Structured Finance Securities definition
Structured Finance Securities means (a) notes or other instruments secured by collateral consisting primarily of debt securities and/or other types of debt obligations, including loans and credit default swaps or (b) securities whose benefits are derived from a discreet pool of assets, either fixed or revolving, that are acquired with the intention to convert into cash within a finite period of time under a recognized securitization program sponsored by any Borrower.
Structured Finance Securities means eligible debt or equity securities or other financial instruments, including asset-backed securities and credit-linked securities, which may be issued by a member of the UBS AG Group. "Subscription Form" means the subscription form to be completed in respect of each purchase of Shares. ''Subscriptions/Redemptions Accounts'' means the account in the name of the Company through which subscription monies and redemption proceeds and dividend income (if any) for each Fund are channelled in accordance with the Articles, the details of which are specified in the Application Form
Structured Finance Securities means (a) securities representing participations in, or the payment of which is secured by, a pool of loans the repayment of which is secured by a mortgage, deed of trust, other mortgage securities or other fee or leasehold interest upon real estate or other assets, (b) securities representing participations in, or the payment of which is secured by, a pool of receivables (of any nature) or (c) any similar types of securities, other than, in each case, Derivative Securities. "Transactions" means, collectively, all transfers of Collateral pursuant to Section 3.03 and all releases of Collateral pursuant to Section 3.04. "Uncertificated Security" has the meaning assigned to such term in Section 8-102 of the Code. "VRD Securities" means variable rate demand Municipal Securities which are repriced at least once a month or variable rate demand Municipal Commercial Paper. "VRD Eligible Securities in Liquidation" means Eligible Securities which have been designated as "VRD Eligible Securities in Liquidation" by the Collateral Agent pursuant to Section 3.05, effective from the time of such designation until such Securities are transferred out of the Securities Collatcral Account in accordance with Section 3.05.
Examples of Structured Finance Securities in a sentence
Structured Finance and Other Securities: A Fund may be exposed directly or indirectly to Structured Finance Securities and other assets which involve substantial financial risk, including distressed debt and low quality credit securities, asset-backed securities and credit-linked securities.