Relative Spread definition

Relative Spread with respect to any Note and any date of determination shall mean the ratio of the Interest Rate of such Note to the weighted average as of such date of determination (prior to taking into account any payments made on account of principal as of such date) of the Interest Rates on all the Notes based on their Principal Balances.
Relative Spread means any of the Note A Relative Spread or the Note B Relative Spread, as the context may require.
Relative Spread means, with respect to each Note, the ratio of the related Note Rate to the Mortgage Loan Rate.

Examples of Relative Spread in a sentence

  • Therefore, relative to the Asian Index the funds over-invest in Korea by 9.05% and under-invest in Taiwan by 0.27% as measured by % Relative Spread.

  • The effective spread takes into account the possibility of a transaction within the spread, although in practice this is rare on the Paris stock exchange.9 The relative effective spread relates the spread to the midpoint of the spread10: Effective Relative Spread = Midpoint , where Ask Price + Bid PriceMidpoint =2 .

  • We expect that firm-level governance and accounting quality will matter more to foreign institutional investors in countries with weaker country-level shareholder protection laws.We also estimate equation 4 using % Relative Spread as the dependent variable at the firm-level in order to examine the characteristics of firms in which investment is under or over weighted relative to the MSCI index.

  • DJIA 30ASX 20 NYSE388 TSE342LSE266 Relative Spread (b.p.)We plot below the average relative quoted and average effective spreads in DJIA 30 stocks, ASX 20 stocks, together with the 266 LSE, 388 NYSE and 342 Tokyo stocks identified by our matched-pair procedure for 2002 (Q4) to 2003 (Q3).

  • In this paper, we use three proxies to capture stock liquidity, namely Absolute Spread, Relative Spread and Amihud Ratio.

  • Electronic trading systems require a standardized method for identifying financial instruments to facilitate the clearing and settlement of trades and other transactions.

  • In contrast, Relative Spread (see, e.g., Holden, Jacobsen, and Subrahmanyam (2014)), the difference between the logarithm of the best offer price and the logarithm of the best bid price, and Amihud (2002) measure, the stock`s absolute return divided by its dollar volume, define the level of a stock`s illiquidity.

  • It is not the case of the Petitioner that this document was not in the knowledge of its officers.

  • While school buses ensure that in Huron County, access to free public education is provided to both urban and rural children, proximity to schools is a key consideration for low-income residents.

  • For each firm the daily Relative Spread is computed in a similar manner as Busch and Obernberger (2016).


More Definitions of Relative Spread

Relative Spread means any of the Note A-1-A Relative Spread, Note A-1-B Relative Spread, Note A-1-C Relative Spread or Note A-1-D Relative Spread, as the context may require.
Relative Spread means Senior Note Relative Spread or Junior Note Relative Spread, as the context may require.

Related to Relative Spread

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Loan (excluding Defaulted Loans) on an annualized basis, the Spread of such Loans (including commitment, letter of credit and all other fees), by the Outstanding Loan Balance of such Loans as of such date and dividing such sum by the aggregate Outstanding Loan Balance of all such Floating Rate Loans and rounding the result up to the nearest 0.01%; provided that the Spread of any Revolver Loan which is not fully funded shall be the sum of:

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Obligor Percentage means, at any time of determination, for each Obligor, a fraction, expressed as a percentage, (a) the numerator of which is the aggregate Outstanding Balance of the Eligible Receivables of such Obligor less the amount (if any) then included in the calculation of the Excess Concentration with respect to such Obligor and (b) the denominator of which is the aggregate Outstanding Balance of all Eligible Receivables at such time.