Examples of Recovery Value in a sentence
For the purposes hereof, reference to "Undeliverable Assets" in the definition of "Recovery Value" shall be deemed to be references to "Reference Assets".
Reference Dealers: Such leading dealers, banks or banking corporations, which are notresident in the Reference Jurisdiction and which deal in obligations of the type of the Undeliverable Assets as are selected by the Calculation Agent in order to determine the Recovery Value.
Recovery Value: The highest firm bid quotation that the Calculation Agent is able to obtain on the Valuation Date from the Reference Dealers for the sale to the Reference Dealers of the Undeliverable Assets in the Payment Currency payable outside the Reference Jurisdiction, provided that if none of the Reference Dealers provides such a firm quotation then the Recovery Value shall be determined by the Calculation Agent in its sole discretion.
Recovery Value: The highest firm bid quotation that the Calculation Agent is able to obtain on the Valuation Date from the Reference Dealers for the sale to the Reference Dealers of the Undeliverable Assets in the Settlement Currency payable outside the Reference Jurisdiction, provided that if none of the Reference Dealers provides such a firm quotation then the Recovery Value shall be determined by the Calculation Agent, in its sole discretion.
BEER model with Interventions and Spot trades –short runIn this part, we look at the short-term effect of the variables, together with added variables of the Intervention and Spot trades, made by the Czech National Bank.