Advance Ratio definition

Advance Ratio means, as of any date of determination with respect to any Designated Servicing Agreement, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Nonrecoverable Advance Amount of all Mortgage Loans (other than any Mortgage Loans that generate Receivables that are Loan-Level Receivables or Second-Lien Receivables or any Mortgage Loans that are attributable to Small Threshold Servicing Agreements) serviced pursuant to the related Designated Servicing Agreement on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all Mortgage Loans that are not Delinquent serviced pursuant to the related Designated Servicing Agreement.

Advance Ratio means, as of any date of determination with respect to any Designated Servicing Agreement, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Non-Recoverable Advance Amount on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans serviced under such Designated Servicing Agreement.

Advance Ratio means, as of any date of determination with respect to any Designated Servicing Agreement, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the Stressed Nonrecoverable Advance Amount of all Mortgage Loans (other than any Mortgage Loans that generate Receivables that are Loan-Level Receivables, any Mortgage Loans that generate Receivables that are Second-Lien Receivables or any Mortgage Loans that are attributable to Small Threshold Servicing Agreements) serviced pursuant to the related Designated Servicing Agreement on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans serviced pursuant to the related Designated Servicing Agreement.

Examples of Advance Ratio in a sentence

• The Advance Ratio is expressed as a percentage and applies to the market value of each Eligible Asset.

• Advance Ratio and Eligible Assets• The Advance Ratio is a pre-defined loan ratio assigned to each eligible investment product.

• The FHLB Advance Ratio is only reported for the later period and measures the sum of FHLB advances with a remaining maturity or next re-pricing date of one year or less, one to three years, and over five years divided by total liabilities and minority interest.We use two variables that capture loan accounting discretion on the part of bank management: interest receivables and loan loss reserves.

• Your “Effective Credit Limit" is the aggregate Collateral Value of your Eligible Assets to your loan, capped at the Credit Limit.We calculate the collateral value of your Eligible Assets as the market value of the relevant Eligible Asset multiplied by the Advance Ratio we assign to that Eligible Asset (“Collateral Value”).

• Examples of margin call, liquidation / force sale of collateral and how we work out the Net Margin Ratio (NMR) Healthy situationAssuming that:• your aggregate market value of Eligible Assets is SGD150,000 with a blended Advance Ratio of 60%,• you have then a Credit Limit (and an initial Etfective Credit Limit) of SGD90,000, andHBSP/WEL/WPL005• you draw down SGD80,000The Net Margin Ratio would be calculated as below: *Assuming the current interest rate is 2.5% p.a., the loan holding period is 1 year.

More Definitions of Advance Ratio

Advance Ratio means, as of any date of determination with respect to any Designated Pool, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Nonrecoverable Advance Amount on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans in such Designated Pool, serviced pursuant to the related Designated Servicing Agreement.

Advance Ratio. As of any date of determination with respect to any Designated Servicing Agreement, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Non-Recoverable Advance Amount on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans serviced under such Designated Servicing Agreement.

Advance Ratio means, with respect to any Securitization Financing, the ratio of upfront cash compensation to deferred payments.

Advance Ratio means, as of any date of calculation, a ratio determined by dividing (a) the aggregate amount of all Advances hereunder by (b) the sum of (i) the aggregate Net Purchase Prices for all Asset Portfolios acquired with such Advances plus (ii) the aggregate Net Present Values for all Owned Asset Portfolios as of the date of the Advance with respect to each Owned Asset Portfolio.

Advance Ratio means, as of any date of determination with respect to any Servicing Agreement, the ratio (expressed as a percentage) of (a) the Stressed Non-Recoverable Advance Amount with respect to each mortgage loan serviced under such Servicing Agreement to

Advance Ratio. As of any date of determination with respect to a Securitization Trust, a fraction (expressed as a percentage) the numerator of which is an amount equal to the aggregate Receivable Balance of all Receivables relating to such Securitization Trust on such date and the denominator of which is an amount equal to the aggregate outstanding principal balance of the related Securitization Trust Assets on such date.

Advance Ratio means an amount equal to the quotient of (a) the product of (i) Average Weekly Net Sales, times (ii) 52, times (iii) 75.0%, divided by (b) Net Receivables Balance.