Discount Factors definition

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, 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). 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 MuniPreferred 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 Fund, as described in the definition of Moody’s Discount Factor herein.

  • For purposes of determining in clause (b) of the preceding sentence whether the Discounted Value of Moody's Eligible Assets at least equals the VRDP 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 Fund, 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.

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

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

  • The Moody's Discount Factors presented in the immediately preceding table will also apply to corporate debt securities that do not pay interest in U.S. dollars or euros, provided that the Moody's Discount Factor determined from the table shall be multiplied by a factor of 120% for purposes of calculating the Discounted Value of such securities.

  • 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.

  • For purposes of determining in clause (b) of the preceding sentence whether the Discounted Value of Moody's Eligible Assets at least equals the MuniPreferred 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 Fund, 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 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 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.


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 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.
Sample 1
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
Sample 1
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.
Sample 1

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 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.

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

  • Discount Fraction With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.

  • 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.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • 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 Percentage shall have the meaning specified in Section 2.11.

  • Averaging Dates means, in respect of each Valuation Date, each of the dates specified as such in the applicable Final Terms, if any, or if any such date is not a Scheduled Trading Day, the next following Scheduled Trading Day, in each case subject to Condition 6(l) as set out below.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-3) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

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

  • Fixed Day Count Fraction means, in respect of the calculation of an amount of interest in accordance with this Condition 4(a):

  • S&P Volatility Factor means 277% or such other potential dividend rate increase factor as S&P advises the Corporation in writing is applicable.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI Pricing applies on any day.

  • Daily Price means, for any relevant day, the closing price on that day (or if there is no closing price the last bid price) as reported by the principal exchange or quotation system on which prices for the Common Stock are reported. On the redemption date the holders of record of redeemed Warrants shall be entitled to payment of the Redemption Price upon surrender of such redeemed Warrants to the Company at its principal office.

  • Discounted Value means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal.

  • Day Count Fraction means, in respect of the calculation of an amount of interest in accordance with this Condition 3(a):

  • Stress Factor means 2.25.

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.