Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed one to one at their time of original issuance unless the floating rate instrument has only one reset remaining until maturity or (ii) Moody's Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that (a) such Inverse Floaters are rated by Moody's with the Adviser having the capability to collapse (or relink) within seven (7) days as a liquidity enhancement measure, and
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of New Jersey Municipal Bonds and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed one to one at their time of original issuance unless the floating rate instrument has only one reset remaining until maturity.
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds that are S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other
Examples of Inverse Floaters in a sentence
County's Investment Pool - The Pool does not have a general policy to manage interest rate risk, however it is banned from purchasing Inverse Floaters, Range Notes, Interest only strips derived from a pool of mortgages, and any security that could result in zero interest accrual.
For Agency IO, Agency Inverse IO and Agency Inverse Floaters, income is accrued based on the amortized cost and the effective yield.
Mortgage backed derivatives - IO’s; PO’s; Inverse Floaters; Inverse IO’s; Residuals; Cash Flow Floaters (kitchen sink bonds)3.
FMTC may also invest in ARMs, Treasury Bills, Notes, and Bonds, (including Treasury STRIPS), U.S. Agency mortgage-backed securities, excluding IO's and PO's, Inverse Floaters, Super Floaters, residuals, structured notes, futures and options.
Leverage Ratios Lead Plaintiffs in all seven cases allege the Funds failed to disclose the extent to which inverse floaters were leveraged and that such omissions made the Funds’ risk disclosures materially false and misleading.9 Defendants deny any duty to disclose the degree of leverage of Inverse Floaters and contend the Funds’ offering statements were adequate and included all information necessary for investors to “do[] the math” and determine inverse floater leverage ratios for themselves.
More Definitions of Inverse Floaters
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds or Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Michigan Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Michigan Municipal Bonds and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Municipal Bonds and satisfy the issuer and original issue size requirements of
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Pennsylvania Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Pennsylvania Municipal and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New York Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Securities the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer.