Debt Core Collateral Rate definition

Debt Core Collateral Rate shall be determined pursuant to the following table, based on the credit rating of the Issuer, using the lower of the S&P or Xxxxx’x long term debt rating as shown below; provided, that (i) if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used and (ii) if there is no such rating, then the Debt Core Collateral Rate shall be 60%. S& P’s Rating Xxxxx’x Rating Debt Core Collateral Rate AAA to A- Aaa to A3 30% BBB+ to BBB- Baa1 to Baa3 40% BB+ to B- Ba1 to B3 60% CCC+ to CCC- Caa1 to Caa3 100% Below CCC- or defaulted Below Caa3 or defaulted 100%
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Debt Core Collateral Rate shall be based on the credit quality of the Issuer as set forth below. The lower of the S&P or Xxxxx’x rating as shown below will be used to determine the credit quality of the Issuer; provided, that if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used. S& P’s Rating Xxxxx’x Rating Debt Core Collateral Rate AAA to A- Aaa to A3 50% BBB+ to BBB- Baa1 to Baa3 50% BB+ to B- / NR Ba1 to B3 / NR 75% CCC+ to CCC- Caa1 to Caa3 100% Below CCC- or defaulted Below Caa3 or defaulted 100% • Debt Concentration Factor
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Debt Core Collateral Rate shall be based on the credit quality of the Issuer as set forth below. The lower of the S&P or Moody's rating as shown below will be used to determxxx xxx credit quality of the Issuer; provided, that if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used. -------------------------- ---------------------------- ------------------ DEBT CORE S&P'S RATING MOODY'S RATING COLLATERAL RATE -------------------------- ---------------------------- ------------------ AAA to A- Aaa to A3 50% -------------------------- ---------------------------- ------------------ BBB+ to BBB- Baa1 to Baa3 50% -------------------------- ---------------------------- ------------------ BB+ to BB- Ba1 to Ba3 75% -------------------------- ---------------------------- ------------------ B+ to B- / NR B1 to B3 / NR 75% -------------------------- ---------------------------- ------------------ CCC+ to CCC- Caa1 to Caa3 100% -------------------------- ---------------------------- ------------------ Below CCC- or defaulted Below Caa3 or defaulted 100% -------------------------- ---------------------------- ------------------
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Examples of Debt Core Collateral Rate in a sentence

  • The Collateral Percentage for a Position consisting of applicable Debt Securities shall be the sum of (A) the Debt Core Collateral Rate and (B) the product of (1) the Debt Core Collateral Rate and (2) the Debt Concentration Factor.

  • The Collateral Percentage for a Position consisting of applicable Debt Securities shall be the sum of (A) the Debt Core Collateral Rate and (B) the product of (1) the Debt Core Collateral Rate and (2) the sum of the Debt Concentration Factor and the Debt Liquidity Adjustment; provided that the Collateral Percentage for any debt security which trades below 40% of its nominal value shall be 100%.

  • The Collateral Percentage for a Position consisting of applicable Debt Securities shall be the sum of (x) the Debt Core Collateral Rate and (y) the product of (i) the Debt Core Collateral Rate and (ii) the sum of the Debt Concentration Factor, the Debt Liquidity Adjustment, and the Country Concentration Factor, provided that the Collateral Percentage for any debt security trading below 40% of its nominal value shall be 100%.

  • The Collateral Percentage for a Position consisting of applicable Debt Securities shall be the sum of (A) the Debt Core Collateral Rate and (B) the product of (1) the Debt Core Collateral Rate and (2) the sum of the Debt Concentration Factor and the Debt Liquidity Adjustment; provided that the Collateral Percentage for any debt security which trades below 40% of its par value shall be 100%.

  • The Collateral Percentage for a Position consisting of (a) U.S. Government Securities shall be 6% and (b) all other applicable Debt Securities shall be the sum of (i) the Debt Core Collateral Rate and (ii) the product of (A) the Debt Core Collateral Rate and (B) the sum of the Debt Concentration Factor and the Debt Liquidity Adjustment; provided that the Collateral Percentage for any debt security which trades below 40% of its nominal value shall be 100%.


More Definitions of Debt Core Collateral Rate

Debt Core Collateral Rate shall be based on the credit quality of the Issuer as set forth below. The lower of the S&P or Xxxxx’x rating as shown below will be used to determine the credit quality of the Issuer; provided, that if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used. With the following paragraph:
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Debt Core Collateral Rate shall be determined pursuant to the following table using the lower of the S&P or Xxxxx’x rating as shown below; provided, that if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used.
Sample 1Sample 2
Debt Core Collateral Rate shall be (i) for Treasury Securities, 15%, and (ii) for all other Debt Securities, as determined pursuant to the following table, using the lower of the S&P or Xxxxx’x long term debt rating as shown below; provided, that (i) if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used, and (ii) if there is no such rating, then the Debt Core Collateral Rate shall be 40%. S& P’s Rating Xxxxx’x Rating Debt Core Collateral Rate AAA to A- Aaa to A3 20% BBB+ to BBB- Baa1 to Baa3 20% BB+ to BB- Ba1 to Ba3 30% B+ to B- / NR B1 to B3 / NR 40% CCC+ to CCC- Caa1 to Caa3 60%
Sample 1
Debt Core Collateral Rate shall be based on the credit quality of the Issuer as set forth below. The lower of the S&P or Xxxxx’x rating as shown below will be used to determine the credit quality of the Issuer; provided, that if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used. S&P / Xxxxx’x Rating Debt Core Collateral Rate A- & above / A3 & above 10% XXX+, XXX, XXX- / Xxx0, Xxx0, Baa3 12% XX+, XX, XX- / Xx0, Xx0, Ba3 15% X+, X, X- / X0, X0, X0 20% Not Rated 25% XXX+, XXX, XXX- / Xxx0, Xxx0, Caa3 30% Below CCC- / below Caa3 or any Defaulted Debt Security 70%
Sample 1
Debt Core Collateral Rate shall be determined pursuant to the following table, based on the credit rating of the Issuer, using the lower of the S&P or Moody's long-term debt rating as shown below; provided, that (i) if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used and (ii) if there is no such rating, then the Debt Core Collateral Rate shall be 60%. ---------------------------------------------------------------------------------------- S&P RATING MOODY'S RATING DEBT CORE COLLATERAL RATE ---------------------------------------------------------------------------------------- BB- or higher Ba3 or higher 30% ---------------------------------------------------------------------------------------- B+ to B- B1 to B3 40% ---------------------------------------------------------------------------------------- CCC+ to CCC- Caa1 to Caa3 60% ----------------------------------------------------------------------------------------
Sample 1
Debt Core Collateral Rate shall be (i) for Treasury Securities, 20%, and (ii) for all other Debt Securities, as determined pursuant to the following table, based on the credit rating of the Issuer, using the lower of the S&P or Moody’s long term debt rating as shown below; provided that (I) if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used, (II) if there is no such rating, then the Debt Core Collateral Rate shall be 40%, and (III) to the extent the Gross Market Value of all positions with a long term debt rating of CCC+ to CCC- by S&P or Caa1 to Caa3 by Moody’s exceeds 30% of the Portfolio Gross Market Value, any Positions in excess of such 30% shall have a Debt Core Collateral Rate of 60% (and BNPP PB, Inc. shall determine in its sole discretion which specific securities shall be considered to be in excess of such 30%). S& P’s Rating Xxxxx’x Rating Debt Core Collateral Rate AAA to A- Aaa to A3 20% BBB+ to BBB- Baa1 to Baa3 20% BB+ to BB- Ba1 to Ba3 30% B+ to B- / NR B1 to B3 / NR 40% CCC+ to CCC- Caa1 to Caa3 50%
Sample 1
Debt Core Collateral Rate shall be (i) for Treasury Securities, 10%, and (ii) for all other Debt Securities, as determined pursuant to the following table, using the lower of the S&P or Xxxxx’x rating as shown below; provided, that (A) if there is only one such rating, then the Debt Core Collateral Rate corresponding to such rating shall be used and (B) if there is no such rating, then the Debt Core Collateral Rate shall be 50%. S& P’s Rating Xxxxx’x Rating Debt Core Collateral Rate AAA to A- Aaa to A3 10% BBB+ to BBB- Baa1 to Baa3 20% BB+ to BB- Ba1 to Ba3 30% B+ to B- B1 to B3 40% CCC+ to CCC- / NR Caa1 to Caa3 /NR 50% Below CCC- / any Defaulted Debt Security Below Caa3 / any Defaulted Debt Security 70%
Sample 1