WAL means the weighted average life of the Transaction determined in the manner described in "Volatility Cushions" appearing in the Fitch Criteria;
WAL means the weighted average life of the derivative (in years, rounded upwards to the next integer) determined on the basis of (1) a constant prepayment rate (CPR) equal to the lesser of (i) 5% and (ii) the annualised CPR on the trust plus scheduled amortisation of the loans (2) zero defaults and (3) non-exercise of the call option attached to the Relevant Notes; and
WAL means the weighted average life, whether the Original WAL or the weighted average life resulting from a modification of the Amortization Schedule, as a result of a Conversion or otherwise. The WAL is calculated in years (to two decimal places), based on the Amortization Schedule of all tranches of the Loan and is defined as the division of (i) by (ii) below, where:
Examples of WAL in a sentence
The kinetic energy of the photoelectrons were measured using a Scienta R4000 WAL analyzer.
More Definitions of WAL
WAL means any one of the groupings of Nuclear Asset-Recovery Bonds of a Series differentiated by sinking fund schedule, interest rate or sinking fund schedule, as specified in the Series Supplement.
WAL means, in relation to the S&P Criteria, the weighted average life (in years, rounded upwards to the next integer) determined on the basis of a prepayment rate of 0.0% or such other stressed loan prepayment rate as indicated in the relevant criteria for the hedged asset or liability. Volatility Buffers for Cross Currency Swaps (% of Notional Amount) Floating-to-floating rate swaps (%) Remaining swap tenor to WAL (years) Option 1 Option 2 Tenor < 3 5.0 3.0 3 < Tenor < 5 8.0 4.0 5 < Tenor < 10 9.0 4.5 10 < Tenor < 15 11.0 5.0 Tenor >15 13.0 5.5 (C) Fitch
WAL has the meaning set forth in the preamble hereto.
WAL means the weighted average life in years of the Loans in the Portfolio, rounded upwards to the nearest whole year assuming a zero prepayment rate and zero default rate in relation to the Loans in the Portfolio.
WAL. Volatility buffers applying on a downgrade of the rating of the Covered Bonds are detailed in the S&P Criteria as set out in S&P’s “Counterparty Risk Framework Methodology and Assumptions” criteria dated 29 November 2012.
WAL means the weighted average life of the Transaction (in years, rounded upwards to the next integer) as determined by the Valuation Agent based on a prepayment assumption capped at the lowest of: (i) 5% a year, (ii) the portfolio-specific prepayment rate reported over the previous 6 months, and (iii) the counterparty’s internal prepayment rate assumption. Alternatively, a zero prepayment assumption may be applied.
WAL means, in relation to the S&P Criteria, the weighted average life (in years, rounded upwards to the next integer) determined on the basis of a prepayment rate of 0.0%, or such other stressed low prepayment rate as indicated in the relevant criteria for the hedged asset or liability. Volatility Buffers for Cross currency Swaps (% of Notional Amount) for notes rated A-1+ Remaining swap tenor to WAL (years) (“Tenor”) Floating-to-floating rate swaps (%) Option 1 Option 2 Tenor ≤ 3 5 3 3 < Tenor ≤ 5 8 4 5 < Tenor ≤ 10 9 4.5 10 < Tenor ≤ 15 11 5 15 < Tenor 13 5.5 Volatility buffers applying on a downgrade of the rating of the Relevant Notes are detailed in the S&P Criteria as set out in S&P’s “Counterparty Risk Framework Methodology and Assumptions” criteria dated 31 May 2012.