Discount Factors definition

Discount Factors means, subject to Section 4.12, for each type of Eligible Collateral described below, the factor set forth in Schedules A and B opposite such type of Eligible Collateral below:
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Discount Factors means the following Discount Factors which are to be used for purposes of calculating the “Discounted Value” of the assets of the Fund for purposes of determining maintenance of the “Preferred Stock Basic Maintenance Amount” (it being understood that any asset held by the Fund for which no Discount Factor is specified in these Guidelines shall have a Discounted Value of zero). The Discount Factor applied to any Eligible Asset that is not denominated in U.S. dollars shall be the product of (i) the Discount Factor applicable to such asset as set forth below and (ii) the Discount Factor determined by reference to the currency in which such asset is denominated in accordance with the table set forth in paragraph (s) below (it being understood that if the currency in which such asset is denominated is not set forth in such table, the Fund shall contact Moody’s to obtain the applicable Discount Factor).
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Discount Factors means the following Discount Factors which are to be used for purposes of calculating the “Discounted Value” of the assets of the Fund for purposes of determining maintenance of the “Preferred Stock Basic Maintenance Amount” (it being understood that any asset held by the Fund for which no Discount Factor is specified in these Guidelines shall have a Discounted Value of zero). To the extent the Market Value of the securities of any single issuer owned by the Fund exceeds 5% of the aggregate Market Value of all Eligible Assets, the Discount Factor applied to such securities shall be increased by 0.02 for each percentage of such concentration above 5% of the aggregate Market Value of all Eligible Assets.
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Examples of Discount Factors in a sentence

  • For purposes of determining in clause (b) of the preceding sentence whether the Discounted Value of Moody's Eligible Assets at least equals the Municipal Preferred Basic Maintenance Amount, the Moody's Discount Factors applicable to Moody's Eligible Assets shall be determined by reference to the first Exposure Period longer than the Exposure Period then applicable to the Trust, as described in the definition of Moody's Discount Factor herein.

  • The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guaranty, a letter of credit or insurance issued by a third party.

  • The Fitch Discount Factors presented in the immediately preceding table apply to corporate debt securities that are performing and have a Market Value determined by a Pricing Service of an Approved Price.

  • The Fitch Discount Factors presented in the immediately preceding table will also apply to preferred trust certificates, the rating on which will be determined by the underlying debt instruments in the trust, unless such preferred trust certificates are determined by Fitch Ratings to qualify for a traditional equity discount factor, in which case the Fitch Discount Factor shall be 370%.

  • The Fitch Discount Factors presented in the immediately preceding table will also apply to corporate obligations backed by a guarantee, a letter of credit or insurance issued by a third party.

  • The Fitch Discount Factors presented in the immediately preceding table apply to Debt Securities that are Performing and have a Market Value determined by a Pricing Service or an Approved Price.

  • The Fitch Discount Factors presented in the immediately preceding table will also apply to (i) interest rate swaps and caps, whereby the rating of the counterparty to the swap or cap will be the rating used to determine the Fitch Discount Factor in the table; and (ii) TRACERs and TRAINs, whereby the ratings in the table will be applied to the underlying securities and the Market Value of each underlying security will be its proportionate amount of the Market Value of the TRACER or TRAIN.

  • The applicable charges proposed by PROVIDER for the first and second years of the renewal term shall be determined as provided in this Section 2.4 and Exhibit F, but shall reflect Discount Factors of ** and **, respectively, provided, that such charges shall be at least as favorable to CUSTOMER as PROVIDER’s charges for similar services provided to any other CUSTOMER of PROVIDER.

  • For purposes of determining in clause (b) of the preceding sentence whether the Trust has maintained Moody's Municipal Preferred Asset Coverage, the Moody's Discount Factors applicable to Moody's Eligible Assets shall be determined by reference to the first Exposure Period longer than the Exposure Period then applicable to the Trust, as described in the definition of Moody's Discount Factor herein.

  • The Fitch Discount Factors presented in the immediately preceding table will also apply to interest rate swaps and caps, and the rating of the counterparty to the swap or cap will be the rating used to determine the Fitch Discount Factor in the table.


More Definitions of Discount Factors

Discount Factors means, subject to Section 4.12, for each type of Eligible Collateral described below, the factor set forth in Schedules A and B opposite such type of Eligible Collateral below: SCHEDULE A SCHEDULE B Cash Direct obligations of the United States government Maturity of 180 days or less Maturity more than 180 days but less than one year Maturity of one year Maturity more than one year but less than or equal to two years Maturity more than two years but less than or equal to three years Maturity more than three years but less than or equal to four years Maturity more than four years but less than or equal to five years Maturity more than five years but less than or equal to six years Maturity more than six years but less than or equal to seven years Maturity more than seven years but less than or equal to ten years
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Discount Factors means, subject to Section 4.12, for each type of Eligible Collateral described below, the factor set forth in Schedules A and B opposite such type of Eligible Collateral below: Schedule Schedule A B Cash 1.000000 1.000000 Direct obligations of the United States government Maturity of 180 days or less 0.952381 0.965000 Maturity more than 180 days but less than one year 0.952381 0.935000 Maturity of one year 0.934580 0.935000 Maturity more than one year but less than or equal to two years 0.934580 0.900000 Maturity more than two years but less than or equal to three years 0.934580 0.880000 Maturity more than three years but less than or equal to four years 0.934580 0.870000 Maturity more than four years but less than or equal to five years 0.934580 0.860000 Maturity more than five years but less than or equal to six years 0.952381 0.850000 Maturity more than six years but less than or equal to seven years 0.917431 0.840000 Maturity more than seven years but less than or equal to ten years 0.917431 0.835000 Maturity more than ten years but less than or equal to fifteen years 0.892857 0.805000 Maturity more than fifteen years but less than or equal to twenty years 0.869565 0.805000 Maturity more than twenty years but less than or equal to thirty years 0.869565 0.805000 Eligible Fixed-Rate Mortgage Notes 15-Year Eligible Fixed-Rate Mortgage Notes 0.781250 0.780000 30-Year Eligible Fixed-Rate Mortgage Notes 0.769231 0.760000 Eligible Adjustable-Rate Mortgage Notes Conforming 3/1 Eligible Adjustable-Rate Mortgage Notes 0.892857 0.860000 Conforming 5/1 Eligible Adjustable-Rate Mortgage Notes 0.877193 0.830000 Jumbo 1 Year Eligible Adjustable-Rate Mortgage Notes 0.877193 0.890000 Jumbo 3/1 Eligible Adjustable-Rate Mortgage Notes 0.862069 0.860000 Jumbo 5/1 Eligible Adjustable-Rate Mortgage Notes 0.847458 0.830000 Jumbo 7/1 Eligible Adjustable-Rate Mortgage Notes 0.840336 0.810000 Jumbo 10/1 Eligible Adjustable-Rate Mortgage Notes 0.833333 0.800000 GNMA Certificates 0.909091 0.805000 FHLMC Certificates or FNMA Certificates 0.900901 0.805000 If additional types of Eligible Fixed-Rate Mortgage Notes or Eligible Adjustable-Rate Mortgage Notes are pledged under this Indenture, the Discount Factors to be added to Schedule A or Schedule B shall be those provided to the Trustee in writing by Fitch and Moody's.
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Discount Factors means, for purposes of an External Valuation, any discounts deemed appropriate by the evaluator with respect to minority holdings, lack of transferability, lack of marketability, private company, or otherwise.
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Discount Factors and "Market Value" contained in Section 1.01 of the Indenture and found them to be in agreement;
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Related to Discount Factors

  • 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.

  • 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:

  • 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 Senior Securities.

  • Moody's Discount Factor means, for purposes of determining the Discounted Value of any Moody's Eligible Asset, the percentage determined as follows. The Moody's Discount Factor for any Moody's Eligible Asset other than the securities set forth below will be the percentage provided in writing by Moody's.

  • 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.