Gap Ratio definition

Gap Ratio is the ratio of the difference between the value of the 2005-7 Dynamic Portfolio Index and the Bond Floor and the amount of the 2005-7 Dynamic Portfolio Index allocated to the Buy-Write Index portfolio. The Gap Ratio on any Index Business Day will equal: DPIV – BF DPIV * BWP
Sample 1

Examples of Gap Ratio in a sentence

  • He joined Merrill Lynch upon the firm's £3.1 billion acquisition of Mercury Asset Management plc, ("MAM") in 1997, a deal that Stephen was instrumental in bringing about and which was over twice as large as any other acquisi- tion in the money management business at the time.

  • Thus, Gap = RSA – RSL; Gap Ratio = RSAs/RSLs. This gap is used as a measure of interest rate sensitivity.

  • The index PGR-PAN (Poverty Gap Ratio - Priority to pan-European poverty) improves on classical indices by changing the implicit comparisons of individual well-being across societies with different standards of living.

  • At the end of 2017, Century Next's asset and liability position, referred to as "Gap Ratio" was asset sensitive, with a greater amount of earning assets subject to immediate and near-term interest rate changes relative to interest-bearing liabilities.

  • APPENDIX I(d): QUANTITATIVE CRITERIA - OPERATIONAL AND SUSTAINABILITY MEASURES FOR GENERAL TAKAFUL AND FAMILY TAKAFUL BUSINESSES 1.0 Expense Gap Ratio For a takaful operator, an essential area for assessment is the efficiency in managing expenses incurred in operating the takaful business in relation to the income it earns, principally from wakalah fees.

  • This is partially due to some training programs at those levels not reporting data to IBHE or ICCB, some training is primarily via apprenticeships, and some are truly done on-the-job, largely foregoing formal classroom training.The following charts indicate the Gap Ratio for each of the occupations in Table 14 for which there is completer data provided by ICCB and IBHE.

  • Inequality in urban Odisha shows an upward trend between 1993-94and 2004-05 and also between 2004-05 and 2009-10.While we try to measure poverty, again a number of measures are available to us such as Head Count Ratio, Poverty Gap Ratio, Sen’s poverty Index and FGT index.

  • BahrainKuwait Saudi ArabiaBangladeshMalaysia TurkeyEgyptPakistan UAEIndonesiaQatar FGR_Overall200620082010201220142016YearFGR_Banks-80-60-40-200FGR_Overall-30-25-20-15-10Figure 4.2 The 10 Year Trend of Overall Financing Gap Ratio (FGR) in Islamic Banks Figures 4.3 and 4.4 also show a sharp decline in profitability (both ROAA and ROAE) in our sample Islamic banks during the crises period.

  • It was measured using a) the Head Count Index, b) Poverty Gap Ratio, and c) Poverty Severity Index.4.6 Empirical Model for the Determinants of Household Poverty Status To achieve objective 5 this model was used.

  • Risiko Suku Bunga dilihat berdasarkan perspektif yaitu Economic Value dan Earnings (NII), serta pengukuran Gap Ratio.

Related to Gap Ratio

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Quick Ratio means the ratio of:

  • Index Ratio means the Final Index Price divided by the Initial Index Price.

  • Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Ratio means the Ratio as specified in § 1 of the Product and Underlying Data.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Consolidated Fixed Charge Ratio means, with respect to the Borrowers for the period of computation thereof, the ratio of (i) Consolidated EBITDA for such period plus Consolidated Lease Expense for such period, to (ii) Consolidated Fixed Charges for such period;

  • Percentage Ratio means with respect to a Trust, the percentage relationship among the Securities based on the number of contracts of each Option per Unit, the principal amount of each Bond per Unit and the number of shares of each Equity Security per Unit compared to all Securities attributable to each Unit existing immediately prior to the related additional deposit of Securities. The Percentage Ratio shall be adjusted to the extent necessary, and may be rounded, to reflect the occurrence of a stock dividend, a stock split or a similar event which affects the capital structure of the issuer of a security."

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Total Debt Ratio means, at any time, the ratio of (i) Total Debt of the Company and its Subsidiaries on a combined consolidated basis as of such time to (ii) EBITDA for the four fiscal quarter period ending as of the last day of the most recently ended fiscal quarter as of such time.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.