Solvency Need definition

Solvency Need means the individual solvency need as assessed by Danske Bank's Board of Directors and Executive Board in accordance with section 124(4) of the Financial Business Act.
Sample 1Sample 2Sample 3
Solvency Need means the individual solvency need as assessed by the Bank’s board of directors in accordance with section 124(4) of the Financial Business Act.
Sample 1Sample 2Sample 3
Solvency Need means the individual solvency need determined by the Bank's Board of Directors and Executive Board, see section 124(4) of the Danish Financial Business Act.
Sample 1

Examples of Solvency Need in a sentence

  • IntroductionThe aim of this risk report is to provide an insight into Betri Banki P/F’s capital and risk management practices.The report has been prepared in accordance with the legal disclosure requirements in Executive Order No 900 of 13 July 2015 for the Faroe Islands on Calculation of Risk Exposures, Own Funds and Solvency Need and the Capital Requirements Regulation (CRR) (Regulation (EU) No 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms).

  • The report has been prepared in accordance with the legal disclosure requirements in Executive Order No 900 of 13 July 2015 for the Faroe Islands on Calculation of Risk Exposures, Own Funds and Solvency Need and the Capital Requirements Regulation (CRR) (Regulation (EU) No 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms) .

  • He testified that he would have written the same report for the owners of the GEL landfill.

  • Own funds are determined in accordance with the requirements in chapter 10 of the Danish Financial Business Act, while the weighted assets are calculated in accordance with Executive Order for the Faroe Islands on Calculation of Risk Exposures, Own Funds and Solvency Need.

  • The guidelines provide an interpretation of Annex 1 to the Danish Executive Order on Calculation of Risk Exposures, Own Funds and Solvency Need.

  • In connection with this offering, we expect to apply for exemptive relief from the SEC to permit us to grant options to purchase our common stock to our independent directors as a portion of their compensation for service on our Board of Directors.

  • When assessing the adequate capital base, all circumstances as mentioned in appendix 1 in the Executive Order on Cal- culation of Risk Exposures, Own Funds and Solvency Need are included.

  • The ICAAP determines the solvency need.• Pillar III deals with market discipline and sets forth disclosure requirements for risk and capital management and the solvency need.Rules on solvency needAccording to a special requirement in Danish legislation, S4 and S.6 of the Executive Order on Calculation of Risk Exposures, Own Funds and Solvency Need, mortgage credit institutions must publish their solvency need each quarter.

  • The report has been prepared in accordance with the legal disclosure requirements in Executive Order No 900 of 13 July 2015 for the Faroe Islands on Calculation of Risk Exposures, Own Funds and Solvency Need and the Capital Requirements Regulation (CRR) (Regulation (EU) No 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms).

  • Pursuant to the Executive Order on Calculation of Risk Exposure, Own Funds and Solvency Need, Dan- ish Ship Finance must maintain a certain amount of capital relative to its activities, so that the own funds as a minimum matches the company’s risk profile and complies with the legislative framework.

Related to Solvency Need

  • Solvency II means the Solvency II Directive and any additional measures adopted to give effect to the Solvency II Directive (for the avoidance of doubt, whether implemented by way of a regulation (including, without limitation, the Level 2 Regulations), a directive, application of relevant EIOPA guidelines or otherwise);

  • Solvency II Directive means Directive 2009/138/EC of the European Parliament and of the Council of the European Union of 25 November 2009 on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II);

  • Solvency mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • Insolvency Officer means any trustee, receiver, receiver and manager, liquidator, sequestrator, administrator or other custodian in connection with the insolvency of Project Co or any of its assets;

  • Senior Officer means (a) the chief executive officer, (b) the president, (c) any executive vice president, (d) the chief financial officer or (e) the treasurer, in each case of Borrower.

  • insolvency administrator means a person authorised to administer the reorganisation or liquidation, including one authorised on an interim basis, and includes a debtor in possession if permitted by the applicable insolvency law;

  • Review Officer means the officer of the Adviser designated from time to time by the Adviser to receive and review reports of purchases and sales by Access Persons. The term “Alternative Review Officer” means the officer of the Adviser designated from time to time by the Adviser to receive and review reports of purchases and sales by the Review Officer, and who shall act in all respects in the manner prescribed herein for the Review Officer. It is recognized that a different Review Officer and Alternative Review Officer may be designated with respect to each Adviser.

  • Solvent and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • School security officer means a person who is employed by a board of education of any school district for the purpose of aiding and supplementing state and local law enforcement agencies in which the school district is located, but is not a law enforcement officer or police officer.

  • Finance Officer means the Comptroller of the City or her authorized agent.

  • College President means the chief executive officer of the college appointed by the board of trustees.

  • insolvency practitioner means any receiver, administrator or liquidator appointed in respect of the Tenant;

  • Solvency Capital Requirement means the Solvency Capital Requirement or the group Solvency Capital Requirement (as applicable) referred to in, or any other capital requirement (other than the Minimum Capital Requirement) howsoever described in, the Relevant Rules;

  • Agency Chief Contracting Officer or “ACCO” shall mean the position delegated authority by the Agency Head to organize and supervise the procurement activity of subordinate Agency staff in conjunction with the City Chief Procurement Officer.

  • Write-down Date means, with respect to any Contingent Write-down, the Trigger Event Write-down Date or Viability Event Write-down Date, as applicable.

  • Responsible Financial Officer means, with respect to any Person, the chief financial officer or treasurer of such Person or any other officer, partner or member having substantially the same authority and responsibility.

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • Project Officer means a person identified by the accounting officer or accounting authority of an institution, who is capable of managing and is appropriately qualified to manage a PPP to which that institution is party from its inception to its expiry or termination;

  • Knowledge of the Seller means the actual knowledge of (i) the chairman of the board of directors of the Seller, (ii) the chief executive officer of the Seller or (iii) the chief financial officer of the Seller, in each case, as such positions are held as of the date hereof, in their capacity as office holders of the Seller.

  • Insolvency Opinion means that certain non-consolidation opinion letter dated the date hereof delivered by Xxxxxx Xxxxxxxx Xxxxx & Xxxxxxxx LLP in connection with the Loan.

  • Procurement Officer means the Buyer's contracting personnel, as identified in the Introductory Materials.

  • Screening Officer means a person appointed to that position under this bylaw.

  • prescribed officer means a person who, within a company, performs any function that has been designated by the Minister in terms of section 66(10);

  • Insolvency Official means, in respect of any company, a liquidator, provisional liquidator, administrator (whether appointed by the court or otherwise), administrative receiver, receiver or manager, nominee, supervisor, trustee in bankruptcy, conservator, guardian, the Viscount or other similar official in respect of such company or in respect of all (or substantially all) of the company's assets or in respect of any arrangement or composition with creditors or any equivalent or analogous officer under the law of any jurisdiction.

  • security officer means any person who has the responsibilities and duties described in Section 831.4 and who is employed by a law enforcement agency of any city, county, or city and county.

  • Responsible Officer means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture.