Total Return Swap definition

Total Return Swap means a derivative (and a transaction within the scope of SFTR) whereby the total economic performance of a reference obligation is transferred from one counterparty to another counterparty;

Total Return Swap means any total return swap entered into by a Financing Subsidiary.

Total Return Swap means an agreement between counterparties in which one party agrees to make payments of the total return from underlying asset(s), which may include securities, baskets of securities, or securities indices during the specified period, in return for payments equal to a fixed or floating rate of interest or the total return from other underlying asset(s).

Examples of Total Return Swap in a sentence

• The reference obligation of a Total Return Swap may be any security or other investment in which the relevant Sub-Fund is permitted to invest.

• Under a Total Return Swap, a Sub-Fund may exchange floating or fixed payments for payments based on the total return of a reference asset (such as equity or a fixed income instrument).

• Where the Company enters into a Total Return Swap or invest in other financial derivative instruments with similar characteristics, the assets held by the relevant Sub-Fund must comply with the investment limits set out in sections 6.2, 6.3, 6.4, 6.5 and 6.6.

• The risk exposure to a counterparty of a Sub-Fund in an OTC Derivative transaction (including a Total Return Swap) and/or an SFT (including an EPM transaction) may not exceed: 10% of its net assets when the counterparty is a credit institution referred to in paragraph 6.1 f), or• 5% of its net assets, in other cases.

• The Sub-Fund will buy a put option linked to the Basket Portfolio either separately or as part of the Basket Portfolio Total Return Swap (the “Put Option”) from an approved counterparty which will be the same counterparty to the TRS.

More Definitions of Total Return Swap

Total Return Swap means a derivative (and a transaction within the scope of SFTR)

Total Return Swap means a derivative contract as defined in point (7) of Article 2 of Regulation (EU) No 648/2012 in which one counterparty transfers the total economic performance, including income from interest and fees, gains and losses from price movements, and credit losses, of a reference obligation to another counterparty.

Total Return Swap means an over the counter derivative contract in which one counterparty transfers the total economic performance, including income from interest and fees, gains and losses from price movements, and credit losses, of a reference obligation to another counterparty

Total Return Swap means an agreement between counterparties in which one party agrees to make payments of the total return from the underlying asset(s) which may include securities, baskets of securities, or securities indices during the specified period, in return for payments equal to a fixed or floating rate of interest or the total return from other underlying asset(s).

Total Return Swap means a credit derivative contract under which a protection buyer, during the term of the contract:

Total Return Swap means a total return swap as defined in the Securities

Total Return Swap means, in respect of each Class of Notes, the swap transaction between the Issuer and the Swap Counterparty in respect of such Class of Notes confirmed under the Total Return Swap Confirmation.