Examples of Designated Loans in a sentence
Determining When Certain Loans Are Designated Loans for Which Flood Insurance Is Required Under the Act and RegulationInsurable value.
As a result, the Designated Loans do not meet the derecognisation requirements and are therefore recognized in the financial statements even though they have been legally sold.
Under the current arrangement, all the Designated Loans sold are for a maturity period of not more than 12 months.
Under this arrangement, the Trust purchases the Designated Loans from BRAC and in turn, finances the purchase of the Designated Loans by issuing asset backed securities.
Apart from the sale of the Designated Loans, BRAC is also obligated to ensure that collateral represented by other microfinance loan receivables (“Collateral Loans”) valued at not less than 50% of the Designated Loan outstanding balance, is maintained as additional security for the financing arrangement.