Direct Credit Substitutes definition

Direct Credit Substitutes has the meaning contemplated within the Capital Adequacy Guidelines;
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Direct Credit Substitutes has the meaning contemplated within the guidelines, rules or regulations of the Board of Governors of the Federal Reserve System or the Comptroller of the Currency of the United States, as amended from time to time.
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Direct Credit Substitutes has the meaning contemplated within the Guidelines published March 1993 by the Office of the Superintendent of Financial Institutions Canada on Capital Adequacy Requirements, as same may be amended or replaced from time to time.
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Examples of Direct Credit Substitutes in a sentence

  • Recourse, Direct Credit Substitutes and Positions in Securitizations(a) Definitions.

  • Refer to “Interagency Questions and Answers on Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests in Asset Securitizations,” May 23, 2002; OCC Bulletin 2002-22 (OCC); SR letter 02-16 (Board); Financial Institution Letter (FIL-54-2002) (FDIC); and CEO Letter 163 (OTS).

  • Recourse Obligations, Direct Credit Substitutes, and Certain Other Positions* * * * *(2)(i) Other residual interests.

  • Refer to “Interagency Questions and Answers on Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests in Asset Securitizations,” May 23, 2002; OCC Bulletin 2002-22 (OCC); SR letter 02-16 (Board); Financial Institution Letter (FIL-54-2002) (FDIC); and CEO Letter 163 (OTS).See OCC’s Comptroller Handbook for Asset Securitization, November 1997.

  • Recourse, Direct Credit Substitutes and Positions in Securitizations( a) Definitions.

  • See Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests in Securitizations, Federal Register 66 (230), November 29, 2001, 59614.

  • For a complete description of the appropriate capital treatment for recourse, residual interests, and credit-enhancing interest-only strips, see ‘‘Recourse, Direct Credit Substitutes, and Residual Interests in Asset Securitizations,’’ 66 Fed.

  • Zamorski, “Final Rule to Amend the Regulatory Capital Treatment of Recourse Arrangements, Direct Credit Substitutes, Residual Interests in Asset Securitizations, and Asset-Backed and Mortgage-Backed Securities,” November 29, 2001, http://www.fdic.gov/ news/news/financial/2001/fil0199.html/.

  • In the case of commitments, short-term is defined as one year or less original maturity and long-term is defined as over one year original maturity.5. Recourse, Direct Credit Substitutes, Residual Interests and Mortgage- and Asset- Backed Securities.

  • In this solvency standard, Contingent Liabilities means: contingent liabilities as defined by NZ IAS 37 and Direct Credit Substitutes, to the extent that the Direct Credit Substitute has not been fully recognised on the balance sheet.


More Definitions of Direct Credit Substitutes

Direct Credit Substitutes means Letters which are determined by the Issuing Lender to be “direct credit substitutes” within the meaning of the BIS Guidelines, including, without limitation, standby letters of credit serving as financial guarantees for, or supporting, loans and securities.
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Related to Direct Credit Substitutes

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Selective Router means the equipment necessary for Selective Routing. "Selective Routing" is the automatic routing of 911/E911 calls to the PSAP that has jurisdictional responsibility for the service address of the caller, irrespective of telephone company exchange or Wire Center boundaries. Selective Routing may also be used for other services.

  • Excess Additional Book Basis has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”

  • Administrative cost means a fee imposed to cover:

  • Collateral Substitution has the meaning specified in Section 3.13.

  • Nonrecoverable Property Protection Advance shall have the meaning assigned to the term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Maximum contaminant level means the maximum permissible level of a contaminant in water which is delivered to any user of a public water system.

  • Emission Reduction Credits or “ERC(s)” means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.