Financial Statement Credit definition

Financial Statement Credit. The Reinsurer shall take all steps necessary for the Reinsured to obtain full financial statement credit according to the statutory requirements of the Commonwealth of Pennsylvania, the State of New York, and any other jurisdiction in which the failure of Reinsured to obtain such full financial statement credit would have a material adverse impact on the Reinsured.

Financial Statement Credit means credit for reinsurance permitted by OSFI on the Ceding Company’s financial statements and MCCSR calculations filed with OSFI with respect to the Reinsured Policies as though licensed reinsurance was provided.

Examples of Financial Statement Credit in a sentence

• This documentation should include (1) the specific terms of the settlement, (2) the basis for the decision with supporting documentation (Financial Statement, Credit Report, etc.), and (3) the signature of the official who made the final decision.

• The due date for payment of the forward contract already committed has outstanding period of not greater than 6 months in both periods with the following details :-(Unit : million)Consolidated financial statementSeparate Financial Statement Credit RiskThe Company and its subsidiary companies have risk on credit regarding trade accounts receivable,farmer accounts receivable, loans due from farmers, loans due from related persons and related companies and other accounts receivable.

• Buyer agrees to furnish all information (Financial Statement, Credit References and Resume) requested by the Landlord within five (5) days after effective date of this contract and Buyer agrees to be interviewed by the Landlord, if required, to obtain the Landlord's written consent to the transfer.

• Table 1.a. Bank Capital Structure Quantitative Disclosures (in million rupiah) 54Annual Report 2018PT Bank China Construction Bank Indonesia Tbk 05 Corporate Information 06 Financial Statement Credit Risk ManagementCredit risk derived from lending activities, placement on securities on other banks, sales to customers and trading activities.

• Annual Report 2022/23 Notes to the Financial Statement Credit Risk ManagementThe Board of Directors of the Company has delegated responsibility for the oversight of credit risk to its Board Credit Committee.