Discount Margin definition

Discount Margin means the margin relative to the base index rate such that the present value cash flow equals the price of the Reference Obligation plus accrued interest calculated on the basis of the price, coupon, expected maturity and expected amortisation profile as determined by the Swap Counterparty and agreed by the Investment Manager on the Portfolio Effective Date or the date of each Completed Trade in respect of any Removed Reference Obligation;
Discount Margin means the Term SOFR (hereinafter, the “Benchmark Rate”) plus the Credit Spread: provided that if the Benchmark Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purpose of this Agreement.
Discount Margin means, for each Account Debtor, the rate per annum set forth in the Fee Letter.

Examples of Discount Margin in a sentence

  • This model should allow the calculation of basic tranche-level outputs: the Weighted-Average Life (WAL), the Discount Margin, the accumulated principal losses and interest shortfall, and the loss on the collateral pool.

  • The Discount Margin of the Reference Credit Agreement shall not exceed 5 per cent, other than where all of the relevant Reference Obligations pertaining to such Reference Credit Agreements are DIP Collateral Obligations.

  • The Weighted Average Discount Margin of the Reference Portfolio as at such date shall not exceed 4 per cent.

  • Reopenings will be auctioned in the same manner, but with bidding on the basis of Discount Margin rather than Spread.

  • MAXIMUMNONCOMPETITIVEAWARD $5 million Appendix B—PRICING FORMULAS AND EXAMPLES The Discount Margin is the spread that would return a price of par if the existing floating rate security were being auctioned as a new issue.


More Definitions of Discount Margin

Discount Margin means, in respect of a Facility, the discount margin (if any) applicable to that Facility, as specified in the Facility Schedule and is subject to change by us in our absolute discretion at any time and from time to time;
Discount Margin means, for any Purchased Receivable, a U.S. dollar amount equal to the product of (a) the Discount Rate with respect to the applicable Account Debtor and (b) 90% of the Net Invoice Amount of such Purchased Receivable, and further multiplied by (c) the Discount Period divided by 360.
Discount Margin. With respect to any Purchased Receivable of an Account Debtor, the discount cost applied by Buyer to such Purchased Receivable purchased on a Purchase Date (expressed as an amount in dollars), equal to (i) LIBOR (determined as of the Purchase Date for such Purchased Receivables) plus the Credit Spread applicable to such Account Debtor at such time (the “Discount Rate”), multiplied by (ii) the Aggregate Net Invoice Amount of such Purchased Receivable, and multiplied by (iii) the Discount Period divided by 360.
Discount Margin means a per annum rate equal to Eurodollar --------------- Margin as in effect from time to time.
Discount Margin. With respect an Eligible Loan included in the Collateral, the discount margin determined by the Administrative Agent as of the acquisition date for such Eligible Loan, in reference to the rate on the Bloomberg Yield and Spread Analysis Page and based on a maturity equal to three years; provided that a Loan for which no such rate is published on the Bloomberg Yield and Spread Analysis Page on the acquisition date thereof shall be deemed to have a Discount Margin of greater than 1350 unless otherwise agreed between the Administrative Agent and the Collateral Manager and therefore will not be an Eligible Loan.
Discount Margin. A rate equal LIBOR plus 1.30% per annum.
Discount Margin. The discount cost applied by Buyer to Purchased Receivables purchased on a Purchase Date, equal to (a) for any approved Account Debtor set forth in Schedule II herein as of the date hereof, (i) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE SEC] if the payment cycle is less than 75 days or (ii) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE SEC] if the payment cycle is 75 days or more, calculated on the basis of the Adjusted Invoice Amount of such Purchased Receivables for the number of days between the date of discounting and 45 days past the Due Date and (b) for any other Account Debtor, as mutually agreed by Buyer and Seller.