Realised Loss means the cash loss realised by you when you close an Open Position;
Realised Loss means any amount that would be payable by the Issuer in respect of any Credit Default Swap as a result of termination or partial termination of Credit Default Swaps following a reduction in the Investment Portfolio Notional Amount, as determined by the Calculation Agent in accordance with the Determination Methodology;
Realised Loss means, on any Notes Payment Date, the sum of:
Examples of Realised Loss in a sentence
If such a set-off is made, references in the Account Terms to Realised Profit and Realised Loss will be read as including the net amount of Realised Profit or Realised Loss (as the case may be) remaining after the set-off.
If any Realised Profit, Realised Loss, Commission, Overnight Financing or other charges are to be credited or debited to your Account in a currency other than your Base Currency, we will automatically convert such amounts in accordance with clause 22.1.
Investors should be aware that the Realised Losses reported may not reflect all losses that already have occurred or are expected to occur, because a Realised Loss is recorded, inter alia, only after the Servicer has determined that foreclosure of the Mortgage and other collateral securing the Mortgage Receivable has been completed which process may take a considerable amount of time and may not necessarily be in line with the policies of other originators in the Dutch market.
LCH SA will deduct any Net Realised Loss or add any Net Realised Gain resulting from the above calculation from/to the Margin to be returned to the Clearing Member.
Any Realised Loss shall be debited to the relevant IC Loan Principal Deficiency Ledger (such debit item being recredited at item (f) of the Asset Purchaser Interest Priority of Payments) so long as the debit balance on such ledger is less than the Principal Outstanding Amount of all IC Loans of such Asset Purchaser.
More Definitions of Realised Loss
Realised Loss means, on any Monthly Calculation Date, the sum of:
Realised Loss means, with respect to a Liquidated Reference Claim, the Outstanding Protected Amount of, the Accrued Interest on and the related Enforcement Costs in respect of such Liquidated Reference Claim, as of the end of the Collection Period during which it became a Liquidated Reference Claim, in each case not otherwise recovered from collections (including Foreclosure Proceeds) as allocated pursuant to Provision 5 of the Reference Pool Provisions (Allocation of Payments and Foreclosure Proceeds), provided that in connection with payment rescheduling or debt restructuring of a Reference Claim (i) the costs and expenses connected therewith and (ii) any amount of principal foregone as part thereof in accordance with the Servicing Standards shall be included in, or (where the remaining Outstanding Protected Amount of such Reference Claims has been redeemed in full so that there are no other losses with respect to such Liquidated Reference Claims) constitute the Realised Loss with respect to such Liquidated Reference Claim.
Realised Loss means, (a) with respect to a Written-off Receivable, the Outstanding Principal Amount of such Receivable on the date on which it becomes a Written-off Receivable, taking account of all Collections and other recoveries, if any, in respect of such Receivable, which will be applied first to outstanding expenses incurred with respect to such Receivable, then to accrued and unpaid interest in respect of such Receivable and, finally, to principal in respect of such Receivable and (b) with respect to any other Receivable where any repayment of the Outstanding Principal Amount (or any part thereof) has not been received by the Fund due to bankruptcy, insolvency or any similar event occurring with respect to the collection account bank through which such repayments were required to be collected, the amount of such repayment, provided that if such Receivable subsequently becomes a Written-off Receivable, the Realised Loss then determined shall take account of any amounts previously recognised as a Realised Loss under this sub-clause (b) and from which shall be deducted all Collections and other recoveries, if any, in respect of such Receivable. A "Written-off Receivable" means on any day, any Receivable in respect of which:
Realised Loss means, (i) in respect of a Liquidated Reference Obligation (subject to (ii) below), the Reference Obligation Notional Amount (without deduction of any Used Synthetic Excess Spread in respect of principal amounts applied to such Reference Obligation) of such Liquidated Reference Obligation, the Accrued Interest and the related Enforcement Costs outstanding at the time such Reference Obligation became a Liquidated Reference Obligation plus Diminutions in respect of such Reference Obligation, if any, and (ii) the Determined Loss in respect of any Liquidated Reference Obligation, Impaired Reference Obligation or Defaulted Reference Obligation (as applicable), in each case not otherwise recovered from Collections (as applied in accordance with the relevant Procedures).
Realised Loss means, on any Notes Calculation Date, the sum of (a) the aggregate Net Outstanding Principal Balance of all Mortgage Receivables, on which the Seller, the Issuer or the Security Trustee (or the Servicer on their behalf) has foreclosed and has received the proceeds (including for the avoidance of doubt the proceeds of any NHG Guarantee) in the Notes Calculation Period immediately preceding such Notes Calculation Date less the Net Foreclosure Proceeds applied to reduce the Outstanding Principal Balance of such Mortgage Receivables, (b) with respect to Mortgage Receivables sold by the Issuer pursuant to the Mortgage Receivables Purchase Agreement or the Trust Deed in the Notes Calculation Period immediately preceding such Notes Calculation Date, the amount of the aggregate Net Outstanding Principal Balance of all such Mortgage Receivables, less the purchase price received, or to be received on the immediately succeeding Notes Payment Date, in respect of such Mortgage Receivables to the extent relating to principal and (c) with respect to Mortgage Receivables which have been extinguished (teniet gegaan), in part or in full, in the Notes Calculation Period immediately preceding such Notes Calculation Date as a result of a set-off right having been invoked by the relevant Borrower or the Seller, as the case may be, the positive difference, if any, between the amount by which the Mortgage Receivables have been extinguished (teniet gegaan) and the amount received from the Seller during the Notes Calculation Period immediately preceding such Notes Calculation Date pursuant to the Mortgage Receivables Purchase Agreement in connection with such set-off.
Realised Loss means, with respect to a Liquidated Reference Loan, the aggregate of (a) the Reference Loan Notional Amount (less any Undrawn Amount in respect of such Reference Loan upon the occurrence of a Credit Event) and (b) the Accrued Interest of such Liquidated Reference Loan, after deducting from such aggregate amount the aggregate of:
Realised Loss means with respect to a Loan secured by the Mortgages comprised in the Assets of the Fund: