S&P Scenario Loss Rate definition

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 Reference Entities in the relevant Reference Portfolio and as amended from time to time, determined by application of the S&P CDO Evaluator Model 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 oxygen reduction reaction (ORR) on the cathode surface can be described as follows:½ O2 (gas) + 2e-(cahode)  O2-(electrolyte) (1.9)Although the molecular species involved in the electrochemical reactions is a single diatomic species (O2), this reaction is actually quite complex and comprises a number of elemental steps to convert the oxygen molecule to some “electroactive” intermediate form.

• High surface moisture in middling coal – The Petitioner submitted that middling coal has relatively very high surface moisture at the time of loading.

• Where:A = Outstanding Portfolio Notional Amount;B = The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator;D = The greater of (a) the Subordination Amount minus the Cumulative Loss Amount and (b) zero.

• For the avoidance of doubt, where the S&P Scenario Loss Rate output from the S&P CDO Evaluator is already net of recovery, the S&P SROC Test formula shall be; A − (AB) SROCTest 2 =  A − (D + AE )  Where; A = Portfolio Notional Amount; B = The S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator; D = The Lower Band;E = S&P Dynamic Enhancement Percentage, where applicable.

• SROC Test=  A − ( AB)  2  A − D Where: A = outstanding Reference Portfolio Notional Amount; B = the S&P Scenario Loss Rate as calculated by the S&P CDO Evaluator; and D = the Threshold.

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, as of any date, 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 Default Swap Confirmation 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 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 rating scenario cumulative default rate, net of the Assumed S&P Recovery Level, for the Reference Obligations included in the Reference Portfolio as amended from time to time, determined by application of the S&P CDO Evaluator based on the Initial Rating of the Notes.APPENDIX A FORM OF REFERENCE REGISTER Identification of Reference Credit Agreement1Identification of the relevant Benchmark Loan2 Notional Amount Initial PriceWeighted AverageMaturity of Benchmark Loan Maturity CapScheduled Maturity of the Benchmark Loan Key Entity3 S&P Rating, if anyS & P Industry Classification of KeyEntity Coupon Loan TypeIssue Date of Benchmark Loan Excluded ObligorCurrency of denomination of theBenchmark Loan

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 Linked Instrument rated by Moody’s.