Examples of Tier 1 Capital Instruments in a sentence
Details of the Additional Tier 1 Capital Instruments are outlined below.
Table 3.1 outlines the application of the grandfathering provisions in respect of the Additional Tier 1 Capital Instruments of AmBank.
Table 3.1 outlines the application of the grandfathering provisions in respect of the Additional Tier 1 Capital Instruments of the Group and the Bank.
The Terms and Conditions of the Securities do not limit the amount of liabilities ranking senior or pari passu in priority of payment to the Securities which may be incurred or assumed by the Issuer from time to time, whether before or after the issue date of the Securities nor do they restrict the Issuer in issuing Additional Tier 1 Capital Instruments with other write-down mechanisms or trigger levels or that convert into shares upon a trigger event.
Any redemption of Perpetual Capital Securities intended to qualify as Additional Tier 1 Capital Instruments by the Issuer is subject to the Issuer obtaining the prior written approval of the Monetary Authority.
An insurer’s investments in its own common shares (e.g., treasury stock) and its own Tier 1 Capital Instruments Other than Common Shares, whether held directly or indirectly, are deducted from Gross Tier 1 Capital unless they are already derecognized under IFRS.
For purposes of calculating the limitations set out below, the instruments subject to transition measures set out in sections 2.4.1 and2.4.2 are excluded from Tier 1 Capital Instruments Other than Common Shares, and from Tier 2 capital instruments.
The applicable Pricing Supplement for any Perpetual Capital Securities shall specify if such Perpetual Capital Securities are intended to qualify as Additional Tier 1 Capital Instruments.
The principal amount of the Bonds to be Written-off shall be calculated based on the proportion that the outstanding aggregate principal amount of the Bonds bears to the total outstanding aggregate principal amount or liquidation preference value of all Additional Tier 1 Capital Instruments with the same trigger event (including the Bonds).
The consent or approval of the Bondholders shall not be required for any variation of the terms of the Bonds so that they remain or, as the case may be, become eligible Additional Tier 1 Capital Instruments pursuant to Condition 5(d), or any Write-off of any principal amount or accrued but unpaid Distribution to be made in the circumstances described in Condition 3(c), or any cancellation (in whole or in part) of any Distributions on the Bonds in the circumstances described in Condition 4.