Fully collateralized definition

Fully collateralized means, in respect of a transaction mentioned in paragraph 1 of Schedule 5, that such transaction meets the criteria in paragraphs 2 to 4 of Schedule 5;

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Fully collateralized means secured by marketable securities acceptable to the Inspector and cash deposits, including certificates of deposit and equivalent instruments, held with the specific right of offset by and under the exclusive administration of the licensee, where repayment of the deposit is conditional on the repayment of the related extension(s) of credit. Such collateral must have a market value equal to at least one hundred percent of the extension of credit. The licensee would have to show it has the ability and that it will regularly mark these securities to market during the loan and take immediate action if this valuation shows a shortfall of collateral.

Fully collateralized means, in relation to any Letter of Credit, that the Collateral Value allocated to such Letter of Credit in accordance with this Agreement equals or exceeds the L/C Obligations with respect to such Letter of Credit.

Examples of Fully collateralized in a sentence

Fully collateralized direct repurchase agreements with a defined termination date secured by obligations of the United States or its agencies and instrumentalities.
Federal National Mortgage Association Student Loan Marketing Association ---------------------------------------------------------------------------------------------------------------------- Obligations collateralized by U.S. Fully collateralized by U.S. $5,000,000 or 10% of 25% Government securities limited to: Gov't and Agency securities total portfolio included in these guidelines.
Federal National Mortgage Association Student Loan Marketing Association -------------------------------------------------------------------------------------------------- Obligations collateralized Fully collateralized by $ 5,000,000 or 25% by U.S. Government U.S. Gov't and Agency 10% of total securities limited to: securities included in portfolio these guidelines.
Federal National Mortgage Association Student Loan Marketing Association ------------------------------------------------------------------------------------------------------------------------------------ Obligations collateralized by U.S. Government Fully collateralized by U.S. Gov't $ 5,000,000 or 10% of 25% securities limited to: and Agency securities included in total portfolio Repurchase Agreements these guidelines.

More Definitions of Fully collateralized

Fully collateralized means MTM changes are fully offset by variation margin. This also applies to cases where the MTM is settled (i.e. a settlement payment).

Fully collateralized means that the value of the collateral security is, and during the entire term of the agreement remains, at least equal to the amount of the “loan” including accrued interest.

Fully collateralized means that throughout the term of the securities lending arrangement the borrower provided collateral (cash or government debt securities only) with a value not less than 95% of the value of the loaned shares