Relative VaR Approach definition

Relative VaR Approach means the relative VaR approach for calculating global
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Examples of Relative VaR Approach in a sentence

  • The risk resulting from the use of financial derivative in- struments may be calculated based on the Commitment Approach or by making use of the Relative VaR Approach or Absolute VaR Approach as detailed for each Sub-Fund in the Special Part.

  • Market risk exposure and risk management As part of the risk management process, each Portfolio uses one of the following methodologies to monitor and measure its global exposure, each as disclosed below: (i) the Commitment Approach, (ii) the Relative VaR Approach; or (iii) the Absolute VaR Approach.

  • This study will give a good overview of pure collaborative filtering and content-based recommendation methods.

  • The risk resulting from the use of financial derivative instruments may be calculated based on the Commitment Approach or by making use of the Relative VaR Approach or Absolute VaR Approach as detailed for each Sub- Fund in the Supplement.

  • Relative VaR Approach: In the relative VaR approach, the VaR of the relevant Sub-Fund shall not exceed twice the VaR of a reference portfolio.

  • The Company shall also assess on a regular basis the quality of the VaR model forecasts by means of a comparison between the potential market risk amount calculated by the model and the actual change in the value of the portfolio (back-testing).The Company’s total exposure limit relating to a Sub-Fund of 200% of NAV, may be alternatively assessed on the basis of the Absolute VaR Approach or the Relative VaR Approach.

  • The risk resulting from the use of financial derivative instruments may be calculated based on the Commitment Approach or by making use of the Relative VaR Approach or Absolute VaR Approach as detailed for each Portfolio in the Supplement.

  • Relative VaR Approach – Under the Relative VaR Approach, the VaR on a Sub-Fund’s portfolio should be compared with the VaR of a benchmark or reference portfolio (i.e. a similar portfolio with no FDIs) in the form of an actual benchmark portfolio (such as an index) or a fictitious benchmark portfolio.

  • Knowledge was broadly defined as "the basic information whose status is qualified in one way or another by markers of evidentiality", where the notion of evidentiality extends beyond evidence and can be as inclusive as any "attitude toward knowledge" (Chafe 1986).

  • If the VaR on the Sub-Fund’s portfolio is within 20% of the NAV then the global exposure limit described above is deemed to be satisfied.Relative VaR Approach – Under the Relative VaR Approach, the VaR on a Sub-Fund’s portfolio should be compared with the VaR of a benchmark or reference portfolio (i.e. a similar portfolio with no FDIs) in the form of an actual benchmark portfolio (such as an index) or a fictitious benchmark portfolio.

Related to Relative VaR Approach

  • Native vegetation means plant species that are indigenous to the region.

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Licensed Product in the applicable country or Region, but excluding any Pricing and Reimbursement Approval.

  • Reasonably Available Control Technology (RACT) means the lowest emission limit that a particular source is capable of meeting by the application of control technology that is reasonably available considering technological and economic feasibility. It may require technology that has been applied to similar, but not necessarily identical source categories.

  • Reference Interconnection Offer or “RIO” means a document published by a service provider specifying terms and conditions on which the other service provider may seek interconnection with such service provider;

  • information gathering measures means laws and administrative or judicial procedures that enable a Contracting Party to obtain and provide the requested information;

  • Competitive Local Exchange Carrier (CLEC) means any company or person authorized to provide local exchange services in competition with an ILEC.

  • Registry Operator Approval means the receipt of each of the following: (A) the affirmative approval of the Applicable Registry Operators whose payments to ICANN accounted for two-­‐thirds of the total amount of fees (converted to U.S. dollars, if applicable, at the prevailing exchange rate published the prior day in the U.S. Edition of the Wall Street Journal for the date such calculation is made by ICANN) paid to ICANN by all the Applicable Registry Operators during the immediately previous calendar year pursuant to the Applicable Registry Agreements, and (B) the affirmative approval of a majority of the Applicable Registry Operators at the time such approval is obtained. For the avoidance of doubt, with respect to clause (B), each Applicable Registry Operator shall have one vote for each top-­‐level domain operated by such Registry Operator pursuant to an Applicable Registry Agreement.

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • Best available control technology or “BACT” means an emissions limitation, including a visible emissions standard, based on the maximum degree of reduction for each regulated NSR pollutant which would be emitted from any proposed major stationary source or major modification which the reviewing authority, on a case-by-case basis, taking into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combination techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 567—subrules 23.1(2) through 23.1(5) (standards for new stationary sources, federal standards for hazardous air pollutants, and federal emissions guidelines), or federal regulations as set forth in 40 CFR Parts 60, 61 and 63 but not yet adopted by the state. If the department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard or combination thereof may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation and shall provide for compliance by means which achieve equivalent results.

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Designated country construction material means a construction material that is a WTO GPA country construction material, an FTA country construction material, a least developed country construction material, or a Caribbean Basin country construction material.

  • Current placement episode means the period of time that