all Software, computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and computer systems, including any outsourced systems and processes, that are owned or used or held for use in the conduct of the Company Business.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.