Detachment Point definition

Detachment Point means, in respect of Tranche Notes, the number (expressed as a percentage of the Reference Portfolio Notional Amount) specified in the applicable Pricing Supplement.
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Detachment Point means [[insert amount in per cent.] per cent.] [If appropriate, insert other definition.]
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Detachment Point means, as of the Trade Date, 3.05 per cent. and thereafter, the amount determined in accordance with Special Condition (C)(5).
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Examples of Detachment Point in a sentence

  • Scenario 2 – Attachment Point exceeded but Detachment Point not exceeded.

  • Detachment Point – Level of losses on the underlying assets at which a tranche would be wiped out.

  • This process is repeated in respect of any subsequent Credit Events until the Detachment Point is reached.

  • By way of example, if a market participant desired protection on the most junior tranche, the relevant market participant would buy a Tranched Index CDS referencing the 0% - 15% tranche – i.e. the Attachment Point would be 0% and the Detachment Point would be 15%.

  • An amount equal to the Aggregate Nominal Amount divided by the difference between the Detachment Point and the Attachment Point.

  • Thickness: An amount equal to the Detachment Point minus the Attachment Point.

  • In addition following any Portfolio Modification being effected, Buyer shall as soon as reasonably practicable provide (i) to Moody's only, notice of the relevant the Pre- Trade MM and the relevant Post-Trade MM and (ii) to each Rating Agency, notice of the consequential adjustments to the Junior Tranche Amount, the Threshold Amount, the Detachment Point and the Fixed Rate as referenced under "Portfolio Modification" in Paragraph 1 above.

  • Once the Detachment Point is reached, no further payments are made by the Seller to the Buyer (regardless of how many additional Credit Events occur).

  • Detachment Point means, on any date, the product of the Initial Reference Portfolio Principal Amount and the Detachment Percentage.

  • The revised Attachment Point, Detachment Point or Junior Tranche Notional Amount shall take effect on the Substitution Effective Date.

Related to Detachment Point

  • Attachment point means a point on the network at which network assets are connected to assets owned by another person.

  • Receipt Point means the receipt/inception point(s) where Crude Oil is received into the Gathering System, as such points are specified in Section II of this tariff.

  • connecting point means the point at which the drainage installation joins the connecting sewer;

  • Detached building means a building whose walls and roof are independent of any other building with open spaces on all sides;

  • Surplus Interconnection Service means any unneeded portion of Interconnection Service established in an Interconnection Service Agreement, such that if Surplus Interconnection Service is utilized, the total amount of Interconnection Service at the Point of Interconnection would remain the same. Switching and Tagging Rules:

  • public water means a system of pipes and structures through which water is obtained and distributed to the public, including wells and well structures, intakes, and cribs, pumping stations, treatment plants, reservoirs, storage tanks and appurtenances, collectively or severally, actually used or intended for use for the purpose of furnishing water to the public for household or drinking purposes.

  • semi-detached dwelling means a building divided vertically into two dwelling units each of which has a separate entrance and access to grade;

  • Public water system means a system for the provision of water for human consumption through pipes or other constructed conveyances that has 15 or more service connections or regularly serves at least 25 individuals daily at least 60 days out of the year.

  • Mixing zone means a limited area of a surface water body or aquifer where initial dilution of a discharge takes place and where certain water quality standards may be exceeded.

  • Attachment Facilities means the facilities necessary to physically connect a Customer Facility to the Transmission System or interconnected distribution facilities.

  • Reid vapor pressure means the vapor pressure of crude oil or other volatile petroleum products at 100 degrees Fahrenheit as determined by the latest edition of ASTM D6377 (RVPE): Standard Test Method for Determination of Vapor Pressure of Crude Oil.

  • Public water supply means all mains, pipes and structures through which water is obtained and distributed to the public, including wells and well structures, intakes and cribs, pumping stations, treatment plants, reservoirs, storage tanks and appurtenances, collectively or severally, actually used or intended for use for the purpose of furnishing water for drinking or general domestic use and which serve at least 15 service connections or which regularly serve at least 25 persons at least 60 days per year. A public water supply is either a "community water supply" or a "non-community water supply".