Covered positions definition

Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account.6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account. 6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Covered positions exclude all posi- tions in a bank’s trading account that, in form or in substance, act as liquidity facili- ties that provide liquidity support to asset- backed commercial paper. Such excluded po- sitions are subject to the risk-based capital 2 Trading activity means the gross sum of trading assets and liabilities as reported in the bank’s most recent quarterly Consoli- dated Report of Condition and Income (Call Report).3 Total assets means quarter-end total as- sets as reported in the bank’s most recent Call Report.4 A bank that voluntarily complies with the final rule prior to January 1, 1998, must comply with all of its provisions.5 Subject to FDIC review, a bank may ex- clude structural positions in foreign cur- rencies from its covered positions.6 The term trading account is defined in the instructions to the Call Report. Pt. 325, App. C 12 CFR Ch. III (1–1–11 Edition) requirements set forth in appendix A of this part.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account. 6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Asset backed commercial paper li- quidity facilities, in form or in substance, in a bank’s trading account are excluded from covered positions, and instead, are subject to the risk-based capital requirements as pro- vided in appendix A of this part.

Examples of Covered positions in a sentence

  • Covered positions generally should not be risk weighted as part of the bank's credit risk-weighted assets.

  • Covered positions include all positions in a bank's trading account and foreign exchange and commodity positions, whether or not in the trading account.

  • Covered positions include all positions in a bank's trading account, and all foreign exchange and commodity positions whether or not in the trading account.

  • Covered positions exclude all positions in the trading account that, in form or substance, act as liquidity facilities that provide liquidity support to asset- backed commercial paper.

  • The Exempt List is a list of all City positions that are exempted from the requirements governing Covered positions ( Shakman-Exempt).


More Definitions of Covered positions

Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account.6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Covered positions exclude all posi- tions in a bank’s trading account that, in form or in substance, act as liquidity facili- ties that provide liquidity support to asset- backed commercial paper. Such excluded po- sitions are subject to the risk-based capital requirements set forth in appendix A of this part.
Covered positions means Management Trainee (“MGT”), Executive Assistant Manager (“EXA”), Store Manager (“MGR”), Pharmacist (“RPS”), and Pharmacy Manager (“RxM”).
Covered positions means the following hourly-paid positions at the Bank: Customer Sales and Service Representatives (“CSSRs”), Personal Banker 1s (“PB1s”), Personal Banker 2s (“PB2s”), Private/Premier Bankers (“PPBs”), Business Banking Specialists (“BBSs”), and Senior Business Banking Specialists (“SBBSs”).
Covered positions means a County position that requires a CDL and/or the performance of safety-sensitive functions.
Covered positions means a County position that requires safety-sensitive functions in the transportation industry, holding a commercial driver’s license as required by the County for their work.
Covered positions means all current and former hourly paid and non-exempt employees of Defendant employed at any time from October 28, 2016 through the signing of this Agreement.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether