Deposit Factor definition

Deposit Factor means for any Valuation Date, the initial rate applied by LCH.Clearnet (or any successor clearing house) to repos of the relevant security (i.e. the "Duration Class Parameter" or any successor term), expressed as a percentage.
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Deposit Factor means for any Valuation Date, the initial rate applied by LCH.Clearnet (or any successor clearing house) to repos of the relevant security (i.e. the "Duration Class Parameter" or any successor term), expressed as a percentage. If any debt obligation is not clearable through LCH.Clearnet or any successor, the Deposit Factor shall be deemed to be 94%, if the Bond Collateral is rated above the equivalent of BBB+ by S&P, Moody’s or Fitch, and 90% if the Bond Collateral is rated at or below the equivalent of BBB+ by S&P, Moody’s or Fitch.
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Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 94 per cent.
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Examples of Deposit Factor in a sentence

  • If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 94 per cent.

  • If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 69 per cent.


More Definitions of Deposit Factor

Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 69 per cent. if the Bond Collateral is rated at or above the equivalent of BBB+ by S&P or Fitch or Baa1 by ▇▇▇▇▇’▇, and 65 per cent. if the Bond Collateral is rated below the equivalent of BBB+ by S&P or Fitch or Baa1 by ▇▇▇▇▇’▇.
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Deposit Factor means, at any time, the initial margin rate as most recently observed by the Calculation Agent to be applied by LCH. Clearnet (or any successor clearing house) to repos of the Underlying Collateral (i.e. the “Duration Class Parameter” or any successor term). If the Underlying Collateral is not clearable through LCH. Clearnet or any successor, the Deposit Factor shall be deemed to be 94%, if the Underlying Collateral is rated above the equivalent of BBB+ by S&P, Moody’s or Fitch, and 90% if the Underlying Collateral is rated at or below the equivalent of BBB+ by S&P, Moody’s or Fitch. The Calculation Agent shall observe the initial margin rate applicable to the Underlying Collateral on a regular basis and, in any case, not less than once a month.
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Deposit Factor means, in relation to any Valuation Date, the initial margin applied by LCH.Clearnet (or any successor clearing house) to repurchase agreements of the relevant security, namely the “Duration Class Parameter” of LCH.Clearnet or any successor term. If any Eligible Credit Support which has been transferred pursuant to Paragraph 2(a) is not clearable through LCH.Clearnet or any successor clearing house, the Deposit Factor shall be 94 per cent. if the Bond Collateral is rated above the equivalent of BBB+ by S&P and Fitch and Baa1 by ▇▇▇▇▇’▇, and 90 per cent. if the Bond Collateral is rated at or below the equivalent of BBB+ by S&P or Fitch or Baa1 by ▇▇▇▇▇’▇, provided however, that if the Bond Collateral receives different ratings from the rating agencies mentioned above, the rating considered for the purposes of calculating the Deposit Factor will be the lowest rating given.
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Related to Deposit Factor

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Note Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • NET INVESTMENT FACTOR The Net Investment Factor is an index applied to measure the investment performance of a Subaccount from one Valuation Period to the next. The Net Investment Factor for any Subaccount for any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: