Liquidity Coverage Ratio definition

Liquidity Coverage Ratio. ('LCR') means a liquidity coverage ratio as defined in Article 412 of Regulation (EU) No 575/2013 and further specified in Commission Delegated Regulation (EU) No xxxx/2014;

Liquidity Coverage Ratio or “LCR” means a ratio which is computed at the end of each day as follows:

Liquidity Coverage Ratio means the ratio of (A) (i) unrestricted cash of Borrower at Bank plus (ii) fifty percent (50%) of Borrower’s net accounts receivable, divided by (B) all Obligations of Borrower to Bank, including, without limitation, all Indebtedness under letters of credit.

Examples of Liquidity Coverage Ratio in a sentence

• The changes refer to, amongst other things, new requirements for the capital base, measures to strengthen the capital requirements for counterparty credit exposures arising from certain transactions and the introduction of a leverage ratio as well as short-term and longer-term standards for funding liquidity (referred to as the Liquidity Coverage Ratio and the Net Stable Funding Ratio, respectively).

• Under CRD IV, banks are or will be under transitional measures required to meet two new liquidity standards, consisting of the Liquidity Coverage Ratio (“LCR”) and the Net Stable Funding Ratio (“NSFR”), which are aimed to promote: The short-term resilience of banks’ liquidity risk profiles by ensuring they have sufficient high-quality liquid assets to survive a significant stress scenario.

• BCBS member countries agreed to implement the Basel III from 1 January 2013, subject to transitional and phase-in arrangements for certain requirements (e.g. the Liquidity Coverage Ratio requirements refer to implementation from the start of 2015, with full implementation by January 2019, and the Net Stable Funding Ratio requirements refer to implementation from January 2018).

• Basel III provides for a substantial strengthening of existing prudential rules, including new requirements intended to reinforce capital standards (with heightened requirements for global systemically important banks) and to establish a leverage ratio "back-stop" for financial institutions and certain minimum liquidity standards (referred to as the Liquidity Coverage Ratio and the Net Stable Funding Ratio).

• PKIC remains in compliance of both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirement.

More Definitions of Liquidity Coverage Ratio

Liquidity Coverage Ratio means, in respect of the immediately following month, the ratio of:

Liquidity Coverage Ratio means the ratio of (a) Liquidity Quick Assets to (b) the aggregate amount of the Committed Revolving Line, as in effect from time to time.

Liquidity Coverage Ratio in Section 1 of the Guaranty is amended by adding the parenthetical “(other than deposits or other prepayments for purchases of foreign crude oil)” after the words “minus prepaid expenses” in clause (a).

Liquidity Coverage Ratio or “LCR” means the ratio of (i) a bank’s stock of unencumbered HQLA to (ii) the bank’s net cash outflow for a 30 calendar day liquidity stress scenario. This ratio ensures that a bank has an adequate stock of unencumbered HQLA that can be converted into cash easily and immediately in private markets to meet its liquidity needs. See “Risk Management – Basel III reforms” for further discussion of this ratio.

Liquidity Coverage Ratio means the ratio of (A) (i) unrestricted cash of Borrower at Bank plus (ii) fifty percent (50%) of Borrower’s net accounts receivable, divided by (B) all Obligations of Borrower to Bank, including, without limitation, all Indebtedness under letters of credit. and inserting in lieu thereof the following:

Liquidity Coverage Ratio is defined in Section 6.9(a).

Liquidity Coverage Ratio is, at any time, (x) the sum of (a) the aggregate amount of unrestricted cash held at such time by Borrower in Deposit Accounts or Securities Accounts maintained with Bank or its Affiliates plus (b) accounts receivable owing to Ultimate Parent and its Subsidiaries divided by (y) the outstanding Obligations.