Deposit Factor definition

Deposit Factor means for any Valuation Date, the initial rate applied by LCH.Clearnet (or any successor clearing house) to repos of the relevant security (i.e. the "Duration Class Parameter" or any successor term), expressed as a percentage. If any debt obligation is not clearable through LCH.Clearnet or any successor, the Deposit Factor shall be deemed to be 94%, if the Bond Collateral is rated above the equivalent of BBB+ by S&P, Moody’s or Fitch, and 90% if the Bond Collateral is rated at or below the equivalent of BBB+ by S&P, Moody’s or Fitch.
Sample 1
Deposit Factor means for any Valuation Date, the initial margin rate applied by LCH.Clearnet (or any successor clearing house) to repos of the relevant security (i.e. the "Duration Class Parameter" or any successor term), expressed as a percentage. If any debt obligation is not clearable through LCH.Clearnet or any successor, the Deposit Factor shall be deemed to be 94% if the Bond Collateral is rated above the equivalent of BBB+ by S&P, Moody's or Fitch, and 90% if the Bond Collateral is rated at or below the equivalent of BBB+ by S&P, Moody's or Fitch. (ii) Early Termination. The heading for paragraph 6 shall be deleted and replaced with "Early Termination" and the following shall be added: A. after the word "Default" in the first line, "or a Termination Event in relation to all (but not less than all) Transactions"; B. after the words "Defaulting Party", in the fourth line, "or the Affected Party as the case may be"; and
Sample 1Sample 2
Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 69 per cent. if the Bond Collateral is rated at or above the equivalent of BBB+ by S&P or Fitch or Baa1 by Xxxxx’x, and 65 per cent. if the Bond Collateral is rated below the equivalent of BBB+ by S&P or Fitch or Baa1 by Xxxxx’x.
Sample 1

Examples of Deposit Factor in a sentence

  • Calculation of Unadjusted Additional MarginFor each Class, long and short “Marginable Positions” – which have been obtained through the above described procedure – are compared and the largest (in absolute value) among them is multiplied by a coefficient (Deposit Factor) specifically established for that Duration Class.

  • Premium + DIA) – (Expense Constant + Insurance Charge)) x Deposit Factor) + (Expense Constant + Insurance Charge)VIII.

  • Unadjusted Additional Margin per Class = Class Deposit Factor × Max (Long Marginable Position; Short Marginable Position) The result is rounded to the nearest integer euro.

  • South Foster Drive Baton Rouge, LA 70806Phone: 225-922-2800Fax: 225-922-1185 www.lctcs.eduLCTCS BOARD OF SUPERVISORS DRAFT MINUTES Wednesday, June 8, 202210:00 a.m. The Louisiana Building Baton Rouge Community College201 Community College Drive, Baton Rouge, Louisiana 70806 Meeting will be broadcast live for public interest.For live streaming, visit this link: https://www.youtube.com/GoLCTCS There is an opportunity for public comment prior to an item being considered on the agenda.

  • The parameters subject to periodical revision are:  Number of Classes;  Cross-Position Offsetting Factor;  Deposit Factor;  Adjustment Factor (at member level);  Duration Class “Borders”;  Priority List;  Increasing Percentage (for fail positions).

  • If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 95 per cent.

  • Deposit Factor" means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the "Duration Class Parameter" of LCH.Clearnet or any successor term.

  • For each Class, long and short “Marginable Positions” – which have been obtained through the above described procedure – are compared and the largest (in absolute value) among them is multiplied by a coefficient (Deposit Factor) specifically established for that Duration Class.Initial Margin per Class = Class Deposit Factor × Max (Long Marginable Position; Short Marginable Position)The result is rounded to the nearest integer euro.

  • The parameters subject to periodical revision are: ⇒ Number of Classes; ⇒ Cross-Position Offsetting Factor; ⇒ Deposit Factor; ⇒ Adjustment Factor (at member level); ⇒ Duration Class “Borders”; ⇒ Priority List; Increasing Percentage (for fail positions).

  • If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, (i) the Deposit Factor shall be 69 per cent.


More Definitions of Deposit Factor

Deposit Factor means, at any time, the initial margin rate as most recently observed by the Calculation Agent to be applied by LCH. Clearnet (or any successor clearing house) to repos of the Underlying Collateral (i.e. the “Duration Class Parameter” or any successor term). If the Underlying Collateral is not clearable through LCH. Clearnet or any successor, the Deposit Factor shall be deemed to be 94%, if the Underlying Collateral is rated above the equivalent of BBB+ by S&P, Moody’s or Fitch, and 90% if the Underlying Collateral is rated at or below the equivalent of BBB+ by S&P, Moody’s or Fitch. The Calculation Agent shall observe the initial margin rate applicable to the Underlying Collateral on a regular basis and, in any case, not less than once a month.
Sample 1
Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 94 per cent. if the Bond Collateral is rated above the equivalent of BBB+ by S&P and Fitch and Baa1 by Xxxxx’x, and 90 per cent. if the Bond Collateral is rated at or below the equivalent of BBB+ by S&P or Fitch or Baa1 by Xxxxx’x, provided however, that if the Bond Collateral receives different ratings from the rating agencies mentioned above, the rating considered for the purposes of calculating the Deposit Factor will be the lowest rating given.
Sample 1
Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 94 per cent.
Sample 1
Deposit Factor means for any Valuation Date, the initial rate applied by LCH.Clearnet (or any successor clearing house) to repos of the relevant security (i.e. the "Duration Class Parameter" or any successor term), expressed as a percentage.
Sample 1

Related to Deposit Factor

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Note Factor means, with respect to a Payment Date and each Class of Notes, a six-digit decimal, which the Servicer will compute each month, equal to the Note Balance of such Class of Notes as of the end of the related Collection Period divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • NET INVESTMENT FACTOR The net investment factor for each subaccount is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Certificate Factor With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Moody’s Discount Factor means, for purposes of determining the Discounted Value of any Moody’s Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the Moody’s Exposure Period, in accordance with the table set forth below: Exposure Period Aaa* Aa* A* Baa* Other** (V)MIG-1*** SP-1+**** Unrated***** 7 weeks 151% 159% 166% 173% 187% 136% 148% 225% 8 weeks or less but greater than seven weeks. 154 161 168 176 190 137 149 231 9 weeks or less but greater than eight weeks 158 163 170 177 192 138 150 240 * Mxxxx’x rating. ** Municipal Obligations not rated by Moody’s but rated BBB by S&P. *** Municipal Obligations rated MIG-1 or VMIG-1, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. **** Municipal Obligations not rated by Moody’s but rated SP-1+ by S&P, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. ***** Municipal Obligations rated less than Baa3 or not rated by Moody’s and less than BBB or not rated by S&P, not to exceed 10% of Moody’s Eligible Assets. Notwithstanding the foregoing, (i) except as provided in clause (ii) below, the Moody’s Discount Factor for short-term Municipal Obligations will be 115%, so long as such Municipal Obligations are rated at least MIG-1, VMIG-l or P-1 by Moody’s and mature or have a demand feature at par exercisable in 30 days or less, or 125%, as long as such Municipal Obligations are rated at least A-1+/AA or SP-1+/AA by S&P and mature or have a demand feature at par exercisable in 30 days or less, (ii) the Moody’s Discount Factor for residual interest municipal bonds and structured notes shall be the product of (x) the percentage determined by reference to the rating on the security underlying such residual interest municipal bond multiplied by (y) 1.25 (provided that the trust in which such residual interest municipal bond is held may be terminated within five business days), and (iii) except as provided in clause (ii) above, no Moody’s Discount Factor will be applied to cash, Receivables for Municipal Obligations Sold, or futures, options and similar instruments (to the extent such securities are Moody’s Eligible Assets); provided, however, that for purposes of determining the Moody’s Discount Factor applicable to a Municipal Obligation, any Municipal Obligation (excluding any short-term Municipal Obligation) not rated by Moody’s but rated by S&P shall be deemed to have a Mxxxx’x rating which is one full rating category lower than its S&P rating.

  • Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Required Amount shall have the meaning set forth in Section 4.8.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class A( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Class B Monthly Principal shall have the meaning specified in Section 4.03(b).