Net Interest Margin Securities definition

Net Interest Margin Securities. As defined in Section 2.16 hereof.
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Net Interest Margin Securities. As defined in Section 7.01(a) hereof.
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Net Interest Margin Securities or “NIMs” means any Underlying Asset that is a security representing a repackaged interest in residual cashflows from one or more previously securitized asset-backed transactions; provided that such Underlying Asset is rated by Standard & Poor’s and Moody’s.
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Examples of Net Interest Margin Securities in a sentence

  • Net Interest Margin Securities, if any, issued by the NIMS Issuer, which are backed, in whole or in part, by the cashflow on certain Class C Certificates and the Class P Certificates and not insured by any NIMS Insurer.


More Definitions of Net Interest Margin Securities

Net Interest Margin Securities means the debt securities issued by the NIM Trust.
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Net Interest Margin Securities means Structured Finance Securities that entitle the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Structured Finance Securities) on the cash flow from the income generated by banks via their operations.
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Related to Net Interest Margin Securities

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Reset Margin means the margin specified in the applicable Final Terms;