Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table.
Fitch Volatility Cushion means the percentage set forth in the following table with respect to any Transaction: Weighted Average Life of Hedge in Years(1) Note Rating < 1 1 - 3 3 - 5 5 – 7 AA-sf or Better 0.75% 2.25% 3.50% 4.50% Below AA-sf 0.50% 1.50% 2.50% 3.00% ____________ (1) Calculated assuming zero defaults and using a zero prepayment assumption. S&P Criteria
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table. The higher of the Remaining Weighted Average Maturity Fitch credit (years) rating of (i) Party A and (ii) the Credit Support ----------------------------------------------- Provider of Party A, if applicable 1 2 3 4 5 6 7 8 ------------------------------------------------------------------- At least "AA-" 0.8% 1.7% 2.5% 3.3% 4.0% 4.7% 5.3% 5.9%
More Definitions of Fitch Volatility Cushion
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table. ----------------------------------------------------------------------------------------------- The higher of the Fitch Remaining Weighted Average Maturity credit rating of (i) Party (years) A and (ii) the Credit Support Provider of ------------------------------------------------------------------- Party A, if applicable 1 2 3 4 5 6 7 8 ----------------------------------------------------------------------------------------------- At least "AA-" 0.8% 1.7% 2.5% 3.3% 4.0% 4.7% 5.3% 5.9% ----------------------------------------------------------------------------------------------- "A+/A" 0.6% 1.2% 1.8% 2.3% 2.8% 3.3% 3.8% 4.2% ----------------------------------------------------------------------------------------------- "A-/BBB+" or lower 0.5% 1.0% 1.6% 2.0% 2.5% 2.9% 3.3% 3.6% ----------------------------------------------------------------------------------------------- The higher of the Fitch Remaining Weighted Average Maturity credit rating of (i) Party (years) A and (ii) the Credit ------------------------------------------------------------------- Support Provider of 9 10 11 12 13 14 Greater than Party A, if applicable or equal to 15 ----------------------------------------------------------------------------------------------- At least "AA-" 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% ----------------------------------------------------------------------------------------------- "A+/A" 4.6% 5.0% 5.3% 5.7% 6.0% 6.4% 6.7% ----------------------------------------------------------------------------------------------- "A-/BBB+" or lower 4.0% 4.3% 4.7% 5.0% 5.3% 5.6% 5.9% -----------------------------------------------------------------------------------------------
Fitch Volatility Cushion means, for any Transaction, 0.19%.
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table: Rating of Most Senior Class of Notes Outstanding on Remaining Weighted Average Maturity of Transaction (years) Valuation Date 1 2 3 4 5 6 7 8 9 10 At least “AA-” 0.6 % 1.6 % 2.6 % 3.4 % 4.2 % 4.8 % 5.5 % 5.9 % 6.4 % 7.0 % “A+/A” 0.3 % 0.8 % 1.3 % 1.7 % 2.1 % 2.4 % 2.8 % 3.0 % 3.3 % 3.6 % “A-/BBB+” or lower 0.2 % 0.6 % 1.0 % 1.3 % 1.6 % 1.9 % 2.1 % 2.3 % 2.5 % 2.7 %
Fitch Volatility Cushion means the percentage specified in Appendix 2 to the Fitch Criteria for a weighted average life that is equal to (or closest to) the weighted average of the weighted average life of each series and class of Notes rated by Fitch. For these purposes, the Valuation Agent shall utilize the weighted average life of each series and class of Notes rated by Fitch in relation to which the Counterparty is the swap counterparty provided by the Administrator (1) an assumed constant prepayment rate of 0.0%, default rate of 0.0% and such assumptions as will reflect the then current expectations of Administrator and/or be based upon such circumstances as Administrator may, in good faith, determine applicable; and, notwithstanding for the avoidance of doubt (1) above, assuming (2) that the Issuer will not redeem the Notes other than on the maturity date in respect of such Notes.
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table: Remaining Weighted Average Maturity of Transaction (years) At least “AA-” 0.6 % 1.6 % 2.6 % 3.4 % 4.2 % 4.8 % 5.5 % 5.9 % 6.4 % 7.0 % “A+/A” 0.3 % 0.8 % 1.3 % 1.7 % 2.1 % 2.4 % 2.8 % 3.0 % 3.3 % 3.6 % “A-/BBB+” or lower 0.2 % 0.6 % 1.0 % 1.3 % 1.6 % 1.9 % 2.1 % 2.3 % 2.5 % 2.7 %
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table:
Fitch Volatility Cushion means, for any Transaction, the related percentage set forth in the following table: Rating of Most Senior Class of Notes Outstanding on Valuation Date Remaining Weighted Average Maturity of Transaction (years) At least “AA-” 0.6% 1.6% 2.6% 3.4% 4.2% 4.8% 5.5% 5.9% 6.4% 7.0% “A+/A” 0.3% 0.8% 1.3% 1.7% 2.1% 2.4% 2.8% 3.0% 3.3% 3.6% “A-/BBB+” or lower 0.2% 0.6% 1.0% 1.3% 1.6% 1.9% 2.1% 2.3% 2.5% 2.7%