Fully collateralized definition

Fully collateralized means secured by marketable securities acceptable to the Inspector and cash deposits, including certificates of deposit and equivalent instruments, held with the specific right of offset by and under the exclusive administration of the licensee, where repayment of the deposit is conditional on the repayment of the related extension(s) of credit. Such collateral must have a market value equal to at least one hundred percent of the extension of credit. The licensee would have to show it has the ability and that it will regularly mark these securities to market during the loan and take immediate action if this valuation shows a shortfall of collateral.
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Fully collateralized means, in respect of a transaction mentioned in paragraph 1 of Schedule 5, that such transaction meets the criteria in paragraphs 2 to 4 of Schedule 5;
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Fully collateralized means MTM changes are fully offset by variation margin. This also applies to cases where the MTM is settled (i.e. a settlement payment).
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Examples of Fully collateralized in a sentence

  • Fully collateralized repurchase agreements permitted by Gov- ernment Code 2256.011.

  • Fully collateralized repurchase agreements permitted by Government Code 2256.011.

  • Fully collateralized direct repurchase agreements with a defined termination date secured by obligations of the United States or its agencies and instrumentalities.

  • Fully collateralized repurchase agreements, as expressly de- fined in Section 2256.011, Texas Government Code.

  • Fully collateralized direct security repurchase agreements and reverse security repurchase agreements in accordance with the conditions prescribed in Section 2256.011 of the Act.

  • Fully collateralized repurchase agreements with a defined termination date executed with a primary dealer as defined by the Federal Reserve or a financial institution doing business in this state, and that are authorized investments under Section 2256.011 of the Public Funds Investment Act.

  • Fully collateralized repurchase agreements and reverse purchase agreements that are expressly defined in the Public Funds Investment Act as enacted or as it may be amended from time to time.

  • Fully collateralized certificates of deposit that are also FDIC insured.

  • Fully collateralized certificates of deposit issued by qualified commercial banks and savings and loan associations located within the State of Louisiana.

  • Fully collateralized repurchase agreements in accordance with the conditions prescribed in Section 2256.011 of the Act.


More Definitions of Fully collateralized

Fully collateralized means, in relation to any Letter of Credit, that the Collateral Value allocated to such Letter of Credit in accordance with this Agreement equals or exceeds the L/C Obligations with respect to such Letter of Credit.
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Fully collateralized means that the value of the collateral security is, and during the entire term of the agreement remains, at least equal to the amount of the “loan” including accrued interest.
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Fully collateralized means that throughout the term of the securities lending arrangement the borrower provided collateral (cash or government debt securities only) with a value not less than 95% of the value of the loaned shares
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Related to Fully collateralized

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if the refunding obligation meets both of the following:

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.