Reducing OTC derivative outstanding notional amounts
is a major contributor to achieving the leverage ratio goals of individual institutions and to enhancing stability in the financial markets.
The classes of offered certificates and of exchangeable certificates that are outstanding at any given time, and the outstanding principal balances and notional amounts
of these classes, will depend upon any related distributions of principal, as well as any exchanges that occur.
The classes of Exchangeable Initial Certificates and Exchangeable Certificates that are outstanding on any date and the outstanding principal balances (or notional amounts
, as applicable) of any such classes will depend upon the aggregate distributions of principal made to such classes, as well as any exchanges that may have occurred on or prior to such date.
ELS contracts are offered for a standard term of one calendar year in $5 million notional amounts
, utilizing ISDA (International Swaps and Derivatives Association) documentation.
Novant has a board approved swap policy which includes minimum financial threshold requirements for counterparties as well as limitations on total notional amounts
AMH has a draft board swap policy which includes limits on notional amounts
, counterparty requirements, and mandates weekly mark-to-market reporting to management and a monthly swap report to the board.
UPMC currently has swaps outstanding with total notional amounts
of $278 million.
of interest rate derivatives outstanding, which include interest rate swaps and options and cross-currency interest rate swaps, grew almost 6 percent to $213.
Factoring in this swap, Memorial will have eight derivative instruments in place with total notional amounts
of approximately $480.
In connection with the series 2005 bonds, PHS entered into two floating- to fixed-rate swaps effective June 3, 2005 with Goldman Sachs (rated 'AA-/F1+' by Fitch) for notional amounts
of business transacted in relation to the underlying asset, versus the net exposures participants have to one another after conducting offsetting transactions and other credit risk mitigation techniques, such as netting.
The issuer has issued the notes to fund the collateral required under the loss guarantee for a total notional amount
of $173,550,000; the senior swap and potential junior swap notional amounts
are $837,771,349 and $29,950,000, respectively.