Weighted Average Remaining Maturity definition

Weighted Average Remaining Maturity means, as of any date of determination with respect to all Eligible Contracts included in the Borrower Collateral, the number of years following such date obtained by (i) summing the products obtained by multiplying (a) the remaining maturity measured in months divided by 12 at such time of each such Eligible Contract by (b) the Principal Balance of such Eligible Contract and (ii) dividing such sum by the Aggregate Outstanding Principal Balance of all Eligible Contracts included in the Borrower Collateral on such date.
Sample 1Sample 2Sample 3
Weighted Average Remaining Maturity means, as of any date of measurement, with respect to all of the Eligible Loans included in the Collateral at such time, the number (rounded to the nearest one-tenth (1/10th)) equal to (i) the sum of the products for each such Eligible Loan of (A) the remaining term to maturity (in years, rounded to the nearest month and based upon the initial maturity date of such Eligible Loan) of such Eligible Loan times (B) the Outstanding Loan Balance of such Eligible Loan, divided by (ii) Aggregate Outstanding Loan Balance at such time.
Sample 1Sample 2Sample 3
Weighted Average Remaining Maturity means, with respect to the Notes Receivable included in the Collateral as of any Determination Date, the number equal to (i) the sum of the products for each such Note Receivable of (A) the remaining term to maturity of such Note Receivable (in years, rounded to the nearest one tenth thereof and based upon the initial maturity date of such Note Receivable) times (B) the Outstanding Note Receivable Balance of such Note Receivable divided by (ii) Aggregate Outstanding Note Receivable Balance at such time.
Sample 1Sample 2Sample 3

Examples of Weighted Average Remaining Maturity in a sentence

  • Additionally, institutions may refer to FASB Staff Q&A-Topic 326, No. 1, Whether the Weighted- Average Remaining Maturity Method is an Acceptable Method to Estimate Expected Credit Losses, and FASB Staff Q&A-Topic 326, No. 2, Developing an Estimate of Expected Credit Losses on Financial Assets.

  • Covered employment means employment for which contributions are required to be made on your behalf and allocated to the Fund.

  • A feeder UCITS must submit to the Financial Supervision Authority the application specified in subsection 3, 4 or 5 of this section or the application for liquidation authorisation specified in § 169 of this Act within one month after receipt of information on merger from the feeder UCITS.

  • Credit unions need the following minimum data available for input to calculate the ACL: • Charter Number;• Outstanding balance by loan portfolio segment (Call Report, Schedule A, Section 1, lines 1 through 13);• For individual-evaluated loans, outstanding loan balances and expected collections; and• Qualitative adjustments to net charge-off rates and Weighted Average Remaining Maturity (WARM) factors, as applicable, for each loan portfolio segment.

  • We had a deep dive into the more complicated CECL solutions as well as a general session presented by the Financial Accounting Standards Board (FASB) on a simplistic solution, the Weighted Average Remaining Maturity (WARM) method.This year’s Keynote Speaker was Jay Johnson, Chief Collaboration Officer at Callahan & Associates.

  • The following table summarizes certain characteristics of the Company’s repurchase agreements as of September 30, 2021 and December 31, 2020: September 30, 2021 Repurchase Agreements Amount Outstanding Weighted Average Interest Rate($ in thousands) Weighted Average Remaining Maturity (Days)RMBS489,2870.11 %14Total Although the transactions under repurchase agreements represent committed borrowings until maturity, the lenders retain the right to mark the underlying collateral at fair value.

  • We estimate our CECL reserve primarily using the Weighted Average Remaining Maturity, or WARM method, which has been identified as an acceptable loss-rate method for estimating CECL reserves in the Financial Accounting Standards Board Staff Q&A Topic 326, No. 1.

  • The basic method was to analyze structures susceptible to damages from storm events.

  • Improve inter-agency working to better safeguard and promote the welfare of children and young people If required HAPS will provide an individual management report for a serious case review and will cooperate fully with implementing outcomes of the review including reviewing policy, practice and procedures as required.

  • The Company has selected the WARM (Weighted Average Remaining Maturity) method for their CECL calculation.


More Definitions of Weighted Average Remaining Maturity

Weighted Average Remaining Maturity means, with respect to the Note Receivables included in the Collateral as of any Determination Date, the number equal to (i) the sum of the products for each such Note Receivable of (A) the remaining term to maturity of such Note Receivable (in years, rounded to the nearest one tenth thereof and based upon the initial maturity date of such Note Receivable) times (B) the Outstanding Note Receivable Balance of such Note Receivable divided by (ii) Aggregate Outstanding Note Receivable Balance at such time.
Sample 1Sample 2
Weighted Average Remaining Maturity. Weighted Average CLTV: Minimum/Maximum CLTV: Weighted Average Coupon Rate: Minimum/Maximum Coupon Rate: Other characteristics (specify) CONTISECURITIES ASSET FUNDING CORP. III, as Seller By: ------------------------------------- Authorized Signatory By: ------------------------------------- Authorized Signatory
Sample 1
Weighted Average Remaining Maturity means, as of any date of measurement, with respect to all of the Eligible Loans included in the Collateral at such time, the number (rounded to the nearest one-tenth (1/10th)) equal to (i) the sum of the products for each such Eligible Loan of (A) the remaining term to maturity (in years, rounded to the nearest month and based upon the initial maturity date of such Eligible Loan) of such Eligible Loan times (B) the Outstanding Loan Balance of such Eligible Loan, divided by (ii) Aggregate Outstanding Loan Balance at such time. “Weighted Average Remaining Interest Only Period” means, as of any date of measurement, with respect to all of the Eligible Loans included in the Collateral at such time, the number equal to (i) the sum of the products for each such Eligible Loan of (A) the remaining interest only period of such Eligible Loan times (B) the Outstanding Loan Balance of such Eligible Loan, divided by (ii) Aggregate Outstanding Loan Balance at such time. “Weighted Average Spread” means, as of any date of determination, an amount (rounded to the nearest one-tenth (1/10th) of one percent (1%)) equal to (i) the sum of the products for each such Eligible Loan of (A) the Spread, on an annualized basis, applicable to such Eligible Loan times (B) the Outstanding Loan Balance of such Eligible Loan, divided by (ii) the Aggregate Outstanding Loan Balance at such time. “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In
Sample 1
Weighted Average Remaining Maturity means, as of any date of measurement, with respect to all of the Eligible Loans included in the Collateral at such time, the number (rounded to
Sample 1

Related to Weighted Average Remaining Maturity

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Life to Maturity means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Loan (excluding Defaulted Loans) on an annualized basis, the Spread of such Loans (including commitment, letter of credit and all other fees), by the Outstanding Loan Balance of such Loans as of such date and dividing such sum by the aggregate Outstanding Loan Balance of all such Floating Rate Loans and rounding the result up to the nearest 0.01%; provided that the Spread of any Revolver Loan which is not fully funded shall be the sum of:

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.