AT1 instrument definition

AT1 instrument means a security (not being shares) commonly known as Additional Tier 1 capital instrument which —
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AT1 instrument means any (directly or indirectly issued) capital instrument of the Issuer that qualifies as additional tier 1 instrument pursuant to Article 52 CRR at the relevant time (including, but not limited to, any capital instrument or other instrument that qualifies as additional tier 1 instrument pursuant to transitional provisions under the CRR).
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AT1 instrument means any capital instrument of the Issuer that qualifies as additional tier 1 instrument pursuant to Article 52 CRR II at the relevant time.
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Examples of AT1 instrument in a sentence

  • The EBA also considered issuances where the issuer included a provision whereby the trigger level of the AT1 instrument could be increased by the issuer at any time.

  • In particular, this is believed to be the only practicable way to ensure that an AT1 instrument is treated as debt under IFRS.

  • Similar to other issues of AT1 instrument in recent years, the proposed securities contribute to the substitution for previous issues of preferred securities that are affected by the progressive disqualification set out in article 486 of CRR.

  • In particular, the EBA has proposed a number of provisions in relation to the form and nature of incentives to redeem, the nature of a write-up of an AT1 instrument following a write-down of the principal amount on a temporary basis, and the procedures and timing surrounding trigger events.

  • The EBA considers that there should be an additional provision in the contract specifying that if there is any issue with the senior instruments and that they are not converted or written down for any reason, this should not prevent the AT1 instrument itself being converted or written down.

  • The EBA considers that there should be an additional provision in the contract specifying that, if there is any issue with the senior instruments and they are not converted or written down for any reason, this should not prevent the AT1 instrument itself from being converted or written down.

  • DocuSign Envelope ID: CF71D737-676A-4A35-983C-6F3470EA84AA This document certifies that on Tuesday, June 8th 2021 at 5:00 p.m., a meeting of the Governing Body of The MASTERS Program, a New Mexico public charter school, was held through a scheduled Zoom Meeting, Meeting ID 973 8188 2708.

  • A reference to prior loss-absorbing instruments where the conversion or write-down of the AT1 instrument is linked to the prior activation of a similar mechanism for other instruments, including senior instruments, can be problematic.

  • It is worth specifying that it would not be possible for an AT1 instrument issued by a subsidiary to only have a trigger based on the consolidated solvency of the parent holding company: the trigger at the level of the issuing entity is mandatory, unless in cases where Article 7 of Regulation (EU) No 575/2013 is applied.

  • It would need to be demonstrated that AT1 instruments with temporary write down features accounted as debt under IFRS would create CET1 for the full amount of the instrument when written down with regard to the CRR provisions requiring that write down or conversion of an AT1 instrument shall, under the applicable accounting framework, generate items that qualify as Common Equity Tier 1 items.


More Definitions of AT1 instrument

AT1 instrument means a security (not being shares) commonly known as Additional Tier 1 capital
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AT1 instrument means any (directly or indirectly issued) capital instrument of the Issuer that qualifies as an additional tier 1 instrument pursuant to Article 52 CRR at the relevant time.
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AT1 instrument means any (directly or indirectly issued) capital instrument of the Issuer that qualifies as additional tier 1 instrument pursuant to Article 52 CRR II at the relevant time (including, but not limited to, any capital instrument or other instrument that qualifies as additional tier 1 instrument pursuant to transitional provisions under the CRR II). No Holder may set off his claims arising under the Notes against any claims of the Issuer. No collateral or guarantee is or shall at any time be provided to secure claims of the Holders under the Notes. Any collateral or guarantee already provided or granted in the future (as the case may be) in connection with other liabilities of the Issuer may not be used for claims under the Notes. Furthermore, the Holders will have limited ability to influence the outcome of any insolvency proceeding or a restructuring outside insolvency. In the course of insolvency proceedings over the assets of the Issuer, the Holders will not have any right to vote in the assembly of creditors (Gläubigerversammlung). Accordingly, the Holders may only affect the outcome of a restructuring to a very limited extent. Therefore, in the event of the dissolution, liquidation, insolvency or composition, or any other proceedings for the avoidance of insolvency, there is a significant risk that a Holder of Notes will lose all or some of its investment. The Terms and Conditions of the Notes in relation to payments of principal or interest include the conditions that, on the date on which the relevant amount of principal or interest is scheduled to be paid,
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Related to AT1 instrument

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Trust instrument means this Agreement and Declaration of Trust as the same may be amended and restated from time to time.

  • Tier 1 Instruments means any and all (i) securities or other obligations (other than Tier 1 Shares) issued by UBS Group AG or (ii) shares, securities, participation securities or other obligations (other than Tier 1 Shares) issued by a subsidiary of UBS Group AG and having the benefit of a guarantee, credit support agreement or similar undertaking of UBS Group AG, each of which shares, securities, participation securities or other obligations described in clauses (i) and (ii) of this definition qualify, or are issued in respect of a security that qualifies, as Tier 1 Capital of the Group and/or UBS Group AG (without regard to quantitative limits on such capital) on a consolidated (Finanzgruppe) or on an unconsolidated (Einzelinstitut) basis.

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Reference Instrument means Natural Gas (Henry Hub) Future.Currency: USDISIN: US12573E1010Bloomberg Symbol: NG1 Comdty

  • Dangerous instrument means any instrument, article or substance which, under the circumstances in which it is used or attempted or threatened to be used, is capable of causing death or serious physical injury, and includes a "vehicle" or a dog that has been commanded to attack.

  • Debt Instrument means any loan, bond, debenture, promissory note or other instrument evidencing indebtedness (demand or otherwise) for borrowed money or other liability;

  • Tier 2 Instruments means at any time tier 2 instruments as interpreted and applied in accordance with the Applicable Banking Regulations;

  • Assessment instrument means the form provided for under the Supported Wage System that records the assessment of the productive capacity of the person to be employed under the Supported Wage System.

  • Trade Instruments means any performance bonds, or advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Material Debt Instrument means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

  • the previous Instrument of Government means the Instrument of Government relating to the Corporation which had effect immediately before 1st January 2008;

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit Q, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Long Derivative Instrument means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Series Instrument means the series instrument of the Trust, pursuant to which the Administrative Services Agreement, the Coordination Agreement, the Name Licensing Agreement, the Support Agreement, the Terms Agreement and the Trust Agreement are entered into, and certain other documents are executed, in connection with the issuance of the Notes by the Trust.

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Amendment No. 5 means Amendment No. 5 to this Agreement dated as of August 7, 2020, by and among the Borrower, Holdings, the other Loan Parties party thereto, the Extending Revolving Credit Lenders party thereto, and the Administrative Agent.

  • Amendment No. 2 means Amendment No. 2 to this Agreement, dated as of the Amendment No. 2 Effective Date, by and among the Loan Parties, the L/C Issuers, the Former Administrative Agent, the Former Collateral Agent, the New Administrative Agent, the New Collateral Agent, the Amendment No. 2 Additional Lender and the other Lenders party thereto.

  • Amendment No. 8 means Amendment No. 8, dated as of March 31, 2017, to this Agreement.