Superintendencia Financiera definition

Superintendencia Financiera means the Finance Superintendence of Colombia and any successor agency. “Take-Out Debt” shall have the meaning set forth in Section 8.13 hereof. “Target” shall mean BAC Credomatic GECF Inc., a British Virgin Islands business company. “Taxes” shall mean any and all present or future income, value added, stamp, registration, excise, property, court or documentary and other taxes and levies, imposts, duties, deductions, charges or withholdings whatsoever, and all interest, penalties or similar amounts with respect thereto, imposed by any Governmental Authority. “Technical Capital” shall mean, as of any date of determination, the technical capital (patrimonio técnico) of the Borrower, determined in accordance with Colombian banking regulations, computed as of the last day of the most recent fiscal quarter ended prior to such date of determination, as required to be reported to the Superintendencia Financiera. “Technical Capital to Risk Weighted Assets Ratio” shall mean, as of any date of determination, the ratio (expressed as a percentage) of (i) Technical Capital to (ii) the aggregate amount of risk weighted assets of the Borrower, determined in accordance with Colombian banking regulations, computed as of the last day of the most recent fiscal quarter ended prior to such date of determination, as required to be reported to the Superintendencia Financiera. “Voting Shares” shall mean, with respect to any Person, any class or classes of capital stock or other ownership interests pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect directors, managers or trustees of such Person (irrespective of whether or not, at the time, stock of any other class or classes has, or might have, voting power by reason of the happening of any contingency). SECTION 2.
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Superintendencia Financiera means the Finance Superintendence of Colombia and any successor agency.
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Examples of Superintendencia Financiera in a sentence

  • Average for each year of the short-term composite reference rate, as calculated by the Superintendencia Financiera (Financial Superintendency).

  • The Final Settlement Price shall be calculated on the business day after the Last Trading Day, based on the Last Trading Day at the reciprocal of the Colombian official exchange rate: “Rate of Exchange Representative of Market” – TRM (also known as the Colombian Peso Index) as published by Superintendencia Financiera de Colombia, a division of the Central Bank of Colombia on the Last Trading Day of the contract month or as specified by the Exchange.

  • Source: Author’s calculations based on information published by Superintendencia Financiera de Colombia.

  • Source: Economatica2 – Rankings based on gross loans as reported to the Superintendencia de Bancos e Instituciones Financieras (SBIF), excluding loans from Itaú CorpBanca Colombia, and Superintendencia Financiera de Colombia (SFC).

  • If fiscal policy multipliers vary over the business cycle then procyclical fiscal policy will have small effects during expansions but could be quite damaging during recessions (Auerbach and Gorodnichenko (2011) or Jordà and Taylor (2016)).

  • Once the liquidation has been duly concluded, its final approval shall be requested from the Superintendencia Financiera (Superintendency of Finance).

  • As a response, Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC), pushed for a major reform of the risk management systems of Colombian banks.12 In particular, the SFC required banks to implement a risk management system known as Sistema de Administracion de Riesgo de Credito (henceforth we refer to the system as “SARC”).

  • The Company is subject to sole control by the Financial Superintendence of Colombia (Superintendencia Financiera de Colombia), being registered in the National Registry of Securities and Issuers (RNVE) as issuer of securities.

  • The General Meeting of Shareholders shall be called and it shall meet on the dates, manner and terms prescribed for the regular meetings, and special meetings whenever it is called by the liquidator, the External Auditor, the Superintendencia Financiera (Superintendency of Finance), or when requested by a plural number of shareholders representing not less than twenty per cent (20%) of the issued stock.

  • The payment of dividends in cash or kind, of the shares that are traded on the Colombian Stock Exchange (Bolsa de Valores de Colombia - BVC) is regulated by External Circular No. 13 of 1998, with its amendments, or any other one that may modify or substitute it, issued by the Financial Superintendence Office of Colombia (Superintendencia Financiera de Colombia - “SFC”), which has regulated the ex-dividend period for determining the corresponding dividend.

Related to Superintendencia Financiera

  • Chile means the Republic of Chile.

  • Cadre means the strength of a service or a part of a service sanctioned as a separate unit.

  • Superintendent means the Superintendent of Schools or his/her designee.

  • District superintendent means the superintendent of a district or the chief administrator of a public school academy.

  • ICAO means the International Civil Aviation Organization.

  • SUD means Substance Use Disorder and refers to a condition in which the use of one or more substances leads to a clinically significant impairment or distress per the latest DSM.

  • SUR means the software use rights agreements which include additional or supplemental terms and conditions under which Software is licensed and which is made available on xxx.xxx.xxx/xxxxxxx/xxxxx.

  • Bangladesh Bank means the bank established under Article 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) for the purpose of carrying on the business of central banking and also includes its successors;

  • Bait means any salt, mineral, grain, or other feed. Salt or mineral blocks used for normal agricultural practices are not considered bait.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Promotores means individuals who are members of the community who function as natural helpers to address some of their communities’ unmet mental health, health and human service needs. They are individuals who represent the ethnic, socio-economic and educational traits of the population he/she serves. Promotores are respected and recognized by their peers and have the pulse of the community’s needs.

  • Campfire means a small outdoor fire intended for recreation or cooking not including a fire intended for disposal of waste wood or refuse.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Mayor means the duly elected and acting Mayor, or in the Mayor's absence, the duly appointed and/or elected Vice Mayor or Acting Mayor of the Issuer.

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • Commander , in relation to an aircraft, means the member of the flight crew designated as commander of the aircraft by the operator thereof, or, failing such a person, the person who is for the time being the pilot in command of the aircraft;

  • Parade means any procession or body of pedestrians, except members of the Armed Forces, numbering more than 30, standing, marching or walking on any street or sidewalk, or any group of vehicles numbering ten or more, except funeral processions, standing or moving on any street;

  • DE means Divisional Engineer

  • Argentina means the Republic of Argentina.

  • DEL means the Department of Early Learning of the State of Washington; any division, section, office, unit or other entity of DEL; or any of the officers or other officials lawfully representing DEL.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • SAQA means the South African Qualifications Authority;

  • Mexico means the United Mexican States.

  • ATO means the Australian Taxation Office;

  • FISMA means The Federal Information Security Modernization Act of 2014 (Pub.L. No. 113-283 (Dec. 18, 2014.).