Direct Credit Substitutes definition

Direct Credit Substitutes has the meaning contemplated within the Capital Adequacy Guidelines;

Direct Credit Substitutes has the meaning contemplated within the guidelines, rules or regulations of the Board of Governors of the Federal Reserve System or the Comptroller of the Currency of the United States, as amended from time to time.

Direct Credit Substitutes has the meaning contemplated within the Guidelines published March 1993 by the Office of the Superintendent of Financial Institutions Canada on Capital Adequacy Requirements, as same may be amended or replaced from time to time.

Examples of Direct Credit Substitutes in a sentence

• Treatment of Direct Credit Substitutes The agencies are proposing to extend the current risk-based capital treatment of asset transfers with recourse, including the low-level recourse rule, to direct credit substitutes.

• A letter from the Senior Paralegal, Department of the Treasury, transmitting the Department’s final rule—Risk-Based Capital Guidelines; Capital Adequacy Guide- lines; Capital Maintenance: Capital Treat- ment of Recourse, Direct Credit Substitutes and Residual Interests in Asset Securitizations [Docket No. 2001–68] (RIN: 1550–AB11) received December 17, 2001, pursu- ant to 5 U.S.C. 801(a)(1)(A); to the Committee on Financial Services.

• A communication from the Assist- ant to the Federal Reserve Board, transmit- ting, pursuant to law, the report of a rule en- titled ‘‘Regulations H and Y—Risk-Based Capital Guidelines; Capital Adequacy Guide- lines; Capital Treatment of Recourse, Direct Credit Substitutes and Residual Interests in Asset Securitizations’’ (Doc.

• Zamorski, “Final Rule to Amend the Regulatory Capital Treatment of Recourse Arrangements, Direct Credit Substitutes, Residual Interests in Asset Securitizations, and Asset-Backed and Mortgage-Backed Securities,” November 29, 2001, http://www.fdic.gov/ news/news/financial/2001/fil0199.html/.

• The selective application of internal risk models in this area could fill an important void in the current RBC framework for those instruments that, by virtue of their being at the forefront of financial innovation, are the most difficult to address effectively through existing prudential techniques.One particular application is suggested by the November, 1997, Notice of Proposed Rulemaking on Recourse and Direct Credit Substitutes (NPR) put forth by the U.S. banking agencies.

• It is calculated automatically as item 1.1.6 less the sum of items 1.1.1 to 1.1.5.1. Total Direct Credit Substitutes This is the total of direct credit substitutes provided by the life company.

• OTS finalized this revision in the final interagency rule on Recourse, Direct Credit Substitutes and Residual Interests in Asset Securitizations.

• Recourse, Direct Credit Substitutes, Resid- ual Interests and Mortgage- and Asset-Backed Securities.

• Guarantees, Irrevocable liabilities, Direct Credit Substitutes, Bill Acceptances and other off balance sheet exposures for which the institution carries the same risk as a loan which is made and recorded on balance sheet 1.1 Central government................1000...............1.2 Local authorities, multilateral development banks, other banks................10020...............1.3 Other customers................100100...............

• Page 2 of 10 SR 06-7, Dated 3/20/2006, SR 05-21, Dated11/2/2005, SR 05-6, Dated 3/30/2005, SR 04-14/ Amendments to Regulation K to include Bank Secrecy Act compliance program requirement Guidance on the Examination Treatment of Assets Related to the Tobacco Transition Payment Program Risk-Based Capital Treatment for Unrated Direct Credit Substitutes Extended to Asset- Backed Commercial Paper Programs FFIEC Brochure with Oson:aeRutdated announcement about changes to a Board regulation.

More Definitions of Direct Credit Substitutes

Direct Credit Substitutes means Letters which are determined by the Issuing Lender to be “direct credit substitutes” within the meaning of the BIS Guidelines, including, without limitation, standby letters of credit serving as financial guarantees for, or supporting, loans and securities.