Subordination Sensitivity definition
Subordination Sensitivity means the absolute value (expressed as a positive number) of the change in the net present value of the CDS Contract following a USD 1 change in the Subordination Amount, as determined by Calculation Agent in its sole discretion and acting in good faith and in a commercially reasonable manner.
Subordination Sensitivity means the absolute value of the change in the mark to market value of the credit protection provided to the Swap Counterparty under the Credit Swap Transaction due to a change by 10,000 units (or, in the case of JPY, JPY 1,000,000) of the currency of the Notes change in the relevant Subordination, as determined by the Swap Counterparty in its sole and absolute discretion.
Subordination Sensitivity means in respect of an Adjustment, a Trading Account Reallocation or a Subordination Reallocation, the absolute value of the change of the net present value of the Transaction following a USD 1 change in the relevant Loss Threshold and as determined by the Protection Buyer in good faith and in a commercially reasonable manner.
More Definitions of Subordination Sensitivity
Subordination Sensitivity means in respect of an Adjustment the absolute value of the ratio of (a) the change of the net present value of this Transaction following a change in the relevant Loss Threshold Amount equal to the Subordination Step, divided by (b) the Subordination Step and as determined by the Protection Buyer, in good faith and in a commercially reasonable manner, on the basis of (i) the Protection Buyer’s Proprietary Model (which may be modified from time to time by the Protection Buyer, in its sole discretion and without notice) and (ii) the Protection Buyer’s Proprietary Market Data (including any data regarding the probability of default of the relevant Reference Entities, or regarding the credit risk correlation).
Subordination Sensitivity means a positive amount equal to (i) the absolute value of the change in present value of this Transaction (rounded to the nearest EUR 1,000) for a Euro 1,000,000 change to the Threshold Amount divided by (ii) 1,000,000 (one million), as determined by the Buyer in a commercially reasonable manner.
Subordination Sensitivity means in respect of each proposed Substitution relating to a Subordination Adjustment, the absolute value of the change in the mark-to-market value of the Credit Default Swap (as determined by the Calculation Agent by reference to the Subordination Sensitivity Model) due to a 0.01 per cent. change in the Loss Threshold.
Subordination Sensitivity means in respect of an Adjustment the absolute value of the change of the net present value of the Transaction following a EUR 1 change in the relevant Loss Threshold, taking into account the influence of the Related Transactions and as determined by the Protection Buyer in good faith and in a commercially reasonable manner.