Supranational Securities definition
Supranational Securities means securities issued or backed by the Bank for International Settlements, European Central Bank, European Commission, International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter-American Development Bank, International Finance Corp., International Monetary Fund, European Investment Bank, European Investment Fund, Council of Europe Development Bank, Asian Development Bank, African Development Bank, Caribbean Development Bank, Islamic Development Bank and Nordic Investment Bank, “US-GNMAMBS” shall mean single-class fully modified pass-through certificates (GNMA Certificates) in book-entry form backed by single-family residential mortgage loans, the full and timely payment of principal and interest of which certificates is guaranteed by the Government National Mortgage Association (excluding Real Estate Mortgage Investment Conduit (REMIC) or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and derivatives and similar derivatives securities), “US-FNMAMBS” shall mean single-class pass-through certificates (FNMA Certificates) in book-entry form backed by single-family residential mortgage loans, the timely payment of principal and interest of which certificates is guaranteed by the Federal National Mortgage Association (excluding Real Estate Mortgage Investment Conduit (REMIC) or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and derivatives and similar derivatives securities), “US-FHLMCMBS” shall mean single-class participation certificates (FHLMC Certificates) in book-entry form backed by single-family residential mortgage loans, the timely payment of principal and interest of which certificates is guaranteed by the Federal Home Loan Mortgage Corporation (excluding Real Estate Mortgage Investment Conduit (REMIC) or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and derivatives and similar derivatives securities) and “US-TIPS” shall mean securities issued by the Department of the Treasury backed by the credit of the United States of America where the principal is changed based on changes of th...
Supranational Securities means securities issued or backed by the International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter American Development
Supranational Securities means securities issued or backed by the International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter American Development Bank, International Monetary Fund, European Investment Bank, Asian Development Bank, African Development Bank and Nordic Development Bank, “US-GNMAMBS” shall mean single-class fully modified pass-through certificates (GNMA Certificates) in book-entry form backed by single-family residential mortgage loans, the full and timely payment of principal and interest of which certificates is guaranteed by the Government National Mortgage Association (excluding Real Estate Mortgage Investment Conduit (REMIC) or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and
Examples of Supranational Securities in a sentence
Supranational Securities: Securities issued or backed by the International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter American Development Bank, International Monetary Fund, European Investment Bank, Asian Development Bank, African Development Bank and Nordic Development Bank as long as the credit ratings are at or above (i) AAA by S&P, (ii) Aaa by ▇▇▇▇▇’▇ or (iii) AAA by Fitch.
More Definitions of Supranational Securities
Supranational Securities means securities issued or backed by the International Bank for Reconstruction & Development, European Bank for Reconstruction & Development, Inter American Development Bank, International Monetary Fund, European Investment Bank, Asian Development Bank, African Development Bank and Nordic Development Bank rated at least AAA from S&P, Aaa from ▇▇▇▇▇’▇ or AAA from Fitch.
Supranational Securities means any U.S. Dollar and non-U.S. Dollar denominated evidence of Indebtedness, maturing not more than five years after such time, issued or guaranteed issued by The International Bank for Reconstruction and Development (the World Bank), The European Investment Bank, The European Bank for Reconstruction and Development, The Inter-American Development Bank, Asian Development Bank or Nordic Investment Bank.
Supranational Securities means European Bank for Reconstruction and Development, European Investment Bank & European Union securities which are in each case at least AAA rated by Standard & Poors.