Minimum Capital Test definition
Minimum Capital Test or “MCT” means the minimum capital test for certain federally regulated insurance companies established by OSFI (as defined herein). Under MCT, companies calculate a MCT ratio of regulatory capital available to regulatory capital required using a defined methodology prescribed by OSFI in monitoring the adequacy of a company’s capital. The MCT ratio is a key metric of the adequacy of the Company’s capital in comparison to regulatory requirements and is used for comparisons to other mortgage insurers and internal targets.
Minimum Capital Test means the OSFI’s Minimum Capital Test (MCT) Guideline under which a federally regulated insurer is measured for the adequacy of its capital.
Minimum Capital Test or “MCT” means the minimum capital test for certain federally regulated insurance companies established by OSFI (as defined herein). Under MCT, companies calculate a ratio of capital available to capital required using a defined methodology prescribed by OSFI in monitoring the adequacy of a company’s capital.
Examples of Minimum Capital Test in a sentence
The Borrower shall not permit the Minimum Capital Test of Genworth Financial Mortgage Insurance Company Canada to be less than (a) 155% as of (x) the last day of two consecutive Fiscal Quarters ending after the Closing Date or (y) the last day of each of six Fiscal Quarters ending after the Closing Date or (b) 150% as of the last day of the Fiscal Quarter ending after the Closing Date.
More Definitions of Minimum Capital Test
Minimum Capital Test means the regulatory guideline under which a federally regulated insurer is measured for the adequacy of its capital.
Minimum Capital Test means a test that is satisfied on any day when (a) the Aggregate Unpaid Balance minus (b) the Net Investment minus (c) the then outstanding aggregate Deferred Purchase Price is equal to or greater than $5,000,000.
Minimum Capital Test or “MCT” means the minimum capital test for certain federally regulated insurance companies established by OSFI (as defined herein). Under MCT, companies calculate an MCT ratio of regulatory capital available to regulatory capital required using a defined methodology prescribed by OSFI in monitoring the adequacy of a company’s capital. The MCT ratio is a key
Minimum Capital Test means a test that is satisfied on any day when (a) the Aggregate Unpaid Balance minus (b) the Net Investment is equal to or greater than $145,000,000.
Minimum Capital Test means the ratio of capital available to minimum capital required calculated in accordance with applicable Requirement of Law, including OSFI’s guidelines relating to minimum capital test, as in effect from time to time.
Minimum Capital Test or “MCT” means the minimum capital test for certain federally regulated insurance companies established by oSFI (as defined herein). Under MCt, companies calculate an MCt ratio of regulatory capital available to regulatory capital required
Minimum Capital Test or “MCT” means the minimum capital test for certain federally regulated insurance companies established by the Office of the Superintendent of Financial Institutions. Under MCT, companies calculate a