Deposit Factor definition

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 (A) 94 per cent. if the Bond Collateral is rated above the equivalent of BBB+ by S&P, Moody’s or Fitch or (B) 90 per cent. 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 wordsDefaulting Party”, in the fourth line, “or the Affected Party as the case may be”; andC. immediately before the end of paragraph 6, “For purposes of this Paragraph 6, the Value of the Credit Support Balance shall be determined on the basis that the Valuation Percentage applicable to each item of Eligible Credit Support is 100%.”
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.
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.

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.

  • 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 94 per cent.

  • 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).

  • Annex 1 - Classification and Deposit Factor - Example G O V E R N M E N T B O N D S C O R P O R A T E B O N D S Annex 2 - Priority and Intra / Inter Class offset - Example G O V E R N M E N T B O N D S Class C O R P O R A T E B O N D S Annex 3 - Duration Calculationa) Zero Coupon Bonds The duration is, by definition, equal to the maturity of the bond.

  • 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.

  • As the CC’s Guidance notes, the CC will seek to understand the reasons for any observed trends in profitability.15 This is not an analysis featured in the PWP.

  • Calculation of non Adjusted Initial 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.


More Definitions of Deposit Factor

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.
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.
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.
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.

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 the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, 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 the Notes or such Class of Notes, as applicable.

  • 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 Sub-Account is determined by dividing A by B and subtracting C where: A is (i) the net asset value per share of the Investment Options or Portfolios of an Investment Option held by the Sub-Account for the current Valuation Period; plus

  • 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.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P 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 S&P Exposure Period, in accordance with the table set forth 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 the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • 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 C( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class C( - ) Adverse Event, the Nominal Liquidation Amount of the Class C( - ) Notes, and (iii) in all other circumstances, zero.

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

  • 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 means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • 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.

  • Other Rating Agency Discount Factor means the discount factors set forth in the Other Rating Agency Guidelines of each Other Rating Agency for use in calculating the Agency Discounted Value of the Company’s assets in connection with the Other Rating Agency’s rating of the MRP Shares.

  • 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 C( - ) 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 $1,030,941.16.

  • 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(2024-1) 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 Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.