Covered positions definition

Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account.6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account. 6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Asset backed commercial paper li- quidity facilities, in form or in substance, in a bank’s trading account are excluded from covered positions, and instead, are subject to the risk-based capital requirements as pro- vided in appendix A of this part.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account.6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Covered positions exclude all posi- tions in a bank’s trading account that, in form or in substance, act as liquidity facili- ties that provide liquidity support to asset- backed commercial paper. Such excluded po- sitions are subject to the risk-based capital requirements set forth in appendix A of this part.

Examples of Covered positions in a sentence

  • Covered positions generally should not be risk weighted as part of the bank's credit risk-weighted assets.

  • Covered positions include all positions in a bank's trading account and foreign exchange and commodity positions, whether or not in the trading account.

  • Covered positions include all positions in a bank's trading account, and all foreign exchange and commodity positions whether or not in the trading account.

  • The Exempt List is a list of all City positions that are exempted from the requirements governing Covered positions ( Shakman-Exempt).

  • Covered positions exclude all positions in the trading account that, in form or substance, act as liquidity facilities that provide liquidity support to asset- backed commercial paper.


More Definitions of Covered positions

Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account. 6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Covered positions exclude all posi- tions in a bank’s trading account that, in form or in substance, act as liquidity facili- ties that provide liquidity support to asset- backed commercial paper. Such excluded po- sitions are subject to the risk-based capital 2 Trading activity means the gross sum of trading assets and liabilities as reported in the bank’s most recent quarterly Consoli- dated Report of Condition and Income (Call Report).3 Total assets means quarter-end total as- sets as reported in the bank’s most recent Call Report.4 A bank that voluntarily complies with the final rule prior to January 1, 1998, must comply with all of its provisions.5 Subject to FDIC review, a bank may ex- clude structural positions in foreign cur- rencies from its covered positions.6 The term trading account is defined in the instructions to the Call Report. Pt. 325, App. C 12 CFR Ch. III (1–1–11 Edition) requirements set forth in appendix A of this part.
Covered positions means Management Trainee (“MGT”), Executive Assistant Manager (“EXA”), Store Manager (“MGR”), Pharmacist (“RPS”), and Pharmacy Manager (“RxM”).
Covered positions means the following hourly-paid positions at the Bank: Customer Sales and Service Representatives (“CSSRs”), Personal Banker 1s (“PB1s”), Personal Banker 2s (“PB2s”), Private/Premier Bankers (“PPBs”), Business Banking Specialists (“BBSs”), and Senior Business Banking Specialists (“SBBSs”).
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether or not in the trading account.6 Positions in- clude on-balance-sheet assets and liabilities and off-balance-sheet items. Securities sub- ject to repurchase and lending agreements are included as if they are still owned by the lender. Asset backed commercial paper li- quidity facilities, in form or in substance, in a bank’s trading account are excluded from covered positions, and instead, are subject to Basle Committee paper entitled ‘‘Amend- ment to the Capital Accord to Incorporate Market Risk,’’ January 1996.2 Trading activity means the gross sum of trading assets and liabilities as reported in the bank’s most recent quarterly Consoli- dated Report of Condition and Income (Call Report).3 Total assets means quarter-end total as- sets as reported in the bank’s most recent Call Report.4 A bank that voluntarily complies with the risk-based capital requirements as pro- vided in appendix A of this part.
Covered positions means all positions in a bank’s trading account, and all foreign ex- change 5 and commodity positions, whether
Covered positions means the positions at EDWARD JONES of Investment Representative, Financial Advisor, and/or salaried or commissioned Financial Advisor Trainee (excluding Trainees paid at an hourly rate).
Covered positions means, collectively, current and former Financial Advisors, Financial Advisor Associates, Senior Financial Advisors, and Private Client Advisors (as those terms are defined below), employed by Defendant or JPMorgan Securities, LLC within Chase Wealth Management.