Current Margin definition
Current Margin means, with respect to any date, the difference between (i) the aggregate Market Value of all Purchased Loans held by the Buyer on such date and (ii) the aggregate Purchase Price paid by the Buyer for all Purchased Loans held by the Buyer on such date.
Current Margin shall have the meaning ascribed to it in Section 5(b) hereof.
Current Margin means in respect of the Issue Date, the Initial Current Margin and in respect of any subsequent calendar day, an amount determined by the Issuer having regard to the Financing Level Currency, prevailing market conditions and such other factors as the Issuer determines appropriate in its sole discretion and in respect of any Calculation Period may be reset on each Reset Date, at the discretion of the Issuer, subject to it not exceeding the Maximum Current Margin.
Examples of Current Margin in a sentence
Notices of Current Margin Amount and Market Value..............................................
Any increase in the amount of the Current Margin will be due and payable immediately.
More Definitions of Current Margin
Current Margin means the difference, expressed in basic points, between (a) yield-to-maturity of the Mexican Bond published in page BTMMMX (go) of the Bloomberg information system and (b) yield-to-maturity of the series of United States Treasury Bonds published in page PX1 (go) of the Bloomberg information system with maturity date closer to the Mexican Bond, at the close of any Banking Business Day.