Spread Differential definition

Spread Differential means, for any date of determination, (a) the weighted average interest rate of the Loan Assets included in the Collateral Portfolio (and for the avoidance of doubt, with respect to Floating Rate Loan Assets, including LIBOR) on such date minus (b) the Yield Rate for such date.
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Spread Differential means, for any date of determination, the (a) weighted average fixed rate cash coupon of the Fixed Rate Loan Assets included in the Collateral Portfolio on such date minus (b) the Yield Rate for such date.
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Examples of Spread Differential in a sentence

  • The Report on Term Credit Spread Differential Allowance in Schedule 5c is only required to be completed by qualifying suppliers as qualifying suppliers is defined in the IM determination.

  • For instance, when the ESD is 4.5 percent, the credit conversion factors would be applied to the outstanding balance of the investors’ interest asfollows: Example of Credit Conversion Factor Assignment by Segment of Excess Spread Differential i.

  • The Quality Spread Differential (QSD) measures comparative advantage- QSD = Difference between the interest rates of debt obligations offered by two parties of different creditworthiness that engage in the swap.

  • Additionally, the IMF promised to ask its board to approve a disbursal as part o f the US$13.5 billion, it had agreed to pay Argentina under the Dubai agreement.Chart 5:Quarterly Spread Differential 2nd Quarter 2003 - 1st Quarter 2004 ■ 2 nd Quarter 03 S 3 rd Quarter 03 ■ 4th Quarter 03 □ 1st Quarter 04 Source: ECLAC, on the basis of data from JP Morgan.

  • A Swap Dealer proposes the following swap:- Nakatomi pays 7.6% in USD and receives 2% in JPY- HAL pays 3.6% in JPY and receives 9% in USDSwap + Domestic borrowing produces the following cost of borrowing: Nakatomi: 2% in JPY - 2% in JPY + 7.6% in USD = 7.6% in USD < 8% HAL: 9% in USD - 9% in USD + 3.6% in JPY = 3.6% in JPY < 4%JPY 2%JPY 2%JPY 3.6%USD 9% Nakatomi HAL USD 7.6%USD 9%Note: The Quality Spread Differential (QSD) is not usually divided equally.

  • As we consider this approach preferable to the proposed introduction of a Term Credit Spread Differential (TCSD), we support the Commission’s decision to maintain the general approach it adopted for the TSO.

  • A Swap Dealer proposes the following swap:- Nakatomi pays 7.6% in USD and receives 2% in JPY- HAL pays 3.6% in JPY and receives 9% in USDSwap + Domestic borrowing produces the following cost of borrowing: Nakatomi: 2% in JPY - 2% in JPY + 7.6% in USD = 7.6% in USD < 8% HAL: 9% in USD - 9% in USD + 3.6% in JPY = 3.6% in JPY < 4%JPY 2%JPY 2%JPY 3.6%USD 9%Nakatomi HAL USD 7.6%USD 9%Note: The Quality Spread Differential (QSD) is not usually divided equally.

  • Selecting the variable We have come to a stage where we need to stick to one of the variables amongst Spread, Differential, and Ratio.

  • Term credit spread differential allowance2.3.4 The Report on Term Credit Spread Differential Allowance in Schedule 5c is only required to be completed by qualifying suppliers as qualifying suppliers is defined in the IM determination.

  • Any longer term debt compensated for outside of the WACC is compensated through the Commission’s Term Credit Spread Differential (TCSD).

Related to Spread Differential

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Interest Differential is defined in Section 3.4.

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Spread shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Applicable Treasury Rate means, at the time of computation, the weekly average (for the most recently completed week for which such information is available as of the date that is two Business Days prior to the Redemption Date) of the yield to maturity of United States Treasury securities with a constant maturity (as compiled and published in Federal Reserve Statistical Release H.15 with respect to each applicable day during such week or, if such Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the period from the Redemption Date to July 1, 2026, provided, however, that if the period from the Redemption Date to July 1, 2026 is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to July 1, 2026 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Interest Quotation Day means, in relation to any period for which Interest Rate is to be determined, 2 Quotation Business Days before the first day of the relevant Interest Period.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Assigned protection factor or "APF" means the expected workplace level of respiratory protection that would be provided by a properly functioning respirator or a class of respirators to properly fitted and trained users. Operationally, the inhaled concentration can be estimated by dividing the ambient airborne concentration by the APF.

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • Spread Multiplier is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.