S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities and provided to the Counterparty and the Portfolio Manager on or before the date hereof, as such programme may be modified by S&P from time to time;
S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P, to be used by the Portfolio Manager (acting in good faith and a commercially reasonable manner) to determine the risk of Credit Events occurring under the Reference Portfolio and provided to the Portfolio Manager by S&P on or before the Issue Date, as it may be modified by S&P from time to time.
S&P CDO Evaluator means the dynamic, analytical computer model developed by S&P, S&P CDO Evaluator Version 3.2, and used to estimate default risk of Reference Entities in a Reference Portfolio and provided to the Portfolio Manager on or before the Issue Date. The S&P CDO Evaluator calculates the cumulative default rate of the Reference Portfolio consistent with a specified benchmark rating level based upon S&P’s proprietary corporate debt default studies. In calculating a S&P Scenario Loss Rate, the S&P CDO Evaluator considers each Reference Entity’s S&P Rating, the number of Reference Entities in the Reference Portfolio, the Reference Entity and industry concentrations in the Reference Portfolio using the S&P industry categorizations and calculates a cumulative default rate based on the statistical probability distributions of defaults of the Reference Entities.
Examples of S&P CDO Evaluator in a sentence
This tests whether the remaining subordination of the tranche is greater than the minimum subordination determined using the S&P CDO Evaluator.
S&P CDO Evaluator Model means the latest applicable dynamic, analytical computer model provided by S&P to Buyer for the purpose of estimating the default risk of the Reference Portfolio, as amended, supplemented or revised from time to time by S&P.
S&P SROC Percentage means, at any time, an amount (expressed as a percentage) equal to: A – ( AB) A – (D + E) where: A = the Reference Portfolio Notional Amount; B = the S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator Model; and D = the greater of (a) the Adjusted Subordination Amount minus the Loss Amount and (b) zero.
S&P CDO Evaluator Model means the latest applicable dynamic, analytical computer model provided by S&P to Buyer for the purpose of estimating the default risk of the Reference Portfolio in respect of any Series of Notes, as amended, supplemented or revised from time to time by S&P.
The Council’s s42A report includes a report from Mr. Dennison, Council’s Senior Environmental Noise Officer.
More Definitions of S&P CDO Evaluator
S&P CDO Evaluator. The computer program provided by S&P to the Servicer and the Administrative Agent on the Closing Date for the purpose of estimating the default risk of Loans.
S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities which has been provided to the Protection Buyer on or before the date hereof, as such programme may be modified by S&P from time to time; and
S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P, to be used by the Portfolio Manager (acting in good faith and a commercially reasonable manner) to determine the risk of Credit Events occurring under the Reference Portfolio and provided to Portfolio Manager by S&P on or before the Issue Date (as such programme may be amended, updated or replaced from time to time by S&P using its most up to date public methodology or model, and applied to the Reference Portfolio in agreement with the CDS Counterparty and the Portfolio Manager).
S&P CDO Evaluator means a dynamic, analytical computer programme developed by Standard & Poor’s and used to determine the credit risk of a portfolio of debt securities and provided to the Protection Buyer on or before the date hereof, as such programme may be modified by Standard and Poor’s from time to time;
S&P CDO Evaluator means, a dynamic, analytical computer program developed by Standard & Poor's and used to determine the credit risk of a portfolio of debt securities and provided to the Swap Counterparty on or before the date hereof, as such program may be modified by S&P from time to time.
S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities and provided to the Substitution Agent on or before the date of this Agreement, as such programme may be modified by S&P from time to time.
S&P CDO Evaluator means a dynamic, analytical computer programme developed by S&P and used to determine the credit risk of a portfolio of debt securities and provided to the Swap Counterparty on or before the Closing Date, as such programme may be modified by S&P from time to time. The S&P CDO Evaluator calculates the cumulative default rate of a pool of Reference Entities consistent with a specified benchmark rating level based upon certain assumptions and S&P’s proprietary corporate debt default studies. In calculating the Scenario Loss Rate, the S&P CDO Evaluator considers each Reference Entity’s S&P Rating, the number of Reference Entities in the portfolio, the individual and industry concentration in the Reference Portfolio and the remaining weighted averagematurity of the Credit Default Swap and calculates a cumulative default rate based on the statistical probability of distributions of defaults on the Reference Entities.