Traded position means a positionthat is externally rated, and is retained, assumed, or issued in connection with an asset securitization, where there is a reasonable expectation that, in the near future, the rating will be relied upon by unaffiliated investors to purchase the position; or an unaffiliated third party to enter into a transaction involving the position, such as a purchase, loan, or repurchase agreement.b. Credit equivalent amounts and riskweight of recourse obligations and direct credit substitutes. i. Credit equivalent amount. Except as otherwise provided in sections III.B.3.c. through f. andIII.B.5. of this appendix, the credit- equivalent amount for a recourse obligation or direct credit substitute is the full amount of the credit-enhanced assets for which the bank holding company directly or indirectly retains or assumes credit risk multiplied by a 100 percent conversion factor.ii. Risk-weight factor. To determine the bank holding company’s risk-weight factor for off-balance sheet recourse obligations and direct credit substitutes, the credit equivalent amount is assigned to the risk category appropriate to the obligor in the underlying transaction, after considering any associated guarantees or collateral. For a direct credit substitute that is an on-balance sheet asset (e.g., a purchased subordinated security), a bank holding company must calculate risk-weighted assets using the amount of the direct credit substitute and the full amount of the assets it supports, i.e., all the more senior positions in the structure. The treatment of direct credit substitutes that have been syndicated or in which risk participations have been conveyed or acquired is set forth in section III.D.1 of this appendix.c. Externally-rated positions: credit- equivalent amounts and risk weights of recourse obligations, direct credit substitutes, residual interests, and asset- and mortgage-backed securities (including asset-backed commercial paper)—i. Traded positions. With respect to a recourse obligation, direct credit substitute, residual interest (other than a credit-enhancing I/Ostrip) or asset- and mortgage-backed security (including asset-backed commercial paper) that is a traded position and that has received an external rating on along-term position that is one grade below investment grade or better or a short-term rating that is investment grade, the bank holding company may multiply the face amount of the position by the appropriate risk weight, determined in accordance...
Traded position means a positionretained, assumed or issued in connection with a securitization that is externally rated, where there is a reasonable expectation that, in the near future, the rating will be relied upon by:
Traded position means a positionor asset-backed security retained, assumed or issued in connection with a securitization that is externally rated, where there is a reasonable expectation that, in the near future, the rating will be relied upon by:
Examples of Traded position in a sentence
Structured financing programs allocate credit risk, generally, between the participants and credit enhancement provided to the program.* * * * *Traded position.
Traded position means a position that is externally rated and is retained, assumed, or issued in connection with an asset securitization, where there is a reasonable expectation that, in the near future, the rating will be relied upon by unaffiliated investors to purchase the position; or an unaffiliated third party to enter into a transaction involving the position, such as a purchase, loan, or repurchase agreement.
Remove the definition of Traded position from paragraph I(b);■ b.
All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission and electronic mail transmission, so long as a receipt of such electronic mail is requested and received) and shall be given, if to Buyer or Buyer Guarantor, to: CMOC Limited c/o CMOC Mining USA Ltd.
Traded position means a position that is externally rated, and is retained, assumed, or issued in connection with an asset securitization, where there is a reasonable expectation that, in the near future, the rating will be relied upon by unaffiliated investors to purchase the position; or an unaffiliated third party to enter into a transaction involving the position, such as a purchase, loan, or repurchase agreement.
More Definitions of Traded position
Traded position means a position that is externally rated and is retained, assumed or issued in connection with an asset securitization, where there is a reasonable expectation that, in the near future, the rat- ing will be relied upon by unaffiliated inves- tors to purchase the position; or an unaffili- ated third party to enter into a transaction involving the position, such as a purchase, loan, or repurchase agreement.(b) Credit equivalent amounts and risk weights of recourse obligations and direct credit substitutes—(1) General rule for determining the credit-equivalent amount. Except as otherwise provided, the credit-equivalent amount for a recourse obligation or direct credit sub- stitute is the full amount of the credit-en- hanced assets for which the bank directly or indirectly retains or assumes credit risk multiplied by a 100% conversion factor. Thus, a bank that extends a partial direct credit substitute, e.g., a financial standby letter of credit that absorbs the first 10 per- cent of loss on a transaction, must maintain capital against the full amount of the assets being supported.(2) Risk-weight factor. To determine the bank’s risk-weighted assets for an off-bal- ance sheet recourse obligation or a direct credit substitute, the credit equivalent amount is assigned to the risk category ap- propriate to the obligor in the underlying transaction, after considering any associated guarantees or collateral. For a direct credit substitute that is an on-balance sheet asset, e.g., a purchased subordinated security, a bank must calculate risk-weighted assets using the amount of the direct credit sub- stitute and the full amount of the assets it supports, i.e., all the more senior positions in the structure. The treatment covered in this paragraph (b) is subject to the low-level ex- posure rule provided in section II.B.5(h)(1) of this appendix A.
Traded position means a recourse obligation, direct credit substitute, or asset- or mortgage-backed security that is retained, assumed, or issued in connection with an asset securitization and that is rated with a reasonable expectation that, in the nearfuture:
Traded position means a recourse obligation, direct credit substitute or asset- backed security retained, assumed or issued in connection with a securitization that is externally rated, where there is an expectation that, in the near future, the rating will be relied upon by:
Traded position means a position re- tained, assumed or issued in connection with a securitization that is externally rated, where there is a reasonable expectation that, Pt. 3, App. A 12 CFR Ch. I (1–1–08 Edition) in the near future, the rating will be relied upon by:
Traded position means a position that is externally rated and is retained, assumed, or issued in connection with an asset securitization, where there is a reasonable expectation that, in the near future, the rating will be relied upon by unaffiliated investors to purchase the position; or an unaffiliated third party to enter into a transaction involving the position, such as a purchase, loan, or repurchase agreement.* * * * *g. Early Amortization Triggers. i. A bank holding company that originates securitizations of revolving retail credit facilities that contain early amortization triggers must incorporate the off-balance sheet portion of such a securitization (that is, the investors’ interest) into the bank’s risk- weighted assets by multiplying the outstanding principal amount of the investors’ interest by the appropriate credit conversion factor and then assigning the resultant credit equivalent amount to the appropriate risk weight category. The credit conversion factor to be applied to such a securitization generally is a function of the securitization’s most recent three-month average excess spread level, the point at which excess spread in the securitization must be trapped in a spread or reserve account, and the excess spread level at which an early amortization of the securitization is triggered.ii. In order to determine the appropriate credit conversion factor to be applied to the outstanding principal balance of the investors’ interest, the originating bank holding company must compare the securitization’s most recent three-month average excess spread level against the difference between the point at which the organization is required by the securitization documents to divert and trap excess spread (spread trapping point) in a spread or reserve account and the excess spread level at which early amortization of the securitization is triggered (early amortization trigger). The difference between the spread trapping point and the early amortization trigger is referred to as the excess spread differential (ESD). InFederal Register / Vol. 68, No. 190 / Wednesday, October 1, 2003 / Proposed Rules56581 a securitization of revolving retail credit facilities that employs the concept of excess spread to determine when an early amortization is triggered but where the securitization’s transaction documents do not require excess spread to be diverted to a spread or reserve account at a certain level, the ESD is deemed to be 4.5 percentage points.iii. If a securitization of...
Traded position means a recourse obligation, direct credit substitute, orasset- or mortgage-backed security that is retained, assumed or issued inconnection with an asset securitization, and that was rated with a reasonableexpectation that, in the near future:
Traded position means a position or asset-backed security retained, assumed or issued in connection with a securitization that is externally rated, where there is a rea- sonable expectation that, in the near future, the rating will be relied upon by: