During a period of unavailability of benchmarks or at a time when a maturity for the then current benchmark is not available, the component of the base interest rate based on the benchmark then in force or that maturity for that benchmark, if any, shall not be used to determine the base rate. TENOR, pleaded. This word, applied to an instrument in advocacy, means an exact transcription; It`s different from Purport. (S. A.) 2 Phil. 99; 2 Russ. at Cr. 365; 1, puppy. Cr. Law, 235; 1 Mass 203; 1 East, R. 180, and the cases cited in the notes. In the practice of the Registry, the operative part is understood as a certified copy of the records of other courts that have been struck off the Registry by certiorari.
Gresl. Ev. 309. Trend, trend, drift, tenor, current means movement in a certain direction. The tendency involves an inclination that sometimes corresponds to a driving force. A general trend in inflation refers to the general direction maintained by a winding or irregular path. The long-term trend of the stock market is the upward drift can be applied to a trend determined by external forces, the drift of the population of large cities or it can refer to an underlying or obscure trend of importance or speech. Got the drift of their argument tenor emphasizes a clearly perceptible direction and a continuous and inevitable course. The tenor of the present era implies a clearly defined, but not necessarily immutable, course. A meeting that changed the course of my life Emma`s portfolio currently includes several high-credit counterparty instruments with five-year maturities. As they were purchased three years ago, these securities have a maturity of two years. Its portfolio also includes counterparty instruments with lower credit ratings.
For these instruments, it limits its maximum maturity to three years in order to manage its counterparty risk. A term used in advocacy to indicate that an exact copy is being made. 1 puppy. Crim. I/aw, 235. The operative part of a document or other written document means the object it contains, according to its true wording and meaning. Cowell. “Tenor”, when he argues for a written instrument, implies that the words themselves are rendered. “Purport” does not matter this, but is only synonymous with “substance”. Wright, 1 Cush.
(Mass) 65; Dana v. State, 2 Ohio St. 93; State v. Bonney, 34 Me. 384; State v. Atkins, 5 Blackf. (Ind.) 45S; Staat v. Chinn, 142 MB. 507, 44 S.
W. 245. An action to prove the device is in Scotland an action to prove the contents and contents of a lost instrument. Bell. In the law firm pleaded. A certified copy of records from other courts deleted by certiorari. Gres. Gl. Ev. 309.
Tenor est qui legem dat feudo. It is the content [of the feudal subsidy] that governs its effect and scope. Craigius, Jus Feud. (3rd edition) 66; Broom, max. 459. Learning English Definition of content (entry 2 of 2) Tenor is often used in connection with bank loans and insurance contracts, while the term maturity is more commonly used in the description of government bonds and corporate bonds. Colloquially, the two terms have very similar meanings and can be used interchangeably for different types of financial instruments. The content refers to the time remaining before the expiry of a financial contract. It is sometimes used interchangeably with the term maturity, although the terms have different meanings. Tenor is used in connection with bank loans, insurance contracts and derivatives. Middle English tenor, tenor, tenure “principal point of a document, intention of a legal agreement, continuous presence or sustained course, part carrying the melody of the cantus firmus in contrapuntal music”, borrowed from French and medieval English Latin; Anglo-French tenur, tenure “importation of a document”, borrowed from medieval Latin tenōr-, tenor “sustained course, continuity, state, derives from a law or document, tone of voice, melody of cantus firmus in contrapuntal music”, back to Latin, “sustained course, continuity, tone of voice”, from tenēre “to hold, to possess” + -ōr-, -or, back to *-ōs-, deverbal nominal suffix of the state – more at the entrance of the tenant 1 An exact Reproduction of a legal document in words and in Figures. To this end, Emma buys and sells short- and medium-term financial instruments with maturities between one and five years.
It does this both in the corporate bond market and through OTC derivatives transactions with various counterparties. For example, if a 10-year government bond was issued five years ago, its term would be ten years and its maturity – the remaining time until the end of the contract – would be five years. In this way, the maturity of a financial instrument decreases over time, while its maturity remains constant. For example, the content of a cheque would be the exact amount indicated on the front. From a technical point of view, content and maturity have different meanings. While content refers to the remaining term of a contract, the term refers to the initial duration of the agreement when it is created. Depending on their risk appetite and financial goals, some investors routinely avoid securities with maturities longer than the specified period. For example, a company that wants to meet its short- and medium-term liquidity needs can buy and sell debt securities with a maturity of five years or less. In this context, adjustments may be made according to the perceived creditworthiness of the relevant counterparties. For example, a company could accept a five-year term for counterparties with a high credit rating, while poorly rated counterparties would be limited to maturities of three years or less. The term tenor is also used in relation to non-standard financial instruments such as derivative contracts. In this context, it is often used to describe the risk of a particular security.
For example, a long-term futures contract could be described as relatively risky because there is still a lot of time during which its value could fall. Derivatives with shorter maturities would also be considered less risky. To compensate for this perceived risk, buyers of high-duration securities will typically seek compensation in the form of lower prices or higher risk premiums. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. The risk of impairment of collateral based on historical volatility is shown in the following table: Bond maturity (years)13510Price volatility (%) (annualized)0.61.21.73.4Repo tenorNumber of standard deviations required to lose 10%1 day25813694487 days98523618 In the table above, the price volatility of a 10-year bond is about 3.4% annualized. Emma is Chief Financial Officer (CFO) of a mid-market listed company. As part of his portfolio of responsibilities, he must ensure that the company has sufficient working capital to carry out its activities. For the avoidance of doubt, it should be noted that a “benchmark transition event” has occurred in relation to a benchmark when a public statement or publication of the above information has taken place for each then-available duration of that benchmark (or the published component used in its calculation).
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