Reference Entity Notional Amount definition

Reference Entity Notional Amount means, in respect of any Reference Entity, the notional amount for the time being of credit protection which is purchased under the terms of the Reference CDS in relation to a Reference Entity, being, as of the Issue Date (and unless otherwise specified in the Pricing Supplement):

Reference Entity Notional Amount means, in respect of a Reference Entity, the amount specified in the applicable Final Terms or otherwise determined in accordance with the Conditions.

Reference Entity Notional Amount means in respect of each Reference Entity the amount specified in § 3 of the Product Data.

Examples of Reference Entity Notional Amount in a sentence

• Such Exercise Amount may be less than the Reference Entity Notional Amount for a Single Name CLN (or in relation to Basket CLNs or Index CLNs the proportion of a Note equal to the Reference Entity Notional Amount attributable to such Reference Entity).

• If Fixed Recovery Redemption is specified to be applicable in the relevant Issue Terms, following the occurrence of a Credit Event and related Event Determination Date, the return a Noteholder receives under the Notes (or if the Notes are Basket CLNs or Index Linked CLNs, in respect of a proportion of the Reference Entity Notional Amount attributable to the relevant Reference Entity).

• Such Exercise Amount may be less than the Reference Entity Notional Amount for a Single Name CLN (or in relation to Basket CLNs or Index Linked CLNs the proportion of a Note equal to the Reference Entity Notional Amount attributable to such Reference Entity).

• For the avoidance of doubt, following the occurrence of an Event Determination Date with respect to a Reference Entity, the Reference Entity Notional Amount of such Reference Entity shall be reduced by an amount equal to the Reference Entity Notional Amount (as the same may be adjusted in accordance with Section 3.9 of the Credit Derivatives Definitions) on the day on which the corresponding Final Price is determined.

• Such termination shall take effect through a reduction of the Outstanding Tranche Notional Amount, each Reference Entity Notional Amount and the Aggregate Loss Determination Amount in the Applicable Proportion, together with such other reductions and modifications required as determined by the Calculation Agent to give effect to the partial termination of the Transaction.

More Definitions of Reference Entity Notional Amount

Reference Entity Notional Amount means, with respect to any Reference Entity of a Linear Basket Note or a Tranche Note, the amount equal to the product of the Reference Entity Weighting and the Reference Portfolio Notional Amount.

Reference Entity Notional Amount means, in respect of any Reference Entity, the notional amount specified in the Reference Portfolio as the “Reference Entity Notional Amount” with respect to such Reference Entity provided that (i) in respect of a Reference Entity for which an Exercise Amount as specified in the Credit Event Notice is less than the Reference Entity Notional Amount in respect of such Reference Entity, the amount specified in the Reference Portfolio shall be reduced following such Credit Event Notice by the amount of such Exercise Amount; and (ii) if a Succession Event occurs with respect to any Reference Entity, the Reference Entity Notional Amount shall be such Reference Entity Notional Amount as shall be determined by the Calculation Agent in accordance with Section 2.2(e) of the Credit Derivatives Definitions (as amended hereby). Where pursuant to the definition of “Successor”, more than one Successor has been identified (each a “Multiple Successor”) in relation to a Reference Entity (the “Original Reference Entity”), each Multiple Successor shall be a Reference Entity, but the Reference Entity Notional Amount of each such Successor shall be equal to the Reference Entity Notional Amount of the Original Reference Entity divided by the number of Multiple Successors (the “Multiple Successor Percentage Amount”) provided that if any Successor (which is not the Original Reference Entity) is already a Reference Entity, the Multiple Successor Percentage Amount shall be added to the Reference Entity Notional Amount of that Reference Entity.

Reference Entity Notional Amount means the amount in which the Issuer has purchased (in the case of Credit Notes or Credit Certificates) or sold (in the case of Credit Warrants) credit protection in respect of one or more Reference Entities, as set out in the Final Terms (or, if no such amount is specified, (in the case of Credit Notes) the Aggregate Nominal Amount or, in the case of Partly Paid Notes, the paid-up Aggregate Nominal Amount or (in the case of Credit Certificates or Credit Warrants) the aggregate Notional Amount of the Credit Securities or, in the case of Partly Paid Certificates, the paid-up aggregate Notional Amount of the Partly Paid Certificates, in each case, divided by the number of Reference Entities (and, in the case of Instalment Notes or Instalment Certificates, subject to reduction on redemption)), subject to Credit Security Conditions 6 and 8.

Reference Entity Notional Amount means (a) with respect to a Reference Entity comprised in the Initial Portfolio, the amount specified as such in Schedule 2

Reference Entity Notional Amount means the amount specified as such in the Final Terms, provided that if ‘Amortising Reference Obligation’ is specified as applicable in the relevant Final Terms, and, at any time, the Reference Obligation has been redeemed in part pursuant to any of the terms and conditions thereof that provide for the redemption of the Reference Obligation in instalments, then the Reference Entity Notional Amount in respect of such time means the amount specified as such in the Final Terms as adjusted to take account of such redemption in part, as determined by the Issuer in good faith and in a commercially reasonable manner.”

Reference Entity Notional Amount means, for each Reference Entity comprised in the Credit Swap Transaction, the Floating Rate Payer Calculation Amount from time to time under the Credit Swap Transaction.

Reference Entity Notional Amount means, with respect to the Reference Entity, subject to the occurrence of a succession or Succession Event, as applicable, the Aggregate Principal Amount.