Short Reference Entity definition

Short Reference Entity means any Reference Entity in a Reference Portfolio in respect of which the related Credit Position is negative.
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Short Reference Entity means a Reference Entity in respect of which the Buyer sells protection to the Seller.
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Short Reference Entity means any Reference Entity in the Reference Portfolio in respect of which the related Credit Position is negative and “Short Reference Entities” shall have the corresponding meaning.
Sample 1

Examples of Short Reference Entity in a sentence

  • In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligation”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.

  • For the avoidance of doubt, the Buyer shall send each notice to the Seller in connection with the occurrence of any Credit Event in relation to a Long Reference Entity and the Seller (or the Trustee or Calculation Agent on behalf of the Seller) shall send each notice to the Buyer in connection with the occurrence of any Credit Event in relation to a Short Reference Entity.

  • In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligations”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.

  • Following the occurrence of a credit event in respect of a Short Reference Entity in the Short Reference Swap Portfolio, the Calculation Agent shall determine the applicable Credit Protection Amount in the manner set out in the Short Swap Confirmation, in its discretion.

  • The Cash Settlement Amount in respect of any Short Reference Entity in respect of which a Credit Event has occurred shall be an amount equal to the greater of (a) zero and (b) the product of (i) the Floating Rate Payer Calculation Amount (or, if less, the Exercise Amount) with respect to that Reference Entity and (ii) the Reference Price minus the Final Price.

  • If the Swap Calculation Agent is unable to obtain one Full Quotation or a Weighted Average Quotation on any Business Day within 10 Business Days of the Valuation Date, then the Quotations for the Valuation Date, subject to paragraph (e) below, will be zero for a Long Reference Entity and 100 percent for a Short Reference Entity.

  • Short Reference Entity: A Reference Entity in respect of which the Seller ispurchasing protection.

  • By dating multiple grains along the entire well section, we are able to perform statistical analysis of the single grain age data to derive time temperature paths that enable us to reconcile previous seemingly contradicting studies.

  • For the avoidance of doubt, a Loss Amount determinedwith respect to a Short Reference Entity shall decrease the Aggregate Loss Amount.

  • In undertaking this role, the Portfolio Manager will make such investigation into any Long Reference Entity (and Short Reference Entity) contained in the Reference Portfolio as it considers appropriate in its absolute discretion.


More Definitions of Short Reference Entity

Short Reference Entity means Deutsche Bank Aktiengesellschaft and any Successors.
Sample 1

Related to Short Reference Entity

  • Affected Reference Entity means, in respect of a Specified Payment Date, that the Reference Entity was a Non-Determined Reference Entity as of the Cut-off Date relating to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time (or, if the relevant Standard is Japan or Japan Sovereign, Tokyo time)) or that a Deferral Notice has been given to the Company after the Cut-off Date relating to that Specified Payment Date but on or prior to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time).

  • Reference Entity means with respect to a Synthetic Security, the Obligor to whose credit such Synthetic Security is linked and the Obligor under any Reference Obligation specified in such Synthetic Security.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Summative evaluation means the comprehensive, end-of-cycle appraisal and shall incorporate the results of the minimum required observations, any additional observations, and required component-level data. At the discretion of the Evaluator, it may also include additional announced or unannounced observation data beyond the required observation data provided by other Credentialed Observers.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Credit Reference Bureau means a credit reference bureau duly licensed under the Banking Act pursuant to the Banking (Credit Reference Bureau) Regulations, 2013, as amended, revised or promulgated from time to time, to inter alia, collect and facilitate the sharing of customer credit information;

  • Weighted Reference Asset Return means for each Reference Asset contained in the Reference Portfolio and on any day, the product of (i) the Reference Asset Return and (ii) the Reference Asset Weight.

  • Accounting Reference Date means 31 December.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. For the avoidance of doubt, when determining (i) above the SPS Valuation Date shall never refer to the Strike Date.

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Reference mass means the "unladen mass" of the vehicle increased by a uniform figure of 100 kg for test according to Annexes 4a and 8;

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Multi-purpose Lubricant means any lubricant designed for general purpose lubrication, or for use in a wide variety of applications. “Multi-purpose Lubricant” does not include “Multi-purpose Dry Lubricants”, “Penetrants”, or “Silicone-based Multi-purpose Lubricants”.

  • Standard reference compendia means the American Medical Association Drug Evaluations, the

  • Accreting Obligation means any obligation (including, without limitation, a Convertible Obligation or an Exchangeable Obligation), the terms of which expressly provide for an amount payable upon acceleration equal to the original issue price (whether or not equal to the face amount thereof) plus an additional amount or amounts (on account of original issue discount or other accruals of interest or principal not payable on a periodic basis) that will or may accrete, whether or not (A) payment of such additional amounts is subject to a contingency or determined by reference to a formula or index, or (B) periodic cash interest is also payable.

  • securitisation special purpose entity or ‘SSPE’ means a corporation trust or other entity, other than an institution, organised for carrying out a securitisation or securitisations, the activities of which are limited to those appropriate to accom­ plishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator institution, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.