Internal Capital Model definition

Internal Capital Model has the meaning set forth in Section 9.1(b).
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Examples of Internal Capital Model in a sentence

  • The Syndicate uses an Internal Capital Model for setting economic capital along with a number of other uses.

  • Not applicable – The Company does not have an Approved Internal Capital Model used to derive the ECR.

  • Under the so-called 30% provision, expatriates with certain skills can receive 30% of their income as a tax free allowance.

  • The Solvency II Pillar I capital requirements at 31 December 2020 have been calculated using the Company’s Internal Capital Model.

  • SCHEDULE OF LONG-TERM VARIABLE ANNUITY – INTERNAL CAPITAL MODEL (SCHEDULE VIIIA) Background C13.1 The schedule of Long-Term Variable Annuity - Internal Capital Model — Schedule VIIIA — is intended to capture the internal model-based capital requirements for variable annuities.

  • Where the non-compliance has not been resolved, a description of the amount of the non- compliance at the end of the reporting periodcApproved Internal Capital Model Used to Derive the ECR:i.

  • The Solvency II Pillar I capital requirements at 31 December 2022 have been calculated using the Company’s Internal Capital Model.

  • Approved Internal Capital Model 36SECTION VI – SUBSEQUENT EVENT 37Executive Summary This Financial Condition Report (“FCR”) is prepared in accordance with the Insurance (Public Disclosure) Rules 2015.

  • The purpose of the risk adjustment for non-financial risk is to measure the effect of uncertainty in the cashflows that arise from reinsurance contracts, other than uncertainty arising from financial risk.Risk adjustment considers the risk appetite of the Company and applies the Cost of Capital Approach based on the Company’s Internal Capital Model as base Capital Requirement to arrive at the required Risk Adjustment.

  • The purpose of the risk adjustment for non-financial risk is to measure theeffect of uncertainty in the cash flow that arise from reinsurance contracts, other than uncertainty arising from financial risk.Risk adjustment considers the risk appetite of the Company and applies the Cost of Capital Approach based on the Company’s Internal Capital Model as base Capital Requirement to arrive at the required RiskAdjustment.

Related to Internal Capital Model

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Internal Costs means as defined in paragraph 1.1 of Schedule 4 (Heads of Expenditure) (and shall, for the avoidance of doubt, not include any revenue costs or capital investment relating to the implementation of any project pursuant to an Annual Business Plan) and excluding Joint Committee Costs

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Independent Financial Consultant means a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field, appointed and paid by the District, who, or each of whom:

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);

  • Sustainability Structuring Agent means PNC Capital Markets LLC.

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Evaluation Committee Report means a report prepared by the Procurement Manager and the Evaluation Committee for contract award. It will contain written determinations resulting from the procurement.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Regulatory Capital Event means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series A Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series A Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series A Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series A Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series A Preferred Stock is outstanding.

  • R2000 Strategy means an initiative by the Government of Kenya to improve the maintenance of the country’s Road Network by giving priority to maintenance through network approach, using appropriate technology, labour-based methods, local resources and increased usage of small-scale entrepreneurs.

  • External Manager means either of the following: (1) A person who is seeking to be, or is, retained by a board or an investment vehicle to manage a portfolio of securities or other assets for compensation, or (2) A person who manages an investment fund and who offers or sells, or has offered or sold, an ownership interest in the investment fund to a board or an investment vehicle.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Regulatory Capital means the capital requirement specified in Article 11;

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • internal waters means any navigable river or waterway within the State of California.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • Independent Financial Advisor means an accounting, appraisal, investment banking firm or consultant of nationally recognized standing that is, in the good faith judgment of the Borrower, qualified to perform the task for which it has been engaged and that is independent of the Borrower and its Affiliates.