exposure not secured by tangible security definition

exposure not secured by tangible security means any exposure other than the one secured by assets, whose value is not less than the exposure amount or that part of the exposure amount which exceeds the value of the asset that constitutes the security. The value is calculated in accordance with a directive issued by the Central Bank under section 41.
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Related to exposure not secured by tangible security

  • Eligible Security means an issue of securities which is from time to time

  • Ineligible Security means any security which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Convertible Security means one of the Convertible Securities.

  • Eligible Securities means those securities which are identified as permissible securities for a particular Transaction Category.

  • Exempt Property means the property designated as Exempt Property in Section J.