Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed one to one at their time of original issuance unless the floating rate instrument has only one reset remaining until maturity or (ii) Moody's Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that (a) such Inverse Floaters are rated by Moody's with the Adviser having the capability to collapse (or relink) within seven (7) days as a liquidity enhancement measure, and
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of New Jersey Municipal Bonds and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed one to one at their time of original issuance unless the floating rate instrument has only one reset remaining until maturity.
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New York Municipal Bonds that are S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed one to
Examples of Inverse Floaters in a sentence
Inverse Floaters, including primary market and secondary market residual interest bonds, may constitute no more than 10% of Moody's Eligible Assets.
The Moody's Discount Factor for Inverse Floaters shall be the product of (x) the percentage determined by reference to the rating on the security underlying such Inverse Floaters multiplied by (y) 1.25.
The Moody’s Discount Factor for Inverse Floaters shall be the product of (x) the percentage determined by reference to the rating on the security underlying such Inverse Floaters multiplied by (y) 1.25.
Inverse Floaters, including primary market and secondary market residual interest bonds, may constitute no more than 10% of Moody’s Eligible Assets.
Rate Yes 102 Inverse IO Floaters No SYNTHETIC TREASURIES Yes 102 IOetts No (e.g. CATS, COUGRS, TIGRS) Agency* Mortgage Backs Interest Only (IO) No Trust Receipts No Principal Only (PO) No Agency Debentures Pass Throughs-Fixed Rate Yes 102 Inverse Floaters No FAMC (Fed Agriculture Mtge Corp) No Pass Throughs -Adjust.
More Definitions of Inverse Floaters
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds or Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more New Jersey Municipal Bonds that are S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Michigan Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Michigan Municipal Bonds and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Municipal Bonds and satisfy the issuer and original issue size requirements of
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Pennsylvania Municipal Bonds that qualify as S&P Eligible Assets (and are not part of a private placement of Pennsylvania Municipal and satisfy the issuer and original issue size or ratings requirements of clause (vi) of the definition of S&P Eligible Assets) the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more California Municipal Bonds that qualify as S&P Eligible Assets (and are not part of
Inverse Floaters means trust certificates or other instruments evidencing interests in one or more Florida Municipal Bonds or Municipal Bonds that qualify as (i) S&P Eligible Assets the interest rates on which are adjusted at short term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or