Lending Norms definition

Lending Norms means an Annex of the Operational Manual, in which the acceptable types of collateral (Cash or Securities) with their values and concentration limits with regard to Permissible Collateral are defined and published in tabular form on the SIX website (SIX > Securities Services> Clearing > Info Center > Existing Members > Lending Norms).
Sample 1
Lending Norms means the tables of lending value according to collateral type and collateral designated as acceptable by X-CLEAR, published on the website of SIX > Exchange & Services > Go to Securities Services > Clearing from time to time;
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Lending Norms means an Annex of the Operational Manual, in which the acceptable types of collateral (Cash or Securities) with their values and concentration limits with regard to Permissible Collateral are defined and published in tabular form on the SIX website (SIX > Securities Services > Clearing > Info Center > About SIX x-clear AG > Investment Policy).
Sample 1

Examples of Lending Norms in a sentence

  • Lending Norms The size of loan under the scheme would depend on the nature of project.

  • Lending Norms The size of loan under the Scheme would depend on the nature of project.

  • For further details see the separate lending norm rules which are described in the "Lending Norms" published at www.six-securities-services.com > Clearing > Download center.

  • X-CLEAR only accepts as Margin Deposits the Permissible Collateral which is defined in chapter 5.0 Account structures of this Operational Manual as Margin Deposits and the Lending Norms.

  • If industry is in crisis, it is bound to hit the banking sector and their NPA will rise.3. Credit distribution Mis-management:- Often ill-minded borrowers bribe bank officials to get loans with an intention of default.4. Lenient Lending Norms:- One of the main reasons of rising NPAs is the lenient Lending Norms especially for corporate honchos where their financial status and credit rating is not analysed properly.

  • Furthermore, individual detailed regulations can continue to be found in the General Terms and Conditions and the Lending Norms (so-called “Contractual Relationship”).

  • The value of the Securities and/or currencies provided for the purpose of financing the LME is calculated on the basis of their current market value after applying the applicable Haircut (see Lending Norms published on the X-CLEAR website) and not on the nominal value of the Securities or currencies deposited in the Collateral Accounts.

  • The value of the Securities and/or currencies (in relation to Cash) deposited by way of Default Fund Contribution is calculated on the basis of their current market value after applying the applicable Haircut (as published in the Lending Norms on the SIX x-clear website) and not on the nominal value of the Securities or currencies deposited.

  • As security for its liabilities in respect of Outstanding Contracts, each X-CLEAR Client is required to provide Permissible Collateral by way of Margin and shall meet Margin calls if X-CLEAR considers the Permissible Collateral provided by the X-CLEAR Client to be insufficient, and such provision of Permissible Collateral shall be provided in accordance with and subject to the Financial Collateral Agreements, their Amendment Agreements, the Clearing Terms and the Lending Norms.

  • The value of the Securities Funds and/or Currency Funds deposited for the purpose of a Financing Contribution is calculated on the basis of their current market value after applying the applicable Haircut (see Lending Norms published on the x-clear website) and not on the nominal value of the Securities Funds or Currency funds deposited.


More Definitions of Lending Norms

Lending Norms means the tables of lending value according to collateral type and collateral designated as acceptable by x-clear, published on the x-clear website from time to time;
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Related to Lending Norms

  • Lending Party shall have the meaning assigned to such term in Section 11.14.

  • Regulatory Change means, with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Lending Office means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

  • Lending Installation means, with respect to a Lender or the Administrative Agent, the office or branch of such Lender or the Administrative Agent listed on the signature pages hereof, on a Schedule, in an Assumption Agreement or otherwise selected by such Lender or the Administrative Agent pursuant to Section 2.17.

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.

  • Regulatory Capital means the capital requirement specified in Article 11;

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Discriminatory Change in Law means a Change in Law the terms of which specifically (and not merely indirectly or consequentially or by virtue of the disproportionate effect of any Change in Law that is of general application) apply to:

  • Prime Lending Rate means the rate which BTCo announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. BTCo may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate.

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Competitive contracting means the method described in sections 45 through 49 of P.L.1999, c.440 (C.18A:18A-4.1 through C.18A:18A-4.5) of contracting for specialized goods and services in which formal proposals are solicited from vendors; formal proposals are evaluated by the purchasing agent or counsel or School Business Administrator; and the Board awards a contract to a vendor or vendors from among the formal proposals received.

  • Securities lending or "securities borrowing" means a transaction by which a counterparty transfers securities subject to a commitment that the borrower will return equivalent securities on a future date or when requested to do so by the transferor, that transaction being considered as securities lending for the counterparty transferring the securities and being considered as securities borrowing for the counterparty to which they are transferred;

  • Regulatory Capital Event means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series A Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series A Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series A Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series A Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series A Preferred Stock is outstanding.

  • Money Market Lending Office means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Agent; provided that any Bank may from time to time by notice to the Borrower and the Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • Affected Person means a SEF applicant whose admission application is declined or is conditioned or a Person whose status as a Participant is terminated as set forth in Rule 303(e).

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Established business relationship means a relationship between a seller and a consumer based on:

  • Index Provider means, in respect of a Sub-Fund, the person responsible for compiling the Index against which the relevant Sub-Fund benchmarks its investments and who holds the right to licence the use of such Index to the relevant Sub-Fund as set out in the relevant Appendix.

  • CP Conduit means any limited-purpose entity established to use the direct or indirect proceeds of the issuance of Commercial Paper Notes to finance financial assets.

  • economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.

  • Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individual(s); and (b) whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individual(s) who own it. It is important to note that the business owners themselves must control the operations of the business. Absentee ownership or title ownership by an individual who does not take an active role in controlling the business is not consistent with eligibility as a DBE under CFR 49 Part 26.71.

  • Competitive Local Exchange Carrier (CLEC) means any company or person authorized to provide local exchange services in competition with an ILEC.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • Borrower Information has the meaning given that term in Section 2.5.(c).