Mid Delta definition

Mid Delta means a nominal amount where a credit default swap of the relevant Reference Entity with a maturity date of the CDS Hedging Maturity has the same variation in net present value as the credit default swap when the mid market spread curve in respect of that Reference Entity is increased by one basis point, converted in the Standard Currency of the Reference Entity using the relevant FX rate, as determined by Calculation Agent acting in good faith and in a commercially reasonable manner.
View Source

Related to Mid Delta

  • Base Flood Elevation (BFE) means a determination of the water surface elevations of the base flood as published in the Flood Insurance Study. When the BFE has not been provided in a “Special Flood Hazard Area”, it may be obtained from engineering studies available from a Federal, State, or other source using FEMA approved engineering methodologies. This elevation, when combined with the “Freeboard”, establishes the “Regulatory Flood Protection Elevation”.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Initial Reference Pricei means as specified in the above table at item 15 (A) (i);

  • Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements required for the Wind Down.