FSB TLAC Term Sheet definition

FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) term sheet set forth in the document dated 9 November 2015 published by the Financial Stability Board, entitled “Principles on Loss- absorbing and Recapitalization Capacity of G-SIBs in Resolution,” as amended from time to time.
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FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) Term Sheet of November 9, 2015, published by the Financial Stability Board.
Sample 1Sample 2Sample 3
FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) term sheet set forth in the document dated
Sample 1Sample 2Sample 3

Examples of FSB TLAC Term Sheet in a sentence

  • The CRR II and the BRRD II give effect to the FSB TLAC Term Sheet and modify the requirements for MREL eligibility.

  • The Capital Requirements Regulation II and the BRRD II give effect to the FSB TLAC Term Sheet and modify the requirements for MREL eligibility.

  • For the time being, Belfius Bank is not a G-SIB as defined under the FSB TLAC term Sheet and is therefore currently not subject to the FSB TLAC Term Sheet.

  • The exercise of any of these powers may adversely affect the rights of Noteholders and Noteholders may lose all or some of their investment in the Notes.In addition, the Issuer has to meet, at all times, a minimum requirement for own funds and eligible liabilities (MREL), as well as the standard on total loss absorbing capacity (TLAC) which is set forth in a term sheet (the FSB TLAC Term Sheet) published by the financial stability board (FSB).

  • For the time being, Belfius Bank is not a G-SIB as defined under the FSB TLAC Term Sheet and is therefore currently not subject to the FSB TLAC Term Sheet.Any bail-in of eligible liabilities (such as the Notes) will only occur after, or at the same time as, the write-down or conversion of any subordinated debt by the Resolution Authority.

  • The exercise of any of these powers may adversely affect the rights of Noteholders and Noteholders may lose all or some of their investment in the Notes.In addition, the Issuer has to meet, at all times, a minimum requirement for own funds and eligible liabilities (MREL), as well as the standard on total loss absorbing capacity (TLAC), which is set forth in a term sheet (the FSB TLAC Term Sheet) published by the Financial Stability Board (the FSB).

  • The exercise of any of these powers may adversely affect the rights of Noteholders and Noteholders may lose all or some of their investment in the Notes.In addition, the Issuer has to meet, at all times, a minimum requirement for own funds and eligible liabilities (MREL), as well as the standard on total loss absorbing capacity (TLAC), which is set forth in a term sheet (the FSB TLAC Term Sheet) published by the financial stability board (the FSB).

  • The regulatory adjustments for TLAC set out in this section relate to Section 15 of the FSB TLAC Term Sheet.

  • It is important to recognise that scaling should be applied as per Section 18 of the FSB TLAC Term Sheet.

  • If the resolution entity is a holding company within the meaning of section 2 (4) nos 3, 4 or 5 of the SAG and if there is structural subordination within the meaning of point 11 (Priority) of the FSB TLAC Term Sheet, the liabilities shall also include other claims in accordance with section 38 of the InsO, unless they are excluded from the scope of the bail-in tool under Article 27 (3) of the SRMR and section 91 (2) of the SAG.

Related to FSB TLAC Term Sheet

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Term Sheet means any term sheet that satisfies the requirements of Rule 434 under the Act. Any reference herein to the "date" of a Prospectus that includes a Term Sheet shall mean the date of such Term Sheet.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).