Municipal Bond Derivatives definition

Municipal Bond Derivatives means: (i) contracts involving the reinvestment of the proceeds of tax-exempt bond issues and Qualified Zone Academy Bonds, or bonds issued by or on behalf of any governmental or quasi-governmental or non-profit entity in the United States, including but not limited to, states, cities, towns, counties, villages, parishes, school districts, clubs or various economic development, redevelopment, financing, lottery, parking, housing, educational, medical, religious, public safety, building, water, sewer, hospital, transportation, public works, waste management, environmental, port, park, airport, telecommunications and power authorities, corporation or boards, including but not limited to forward purchase, supply or delivery agreements, repurchase agreements, certificates of deposit, escrows and secured and unsecured guaranteed investment contracts; and (ii) related transactions involving the management or transfer of the interest rate risk associated with the bonds or bond issues described above, including, but not limited to, swaps, options, swaptions, caps, collars and floors. Notwithstanding the foregoing, Municipal Bond Derivatives do not include: (i) contracts to underwrite the issuance of Municipal Bonds; (ii) credit default products, such as credit default swaps and credit default options; (iii) auction-rate securities; (iv) inter-dealer swaps; and (v) swaps, or other agreements between Providers to hedge, manage or otherwise share or transfer their risk on Municipal Bond Derivatives except to the extent used to facilitate any improper undisclosed payments to brokers or the rigging of bids for the reinvestment or management of bond proceeds.
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Municipal Bond Derivatives means contracts involving the investment or reinvestment of the proceeds of tax-exempt bond issues, Qualified Zone Academy Bonds, or bonds issued by or on behalf o€ any governmental or quasi-governmental or non-profit entity, including, but not limited to, states, cities, towns, counties, villages, parishes, school districts, clubs, or various economic development, redevelopment, development, financing, lottery, parking, housing educational, medical, religious, public safety, building, water, sewer, hospital, transportation, public works, waste management, environmental, port, airport, telecommunications and power authorities, corporations or boards; and (ii) related transactions involving the management or transferral of the interest rate risk associated with those bond issues including, but not limited to, guaranteed investment contracts, forward supply, purchase, or delivery agreements, repurchase agreements, escrow agreements, security sales, swaps, caps, options and swaptions. Notwithstanding the foregoing, Municipal Bond Derivatives does not include (i) contracts to underwrite the issuance of municipal bonds, (ii) credit default products, such as credit default swaps and credit default options, (iii) inter-dealer swaps or (iv) swaps or other agreements between Providers to hedge, manage or otherwise share or transfer their risk on a Municipal Bond Derivative.
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Municipal Bond Derivatives means: (i) contracts involving the reinvestment of the proceeds of tax-exempt bond issues, Qualified Zone Academy Bonds, or bonds issued by or on behalf of any governmental a quasi-government or non-profit entity in the Untied States of America, including but not limited to, states, cities, towns, counties, villages, parishes, school districts, dubs, or various economic development, redevelopment, financing, lottery parking, housing, educational, medical, religious, public safety, building, water, sewer, hospital, transportation, pubic waft waste management, environmental, port, park, airport, telecommunications and power authorities, corporation or boards; and (ii) related transactions involving the management or transfer of the interest rate risk associated with those bond issues including, but not limited to, guaranteed investment contracts, forward supply, purchase, or delivery agreements, repurchase agreements, escrow agreements, security sales, swaps, caps, options, and swaptions. Notwithstanding the foregoing, Municipal Bond Derivatives does not include (i) contracts to underwrite the issuance of municipal bonds; (ii) credit default products, such as credit default swaps and credit default options; (iii) swaps, or other agreements between Providers to hedge, manage or otherwise share or transfer their risk on a Municipal Bond Derivative, except to the extent used to facilitate any improper, undisclosed payments to Brokers or the rigging of bids for the reinvestment a management of bond proceeds.
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Examples of Municipal Bond Derivatives in a sentence

  • In or about May 2008, Wachovia Bank exited the competitive Municipal Bond Derivatives business.

  • Marketing Desk personnel included marketers who maintained client and broker relationships, structured and sold Municipal Bond Derivatives to its issuer clients, obtained credit and compliance approval for these products, bid on behalf of the desk for competitively bid transactions, and negotiated for Interest Rate Risk Management Products that were not bid out competitively.

  • The investigation concerned alleged violation of state and federal antitrust and other laws by Providers, Brokers and Advisors involved in the marketing, sale and placement of Municipal Bond Derivatives.

  • Following an investigation by the Attorneys General in which they determined that not all Municipal Bond Derivatives entered into by Wachovia were affected by the Relevant Conduct, Wachovia and the Attorneys General entered into the Settlement Agreement whereby, among other things, Wachovia agreed to pay restitution to Eligible Counterparties in return for a Release of claims against Wachovia.

  • RECOMMENDATION: That the Board of School Directors adopts the attached Resolution to participate in an out-of-court settlement between JP Morgan Chase & Co. and 25 States’ Attorneys General to resolve matters related to Municipal Bond Derivatives.

  • Consider a resolution authorizing and directing the Mayor to execute settlement documents in connection with an out-of-court settlement reached between Various State Attorneys General and J.P. Morgan & Chase & Co. ("JPMC") concerning alleged violations of state and federal antitrust and other laws by JPMC and other providers, brokers and advisors, involving the marketing, sale, and placement of Municipal Bond Derivatives.

  • The name of contact to request revisions, waivers, or modifications affecting this Agreement, will be provided by CDA to the Contractor upon full execution of this Agreement.

  • Wachovia has agreed to pay a total of $54.5 million into a fund that will be used to pay restitution to certain Municipal Bond Derivatives Counterparties.

  • It is expected that other Providers, Brokers and Advisors involved in Municipal Bond Derivatives will also be entering into Settlement Agreements with the Attorneys General in the future.

Related to Municipal Bond Derivatives

  • Municipal bond means a bond or evidence of indebtedness issued by a municipality or other political subdivision of a state.

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • Derivatives Any exchange-traded or over-the-counter (i) forward, future, option, swap, cap, collar, floor or foreign exchange contract or any combination thereof, whether for physical delivery or cash settlement, relating to any interest rate, interest rate index, currency, currency exchange rate, currency exchange rate index, debt instrument, debt price, debt index, depository instrument, depository price, depository index, equity instrument, equity price, equity index, commodity, commodity price or commodity index, (ii) any similar transaction, contract, instrument, undertaking or security, or (iii) any transaction, contract, instrument, undertaking or security containing any of the foregoing.

  • Short Derivative Instrument means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.

  • Commercial derivative military article means an item acquired by the Department of Defense that is or will be produced using the same production facilities, a common supply chain, and the same or similar production processes that are used for the production of articles predominantly used by the general public or by nongovernmental entities for purposes other than governmental purposes.

  • OTC derivative or ‘OTC derivative contract’ means a derivative contract the execution of which does not take place on a regualted market as within the meaning of Article (4)(l)(14) of Directive 2004/39/EC or on a third-country market considered as equivelant to a regulated market in accordance with Article 19(6) of Directive 2004/39/EC;

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Unmodified Derivatives means substances created by Recipient, which constitute an unmodified functional subunit or product expressed by the Original Material (for example, subclones of unmodified cell lines, purified or fractionated subsets of the original material, proteins expressed by DNA/RNA supplied by Provider, or monoclonal antibodies secreted by a hybridoma cell line).

  • Mortgage-backed security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as determined by Prudential) most closely matches the duration of such Accepted Note.

  • Municipal waste means solid waste that includes garbage; refuse; and trash generated by households, motels, hotels, recreation facilities, public and private facilities; and commercial, wholesale, private, and retail businesses. The term does not include special waste or industrial waste.

  • Municipal Obligations means Municipal Bonds as described in the Offering Memorandum.

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Long Derivative Instrument means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

  • Municipal means of or relating to a municipality.

  • Equipment Notes means, at any time, the Series A Equipment Notes, the Series B Equipment Notes and the Series C Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • U.S. Treasury Securities means direct obligations of the United States Treasury that are entitled to the full faith and credit of the United States.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit subject to any particular pooling arrangement by such Conduit, but excluding Commercial Paper issued by such Conduit for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit.

  • Pledged Treasury Securities has the meaning set forth in Section 2.1(c) of the Pledge Agreement.

  • Calculation Agency Agreement means the Calculation Agency Agreement, dated as of December 21, 2006 between the Company and the Calculation Agent, as amended from time to time, or any successor calculation agency agreement.

  • Treasury Securities means U.S. Dollar-denominated, coupon-bearing, senior debt securities of the United States of America issued by the U.S. Treasury Department and backed by the full faith and credit of the United States of America.

  • Underlying Instrument means the loan agreement, credit agreement or other customary agreement pursuant to which a Collateral Obligation has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Collateral Obligation or of which the holders of such Collateral Obligation are the beneficiaries.