Stable Value definition

Stable Value means a plan investment option with an underlying conservative asset class of investments, that has the goal of preserving capital, providing liquidity, and generating steady, positive returns. § 4 CONTRACT PROVISIONS

Stable Value. Instrument means any insurance, derivative or similar financial contract or instrument designed to mitigate the volatility of returns during a given period on a specified portfolio of securities held by one party (the Customer) through the commitment of the other party (the SVI Provider) to provide the Customer with a credited rate of return on the portfolio, typically determined through an interest-crediting mechanism; in exchange, the SVI Provider typically receives a fee; Sterling or £ refers to the lawful currency of the United Kingdom from time to time;

Stable Value is a fund designed to preserve capital while providing steady, positive returns. Stable value funds are invested in wrap or investment contracts issued by insurance companies or banks, which are in turn backed by one or more high quality, diversified fixed income portfolios. The fixed income portfolios provide investment returns, while the wrap or investment contracts are designed to protect against interest rate volatility by providing for the payment of plan-related withdrawals at book value (cost plus accrued interest). These contracts also provide for periodic interest crediting rates that are used to post interest earnings to Account Owner Accounts daily. The provision for making plan-related withdrawals at book value enables the stable value fund to be accounted for daily at its book value and to post interest returns to its Account Owners.

Examples of Stable Value in a sentence

• Except as otherwise provided below, a Member may not direct a transfer from the Stable Value Fund to the Government Money Market Fund or the Employer Certificate of Deposit Fund.

• A Member may direct a transfer from any other investment vehicle to the Government Money Market Fund or the Employer Certificate of Deposit Fund provided that amounts previously transferred from the Stable Value Fund to such investment vehicle remain in such vehicle for a period of three months prior to being transferred to the Government Money Market Fund or the Employer Certificate of Deposit Fund.

• Our Full Service Stable Value products represent fixed rate options on investment funds offered to customers.

• Putnam Fiduciary Trust Company, LLC (“PFTC”), as trustee of the Putnam Stable Value Fund (the “Fund”), in which your Plan has invested, is a covered service provider.

• Other than the requirement that the duration of the Stable Value fund cannot exceed five years, the Plan investment guidelines include no formal policy on interest rate risk.

• If the only Investment Account offered is the Stable Value Account, Participants’ deferrals will be automatically allocated to the Stable Value Account.

• Empower established an Excess Revenue Sharing Account, that was invested in the Stable Value Fund, into which the estimated excess credits were deposited quarterly, pending final accounting within 60 days of year end.

• Stable Value FundThe Stable Value Fund is intended to be the lowest risk investment option offered in the Plans.

• Investment ObjectiveThe primary objective of the Stable Value Fund is the preservation of principal.

• Other than the requirement that the duration of the Stable Value Fund cannot exceed five years, the Plan investment guidelines include no formal policy on interest rate risk.

More Definitions of Stable Value

Stable Value means a unique asset class available to a Plan utilizing contracts issued by banks, insurance companies, or other financial institutions, which convey to the investment option the ability to carry certain assets at book value. The names of investment options that typically purchase or offer Stable Value investment contracts commonly include the terms fixed income, capital preservation, guaranteed investment, interest income, stable interest, stable value, guaranteed return, general account, or other similar terms. When offered as an investment option to a Plan, Stable Value seeks to offer capital preservation and stable returns. Stable Value includes investment options that may or may not carry a guarantee of principal or interest.

Stable Value. With respect to each Delayed Draw Collateral Obligation at any time, the “Stable Value” for such Delayed Draw Collateral Obligation set forth on Schedule 1 hereto; provided that: