Corporate Debt Securities means corporate debt securities (including convertible preferred securities) if (i) such securities are rated B3 or higher by Moody’s; (ii) such securities provide for the periodic payment of interest in cash in U.S. dollars or euros, except that such securities that do not pay interest in U.S. dollars or euros shall be considered Eligible Assets if they are rated by Moody’s or S&P or Fitch; (iii) in the case of corporate debt securities which provide for conversion or exchange into equity capital at some time over their lives, the issuer of such securities is rated at least B3 by Moody’s; (iv) such securities have been registered under the Securities Act, or are restricted as to resale under federal securities laws but are eligible for resale pursuant to Rule 144A under the Securities Act, as determined by the Fund’s investment manager or portfolio manager acting pursuant to procedures approved by the Board of Directors, except that such securities that are not subject to U.S. federal securities laws shall be considered Eligible Assets if they are publicly traded; and (v) such securities are not subject to extended settlement. In addition, if any issue of corporate debt securities is rated Ba1 or below, no more than 10% of the original amount of such issue may constitute Eligible Assets. Notwithstanding the foregoing, (i) corporate debt securities not rated at least B3 by Moody’s or not rated by Moody’s shall be considered to be Eligible Assets only to the extent the Market Value of such corporate debt securities does not exceed 10% of the aggregate Market Value of all Eligible Assets; provided, however, that if the Market Value of such corporate debt securities exceeds 10% of the aggregate Market Value of all Eligible Assets, a portion of such corporate debt securities (selected by the Fund) shall not be considered Eligible Assets, so that the Market Value of such corporate debt securities (excluding such portion) does not exceed 10% of the aggregate Market Value of all Eligible Assets; and (ii) corporate debt securities rated by neither Moody’s nor S&P nor Fitch shall be considered to be Eligible Assets only to the extent such securities are issued by entities which (A) have not filed for bankruptcy within the past three years, (B) are current on all principal and interest in their fixed income obligations, (C) are current on all preferred stock dividends, and (D) possess a current, unqualified auditor’s report without qualified, explanatory language.
Corporate Debt Securities means debt securities issued by Persons which are domiciled in the United States or any State or other political subdivision thereof and which are not individuals or governmental entities.
Corporate Debt Securities shall have the meaning set forth in paragraph (4) of the definition of "Fitch Eligible Assets."
Examples of Corporate Debt Securities in a sentence
Presently in India, G-Secs, State Government Securities, T-Bills and Corporate Debt Securities are eligible for Repo/Reverse Repo.
The scheme shall participate in repo transactions in Corporate Debt Securities within the following overall framework, as per the guidelines of Securities and Exchange Board of India and Boards of UTI Trustee Co Pvt.
Permitted securities under a repo/ reverse repo agreement (other than Corporate Debt Securities) Investment in debt securities will usually be in instruments, which have been assessed as "high investment grade" by at least one credit rating agency authorised to carry out such activity under the applicable regulations.
Participation in Repo in Corporate Debt Securities is subject to the following restriction: • Gross exposure to corporate bond repo transaction should be not more than 10% of the net asset of the scheme.
The Scheme may undertake repo / reverse repo transactions in Corporate Debt Securities and such other transactions in accordance with guidelines issued by SEBI from time to time.
More Definitions of Corporate Debt Securities
Corporate Debt Securities means debt securities issued by Persons which are domiciled in the United States or any State or other political subdivision thereof and which are not individuals or governmental entities. “Co-Syndication Agents” means, collectively, U.S. Bank National Association and Xxxxx Fargo Bank, National Association. “Covered Entity” has the meaning specified in Section 10.23. “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 7 13227198v7 27112.00011
Corporate Debt Securities means any fixed or floating rate high yield bonds or investment grade bonds.
Corporate Debt Securities means debt securities issued by Persons which are domiciled in the United States or any State or other political subdivision thereof and which are not individuals or governmental entities. “Co-Syndication Agents” means, collectively, U.S. Bank National Association and Xxxxx Fargo Bank, National Association. “Covered Entity” has the meaning specified in Section 10.24. “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.
Corporate Debt Securities. Corporate debt securities shall mean non-convertible debt securities, including debentures, bonds and such other securities of a company or a body corporate constituted by or under a Central or State Act, whether constituting a charge on the assets of the company or body corporate or not, but does not include debt securities issued by Government. “Custodian” A person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Regulations 1996, which for the time being is Citibank NA. “Depository” Depository as defined in the Depositories Act, 1996 (22 of 1996) and in this SID refers to the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). “Depository Participants” Depository Participant (DP) means a person registered as such under sub- section (1A) of section 12 of the SEBI Act, 1992. “Distributor” Such persons/firms/ companies/ corporates who fulfill the criteria laid down by SEBI / AMFI from time to time and empaneled by the AMC to distribute / sell /market the schemes of the Fund. “Exit Load” Load on Redemption / Repurchase / Switch out Units. "Fixed Income Securities" Debt Securities created and issued by, inter alia, Central Government, State Government, Local Authorities, Municipal Corporations, PSUs, Public Companies, Private Companies, Bodies Corporate, Unincorporated SPVs and any other entities which may be recognized / permitted which yield a fixed or variable rate by way of interest, premium, discount or a combination of any of them. “Foreign Portfolio Investor” or“FPI” Means a person who satisfies the eligibility criteria prescribed under regulation 4 of SEBI (Foreign Portfolio Investors) Regulations, 2014 and has been registered under Chapter II of these regulations, which shall be deemed to be an intermediary in terms of the provisions of the Securities and Exchange Board of India Act, 1992.Provided that any foreign institutional investor or qualified foreign investor who holds a valid certificate of registration shall be deemed to be a foreign portfolio investor till the expiry of the block of three years for which fees havebeen paid as per the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995. “Fund Manager” Person/s managing the scheme. “Gilt orGovernment Securities” Securities created and issued by the Central Government and/or a S...
Corporate Debt Securities. The percentage determined by reference to the rating on such asset with reference to the remaining term to maturity of such asset, in accordance with the table set forth below. Xxxxx'x Rating Category Term to Maturity of Corporate Debt Security Aaa Aa A Baa Ba B Unrated/1/ ----------------------- --- -- - --- -- - ------- 1 year or less ............................... 109% 112% 115% 118% 119% 125% 225% 2 years or less (but longer than 1 year) ..... 115 118 122 125 127 133 225 3 years or less (but longer than 2 years) .... 120 123 127 131 133 140 225 4 years or less (but longer than 3 years) .... 126 129 133 138 140 147 225 5 years or less (but longer than 4 years) .... 132 135 139 144 146 154 225 7 years or less (but longer than 5 years) .... 139 143 147 152 156 164 225 10 years or less (but longer than 7 years) ... 145 150 155 160 164 173 225 15 years or less (but longer than 10 years) .. 150 155 160 165 170 180 225 20 years or less (but longer than 15 years) .. 150 155 160 165 170 190 225 30 years or less (but longer than 20 years) .. 150 155 160 165 170 191 225 Greater than 30 years ........................ 165 173 181 189 205 221 225 ------------ /1/ Unrated securities (securities rated by neither Moody's nor S&P) are limited to 10% of discounted Moody's Eligible Assets. If a corporate debt security is unrated by Moody's but is rated by S&P, a rating two numeric ratings below the S&P rating will be used (e.g., where the S&P rating is AAA, a Xxxxx'x rating of Aa1 will be used; where the S&P rating is AA+, a Xxxxx'x rating of Aa3 will be used). If a corporate debt security is unrated by both Moody's and S&P, the Trust will use the percentage set forth under "Unrated" in this table. The Moody's Discount Factors presented in the immediately preceding table will also apply to Moody's Eligible Assets that are FHLB, FNMA and FFCB Debentures and to rated TRACERs, whereby the ratings in the table will be applied to the underlying securities and the Market Value of each underlying security will be its proportionate amount of the Market Value of the TRACER. The Moody's Discount Factors presented in the immediately preceding table will also apply to corporate debt securities that do not pay interest in U.S. dollars or euros, provided that the Moody's Discount Factor determined from the table shall be multiplied by a factor of 110% for purposes of calculating the Discounted Value of such securities.
Corporate Debt Securities. Corporate debt securities shall mean non-convertible debt securities, including debentures, bonds and such other securities of a company or a body corporate constituted by or under a Central or State Act, whether constituting a charge on theassets of the company or body corporate or not, but does not include debt securities issued by Government. “Custodian” A person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Regulations 1996, which for the time being is Citibank NA. “Depository” Depository as defined in the Depositories Act, 1996 (22 of 1996) and in this SID refers to the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). “DepositoryParticipants” Depository Participant (DP) means a person registered as such under sub-section (1A) of section 12 of the SEBI Act, 1992. “Distributor” Such persons/firms/ companies/ corporates who fulfill the criteria laid down by SEBI / AMFI from time to time and empanelled by the AMC to distribute / sell /market theschemes of the Fund. “Entry Load” or “Sales Load” Load on Sale / Switch in of Units. However, in terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load shall be charged by the Scheme to the investor. "Equity related instruments" Equity related instruments would include convertible bonds, convertible debentures,convertible preference shares, warrants carrying the right to obtain equity shares and any other like instrument. “Equity and EquityLinked Instruments” Equity related securities include convertible debentures, equity warrants, convertible preference shares, etc. “Exit Load” or“Redemption Load” Load on Redemption / Repurchase / Switch out Units. "Fixed Income Securities" Debt Securities created and issued by, inter alia, Central Government, State Government, Local Authorities, Municipal Corporations, PSUs, Public Companies, Private Companies, Bodies Corporate, Unincorporated SPVs and any other entities which may be recognized /permitted which yield a fixed or variable rate by way of interest, premium, discount or a combination of any of them. “Floating Rate Instruments” Floating rate instruments are debt / money market instruments issued by Central / State Governments, with interest rates that are reset periodically. The periodicity of interest reset could be daily, monthly, annually or any oth...
Corporate Debt Securities means debt securities issued by Persons which are domiciled in the United States or any State or other political subdivision thereof and which are not individuals or governmental entities. “Co-Syndication Agents” means, collectively, Regions Bank, Truist Bank and Xxxxx Fargo Bank, National Association. “Covered Entity” has the meaning specified in Section 10.24. “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. “Credit Party” has the meaning specified in Section 9.12. “Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source). “Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Xxxxx’x (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior