S&P Scenario Loss Rate means, in respect of the Reference Portfolio at any time, an estimate of the current cumulative default rate, given the rating scenario assigned at issuance, for the Reference Entities included in the Reference Portfolio and as amended from time to time, determined by application of the S&P CDO Evaluator at such time; and
S&P Scenario Loss Rate means, as of any date, an estimate of the cumulative loss rate, given the initial rating scenario, for the pool of Reference Obligations included in the Reference Portfolio and as amended from time to time, determined by application of the S&P CDO Evaluator at such time;
S&P Scenario Loss Rate means, as of any date, an estimate of the current cumulative default rate, given the rating scenario assigned at issuance, net of recovery where the S&P Weighted Average Recovery is not applicable, for the Reference Entities included in the Reference Portfolio from time to time, determined by application of the S&P CDO Evaluator at such time.
Examples of S&P Scenario Loss Rate in a sentence
The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator; and “C” = $49,500,000.
The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator (expressed as a percentage); and "C" = $0.
The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator (expressed as a percentage); and “C” = $0.
More Definitions of S&P Scenario Loss Rate
S&P Scenario Loss Rate means, as of any date, an estimate of the current cumulative loss rate, for the Long Reference Entities in the Reference Portfolio and as amended from time to time, consistent with the initial rating by S&P with respect to the Notes, determined by the application of the S&P CDO Evaluator.
S&P Scenario Loss Rate means, as at any date, an estimate of the current cumulative default rate, given the rating scenario assigned at the Issue Date, for the Reference Entities included in the Reference Portfolio from time to time, determined by the application of the S&P CDO Evaluator at such time.
S&P Scenario Loss Rate means, as of any date, an estimate of the rating scenario cumulative default rate, net of recovery, for the Reference Entities to which the relevant notes relate and as amended from time to time, determined by application of the S&P CDO Evaluator at such time. (v) With respect to any Portfolio Substitution, the Moody’s CDOROMTM Test is satisfied with respect to each Class of Linked Series Notes rated by Moody’s.
S&P Scenario Loss Rate means, in respect of the Portfolio at any time, an estimate of the current cumulative default rate, given the rating scenario assigned at issuance, net of recovery, for the Reference Obligations included in the Portfolio and as amended from time to time, determined by application of the S&P CDO Evaluator at such time; S&P Recovery Rate Matrix
S&P Scenario Loss Rate means, as of any date of determination, with respect to the S&P Reference Entities in the S&P Specified Portfolio as amended from time to time, an estimate of the current cumulative default rate, given the rating scenario assigned at issuance, net of recovery, as determined by application of the S&P CDO Evaluator.
S&P Scenario Loss Rate means, as of any date, an estimate of the cumulative loss rate, given the initial rating scenario, for the pool of Reference Entities included in the Reference Portfolio and as amended from time to time, determined by application of the S&P CDO Evaluator at such time.Annex 1 PORTFOLIO GUIDELINESThe following constitute the Portfolio Guidelines with respect to the Reference Portfolio. For the purpose of determining compliance with the Portfolio Guidelines, account shall be taken of the net effect in aggregate (rather than on an individual basis) of all Adjustments effected on a single day.
S&P Scenario Loss Rate means, as of any date, an estimate of the current cumulative loss rate, given the rating scenario for the Reference Portfolio as at the Initial Closing Date and as amended from time to time, determined by application of the S&P CDO Evaluator at such time. Such current cumulative loss rate will be determined by using, inter alia, the S&P Rating assigned to each Reference Entity in the Reference Portfolio, the Reference Entity Notional Amount and the S&P Recovery Inputs attributable to the country of the relevant Reference Entity. There can be no assurance that actual defaults of the Reference Entities or the timing of defaults will not exceed those assumed in the application of the S&P CDO Evaluator or that recovery rates with respect thereto will not differ from those assumed in the S&P Substitution Test. The S&P CDO Evaluator has been provided by S&P to the Swap Counterparty as an accommodation in connection with S&P’s rating of the Notes. S&P makes no representation or warranty with respect to the use of the S&P CDO Evaluator. IN PARTICULAR S&P MAKES NO REPRESENTATION OR WARRANTY THAT ACTUAL DEFAULTS ON THE REFERENCE ENTITIES WILL NOT EXCEED THOSE DETERMINED BY THE S&P CDO EVALUATOR. S&P does not guarantee theaccuracy, adequacy or completeness of the S&P Substitution Test and is not responsible for the results obtained by the use thereof. The credit ratings on the Notes are subject to review for potential downgrade. None of the Swap Counterparty, the Lead Manager, the Trustee or the Issuer makes any representation as to the expected rate of defaults of the Reference Entities or the timing of defaults or as to the expected recovery rate or the timing of recoveries.REFERENCE PORTFOLIO Certain characteristics of the Reference Portfolio are set forth below and refer to the composition of the Reference Portfolio as of 31 March 2007. The composition of the Reference Portfolio will vary over time and, as a result, the characteristics of the Reference Portfolio set forth in the following tables are not necessarily indicative of the characteristics of the Reference Portfolio at any subsequent time. The inclusion of a Reference Entity or Reference Obligation in the Reference Portfolio (as designated in the Reference Register) does not signify that the Swap Counterparty has any credit exposure to that Reference Entity or in respect of that Reference Obligation on the Report Date or at any time thereafter. Key Features of the Reference Portfolio Reference Portfolio ...