Lending Norms definition

Lending Norms means an Annex of the Operational Manual, in which the acceptable types of collateral (Cash or Securities) with their values and concentration limits with regard to Permissible Collateral are defined and published in tabular form on the SIX website (SIX > Securities Services> Clearing > Info Center > Existing Members > Lending Norms).
Sample 1
Lending Norms means the tables of lending value according to collateral type and collateral designated as acceptable by x-clear, published on the x-clear website from time to time;
Sample 1
Lending Norms means the tables of lending value according to collateral type and collateral designated as acceptable by X-CLEAR, published on the website of SIX > Exchange & Services > Go to Securities Services > Clearing from time to time;
Sample 1

Examples of Lending Norms in a sentence

  • The value of the Securities and/or currencies provided for the purpose of financing the LME is calculated on the basis of their current market value after applying the applicable Haircut (see Lending Norms published on the X-CLEAR website) and not on the nominal value of the Securities or currencies deposited in the Collateral Accounts.

  • If by the terms of allotment of any share, the whole or any part of the price thereof shall be payable in installments, every such installment shall, when due, be paid to the Company by the then registered holder of the share of the Person entitled thereto.

  • The value of the Securities Funds and/or Currency Funds deposited for the purpose of a Financing Contribution is calculated on the basis of their current market value after applying the applicable Haircut (see Lending Norms published on the x-clear website) and not on the nominal value of the Securities Funds or Currency funds deposited.

  • SIX x-clear only accepts as Margin Deposits the Permissible Collateral which is defined in chapter 5.0 Account structures of this Operational Manual as Margin Deposits and the Lending Norms.

  • For further details see the separate lending norm rules which are described in the "Lending Norms" and can be accessed on the Clearing pages of the SIX Securities Services website atwww.six-securities-services.com > Clearing.

  • The value of the Securities and/or currencies provided for the purpose of financing the LME is calculated on the basis of their current market value after applying the applicable Haircut (see Lending Norms published on the SIX x-clear website) and not on the nominal value of the Securities or currencies deposited in the Collateral Accounts.

  • X-CLEAR only accepts as Margin Deposits the Permissible Collateral which is defined in chapter 5.0 Account structures of this Operational Manual as Margin Deposits and the Lending Norms.

  • For further details see the separate lending norm rules which are described in the "Lending Norms" published at www.six-securities-services.com > Clearing > Download center.

  • When a City employee is appointed by the mayor to a non-City board or committee, that employee is obligated to represent the interests of the City and act with independence of judgment.

  • The value of the Securities and/or currencies (in relation to Cash) deposited by way of Default Fund Contribution is calculated on the basis of their current market value after applying the applicable Haircut (as published in the Lending Norms on the SIX x-clear website) and not on the nominal value of the Securities or currencies deposited.


More Definitions of Lending Norms

Lending Norms means an Annex of the Operational Manual, in which the acceptable types of collateral (Cash or Securities) with their values and concentration limits with regard to Permissible Collateral are defined and published in tabular form on the SIX website (SIX > Securities Services > Clearing > Info Center > About SIX x-clear AG > Investment Policy).
Sample 1

Related to Lending Norms

  • Lending Party shall have the meaning assigned to such term in Section 11.14.

  • Regulatory Change means, with respect to any Lender, any change after the date hereof in Federal, state or foreign law or regulations (including, without limitation, Regulation D) or the adoption or making after such date of any interpretation, directive or request applying to a class of banks including such Lender of or under any Federal, state or foreign law or regulations (whether or not having the force of law and whether or not failure to comply therewith would be unlawful) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Lending Office means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

  • Lending Installation means, with respect to a Lender or the Agent, the office, branch, subsidiary or affiliate of such Lender or the Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.17.

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.

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

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Discriminatory Change in Law means a Change in Law, the terms of which apply expressly to:

  • Prime Lending Rate means the rate which the Administrative Agent announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate.

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Securities lending or "securities borrowing" means a transaction by which a counterparty transfers securities subject to a commitment that the borrower will return equivalent securities on a future date or when requested to do so by the transferor, that transaction being considered as securities lending for the counterparty transferring the securities and being considered as securities borrowing for the counterparty to which they are transferred;

  • 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.

  • Money Market Lending Office means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Agent; provided that any Bank may from time to time by notice to the Borrower and the Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • securities lending transactions means transactions whereby a Sub-Fund lends its Securities to a security-borrowing counterparty for an agreed fee.

  • Affected Person means a SEF applicant whose admission application is declined or is conditioned or a Person whose status as a Participant is terminated as set forth in Rule 303(e).

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Index Provider means, in respect of a Sub-Fund, the person responsible for compiling the Index against which the relevant Sub-Fund benchmarks its investments and who holds the right to licence the use of such Index to the relevant Sub-Fund as set out in the relevant Appendix.

  • CP Conduit means any limited-purpose entity established to use the direct or indirect proceeds of the issuance of Commercial Paper Notes to finance financial assets.

  • economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.

  • Nonconforming lot means a lot that met dimensional requirements of the applicable master program at the time of its establishment but now contains less than the required width, depth or area due to subsequent changes to the master program.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • Discrete source means a radionuclide that has been processed so that its concentration within a material has been purposely increased for use for commercial, medical, or research activities.

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.

  • Affected Persons means persons who, on account of an involuntary taking of land under the Project, had or would have their: (a) standard of living adversely affected; or (b) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (c) access to productive assets adversely affected, temporarily or permanently; or (d) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently; and “Affected Person” means any of the Affected Persons.