Standard assets definition

Standard assets means the asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any problem nor carry more than normal risk attached to the business.
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Standard assets means cash, cash funds, deposits, exchange-traded commodities, government and local authority bonds and other fixed interest stocks, investment notes (structured products), shares in investment trusts, managed pension funds, national savings and investment products, permanent interest bearing shares (PIBs), physical gold bullion, real estate investment trusts, securities admitted to trading on a regulated venue and UK commercial property units in regulated collective investment schemes. In addition, a standard asset must be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required.
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Standard assets means assets which are capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required
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Examples of Standard assets in a sentence

  • Contingent Provisions against Standard assets has been made @ 0.25% of the outstanding standard assets as per RBI directions.

  • Additional provision of 0.25% on Standard assets has also been made during the year, as per stipulation of RBI on Standard assets.

  • Additional provision of 0.40% on Standard assets has also been made during the year, as per stipulation of RBI on Standard assets.

  • General provisions includes Standard assets provision (including Unhedged Foreign Currency Exposure) and Country risk provision.

  • General provisions includes Standard assets provision (including Unhedged Foreign Currency Exposure and Country Risk provision).

  • Standard assets constituted 96% of the total assets under management.

  • Standard assets provisioning was at 91 bps (ECL stage 1 & 2) under Ind ASas against requirement of ~40 bps as per RBI and NHB.

  • Standard assets are sufficiently secured with respect to the repayment of both the principal amount and interest.

  • The provisioning coverage ratio was 60% • Standard assets provisioning of 85 bps (ECL stage 1 & 2) undeIrnd ASas against requirement of ~40 bps as per RBI and NHB • Capital adequacy ratio (including Tier-II capital) as of 31 March 2019 stood at 20.66%.

  • Significant increase in credit risk on other financial instruments of the same counterparty The company catogarises financial assets based on the assumptions, inputs and factors specific to the class of financial assets into High-quality assets, negligible credit risk; Quality assets, low credit risk; Standard assets, moderate credit risk; Substandard assets, relatively high credit risk; Low quality assets, very high credit risk; Doubtful assets, credit- impaired.


More Definitions of Standard assets

Standard assets means assets classified as standard assets under the RBI’s Master Directions on Non Banking Financial Company Systemically Important Non Deposit Taking Company and Deposit Taking Company (Reserve Bank) Directions, 2016”, as amended or superseded from time to time, which are not overdue for more than 150 days, provided however, that to the extent RBI requirements as amended from time to time define standard assets as being overdue for fewer than 150 days, then such shorter period shall apply to this definition;
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Standard assets means the list of assets defined as such within rule IPRU-INV 5.9.1R;
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Related to Standard assets

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Large Facility Interconnection Procedures or “LFIP”) shall mean the interconnection procedures applicable to an Interconnection Request pertaining to a Large Generating Facility that are included in Attachment X of the ISO OATT. Standard Large Generator Interconnection Agreement (“LGIA”) shall mean this Agreement, which is the form of interconnection agreement applicable to an Interconnection Request pertaining to a Large Generating Facility, that is included in Appendix 4 to Attachment X of the ISO OATT. System Deliverability Upgrades shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications or additions to Byways and Highways and Other Interfaces on the existing New York State Transmission System and Distribution System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Deliverability Interconnection Standard at the requested level of Capacity Resource Interconnection Service. System Protection Facilities shall mean the equipment, including necessary protection signal communications equipment, required to (1) protect the New York State Transmission System from faults or other electrical disturbances occurring at the Large Generating Facility and (2) protect the Large Generating Facility from faults or other electrical system disturbances occurring on the New York State Transmission System or on other delivery systems or other generating systems to which the New York State Transmission System is directly connected. System Upgrade Facilities shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications to the existing transmission system that are required to maintain system reliability due to: (i) changes in the system, including such changes as load growth and changes in load pattern, to be addressed in the form of generic generation or transmission projects; and (ii) proposed interconnections. In the case of proposed interconnection projects, System Upgrade Facilities are the modifications or additions to the existing New York State Transmission System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Minimum Interconnection Standard. Tariff shall mean the NYISO Open Access Transmission Tariff (“OATT”), as filed with the Commission, and as amended or supplemented from time to time, or any successor tariff. Trial Operation shall mean the period during which Developer is engaged in on-site test operations and commissioning of the Large Generating Facility prior to Commercial Operation.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • 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;