Foreign Government Securities means with respect to Subordinated Debt Securities of any series that are denominated in a Foreign Currency, non-callable (i) direct obligations of the participating member state or government that issued such Foreign Currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such participating member state or government, the payment of which obligations is unconditionally guaranteed as a full faith and credit obligation of such participating member state or government. For the avoidance of doubt, for all purposes hereof, euro shall be deemed to have been issued by each participating member state from time to time.
Foreign Government Securities means, with respect to Securities and Coupons, if any, of any series that are denominated in a Foreign Currency, securities that are (1) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under Clause (1) or Clause (2), are not callable or redeemable at the option of the issuer thereof.
Foreign Government Securities means, with respect to Securities of any series that are denominated in a Foreign Currency, noncallable (i) direct obligations of the government that issued such Foreign Currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government, the payment of which obligations is unconditionally guaranteed as a full faith and credit obligation of such government.
Examples of Foreign Government Securities in a sentence
The correct, safe and appropriate storage of medicines is the focus of Chapter 11 of this regulation.
Therefore, it is necessary for the Secured Party to have continuous possession of the Foreign Government Securities to perfect the pledge over them.
The creation and perfection of a security interest over Foreign Government Securities which is Japanese Collateral, namely Foreign Government Securities that are in bearer form and located in Japan will be treated in the same way as Corporate Debt Securities or JGBs in bearer form.
Therefore, it is necessary for the Secured Party to have continuous possession of the Foreign Government Securities to perfect the pledge over them.(iv) Cash Collateral:As mentioned in our response to question 2 above, under the laws of Japan, a pledge over cash in a bank account is characterized as a pledge over a claim for the return of the deposited cash, and the general rule applicable to a claim, as described above, applies to cash Collateral.
The Group’s AfS portfolio as at 31 December 2010 mainly consisted of Foreign Government Securities (13.8 per cent.), Malaysian Government Investment Issues (13.1 per cent.) and unquoted securities (39.5 per cent.).
More Definitions of Foreign Government Securities
Foreign Government Securities means with respect to Dated Subordinated Debt Securities and Coupons, if any, of any series that are denominated in a Foreign Currency, non-callable (i) direct obligations of the government that issued such Foreign Currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government, the payment of which obligations is unconditionally guaranteed as a full faith and credit obligation of such government.
Foreign Government Securities means, with respect to Securities and Coupons, if any, of any series that are denominated in a Foreign Currency, securities that are (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clause (i) or (ii), are not callable or redeemable at the option of the issuer thereof.
Foreign Government Securities has the meaning specified in Section 5.5.
Foreign Government Securities has the meaning specified in Section 505.
Foreign Government Securities as used in Section 403 means, with respect to Securities and Coupons, if any, of any series that are denominated in a Foreign Currency, securities that are (i) direct obligations of the government that issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government (the timely payment of which is unconditionally guaranteed as a full faith and credit obligation of such government) which, in either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof and will also include a depository receipt issued by a bank or trust company as custodian with respect to any such Foreign Government Obligation or a specified payment of interest on or principal of any such Foreign Government Obligation held by such custodian for the account of the holder of a depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Foreign Government Obligations or the specific payment of interest on or principal of the Foreign Government Obligation evidenced by such depository receipt.
Foreign Government Securities means, with respect to Securities of any series that are denominated in a currency other than Dollars, securities that are (i) direct obligations of the government that issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government (the timely payment of which is unconditionally guaranteed as a full faith and credit obligation of such government) which, in either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof.
Foreign Government Securities has the meaning specified in Section 5.05.