Structured Finance Security definition
Structured Finance Security means any security that is primarily serviced by or linked to the cash flows of a pool of receivables or other financial assets, either fixed or revolving, plus any rights or other assets designed to assure the servicing or timely distributions of proceeds to the security holders, including without limitation any “synthetic CDO”, credit-linked note or similar credit-linked loan or obligation.
Structured Finance Security has the meaning specified in Annex C.
Structured Finance Security means any debt security which is secured directly, or represents the ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including, without limitation, collateralised bond obligations, collateralised loan obligations or any similar security, but not including any Synthetic Security.
Examples of Structured Finance Security in a sentence
The Fund’s primary credit risk would be to the issuer of the Structured Finance Security.
More Definitions of Structured Finance Security
Structured Finance Security. Any debt obligation secured directly by, or representing ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations, including collateralized bond obligations, collateralized loan obligations or any similar security or other asset backed security or similar investment or equipment trust certificate or trust certificate of the type generally considered to be a repackaged security.
Structured Finance Security means any security or obligation that is issued by a collateralized bond obligation fund or collateralized loan obligation fund.
Structured Finance Security means any debt which is secured directly, or represents ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including without limitation, collateralised debt obligations, collateralised loan obligations or any other similar security, provided it is not a Dutch Ineligible Security and is not managed by the Collateral Manager.
Structured Finance Security. A non-recourse or limited recourse debt obligation issued by a special purpose vehicle and secured solely by the assets thereof (including, without limitation, a mortgage backed security, an asset backed security, a collateralized bond obligation or a collateralized loan obligation (or any combination thereof)).
Structured Finance Security means any debt security that is issued in connection with the securitisation of operating cash flows of an obligor that is not an Asset Backed Security.
Structured Finance Security means any debt security paying current interest when due, satisfying the Eligibility Criteria and which is issued in connection with the securitisation of the operating cash flows of a corporate obligor or any similar security, but not including any Synthetic Security and in respect of which Rating Agencies Confirmation has been received to the effect that its inclusion as a Collateral Debt Obligation will not cause the ratings of any Class of Notes to be lowered or withdrawn;
Structured Finance Security means any debt security which is secured directly, or represents the ownership of collateralised loan obligations or Whole Business Securitisations; provided (i) that such security is not issued by an entity for which the Investment Manager or an Affiliate thereof is the collateral manager, investment manager or portfolio manager and (ii) that such debt security must have been rated by S&P and Moody’s, or S&P and Moody’s must have provided a credit estimate in relation to it.