tranche

It then had the calorific value of this baseline diet cut, in three monthly tranches, until it had been reduced by a total of 30%.

He told me with a straight face that these CDOs were the only way to get rid of the riskiest tranches of Subprime debt.

The banks that wrapped senior debt tranches with AIG did not have to set aside so much regulatory capital.

The investors of this product involve correlation risks since the prices of respective tranches depend on joint default correlations.

They would never have taken such a punt on high- yield securities or equity tranches of collateralized debt obligations (CDOs ) .

The returns on these pools were then sliced into a hierarchy of "tranches" that were sold to investors as separate classes of securities.

Among other things, the yuan is now used to settle trade deals and to denominate tranches of investments.

Bernanke is likely to buy tranches of Treasuries quarterly, spread out over a year.

So far, defaults have hit only three of the mortgage tranches it has rated.

So in a synthetic CDO, those who owned the riskiest tranches got more of the premium but lost out when defaults occurred.

The cost of insurance against default for the riskiest tranches of subprime debt has soared.

It runs out in that year, but all loan tranches paid until then will continue under the old umbrella.

The proposal has two tranches covering the $14. 4 billion owed to the bank lenders.

AIG came to specialise in insuring holders of what it believed were the safest CDOs, known as "super-senior" tranches (see below).

Wind, solar, nuclear and hydroelectric projects are already receiving their first tranches of investments from stimulus money.

Once that happens, the holders of the top tranches, those once rated triple A, can opt to liquidate the CDO.

Traditional CDOs bundled bonds into portfolios and then split those portfolios into tranches, depending on investors' appetite for risk.

The generous yield provided by those tranches suggested they were much riskier than widely assumed.

Often, CDOs included not just mortgage-backed securities, but tranches of other CDOs, each maybe incorporating further CDOs.

AIG is now selling hybrid securities in dollar, euro and sterling tranches that will raise the equivalent of another $6. 5bn.

The Magnetar controversy centres on how it financed its bet against the triple-A tranches of CDOs that Citi trusted.

That could reduce demand for tranches of nearly equivalent risk, as firms become less keen to hold them.

Such collateralised debt obligations bundle together debts and slice them into tranches of varying return and risk.

The Subscription will be made in up to four tranches subject to certain terms and conditions as set out below.

Second, the new mechanism allows the HKMC to offer, under separate tranches of the same issue, bonds of different maturities and yields.

At worst, Moody's says, the vast majority of tranches insuch CDOs would be downgraded to junk-bond status.

That particular rush of blood to the brain leaves Rio owing two tranches of debt totalling $20bn, a sum conveniently provided by Chinalco.

But unlike a mutual fund, a CDO has different tranches that give investors different rights over this portfolio.

CDOs are pools of debt that are sliced into tranches of varying risk and return that sold onto investors.

The credits have even become an industry unto themselves: brokers slice them into tranches and trade them.

It now expects losses on these tranches to be "immense" .

These credit pools are divided into frontline tranches of pawns that defended the kings and queens .

In the Valley, employees typically receive options that "cliff-vest" in one-year tranches over four years.

The first tranches of bonds, offering 6. 85% and a sovereign guarantee, were oversubscribed.

The market value of some tranches has slumped to less than ten cents on the dollar.

Stripping out shares that are not liquid and international tranches brings the ratio down to just 38 per cent.

But there are circumstances when automatic access to the tranches may not be beneficial.

The owners of the riskiest tranches often have the most voting power.

Losses will be magnified for investors inthe junior tranches.

In return Rio is buying out Ivanhoe shares in tranches that will eventually approach 50 per cent.

Both Citiand Merrill, for instance, held on to the senior tranches of CDOs, which havesince gone bad.

The Cnooc bond was issued in two tranches with maturities of 10 and 30 years, for instance.

The retail and institutional tranches were more than 500 times and 40 times subscribed respectively.

The coming issue will be divided into two tranches, of 3-year and 5-year maturity, for selection by the retail investors.

'That is a prerequisite for the payment of future tranches of the program, ' Mr. Seibert said.

An investor may subscribe for one or more of the above tranches.

The new issue will be divided into four tranches.

The bond sale is split into two tranches and will be priced to convert at $45 and $60 a share.

The super senior tranches did have some attractions for banks.

For example, as interest payments on the underlyingbonds come in, they will first be allocated to the senior tranches.

sets up annual project plan at Tranches application with actual technical design and scope;

The issue will be divided into three tranches and their respective tenor and coupon are as follows

Drawing in the credit tranches

Drawing in the gold tranches