The contract would be
cancellable with six months' notice.
This will enable the building society to carry out credit default swaps, default digital swaps, options on credit default swaps,
cancellable credit default swaps and nth-to-default basket swaps, according to Principia.
The specialty markets also offer a standard
cancellable policy as well as a non-cancellable version, which cost anywhere from 500,000ドル to 5ドル million.
This agreement is
cancellable by the customer at any time which, in such case, would result in minimum revenues of at least USD1.3m to Geospace Technologies.
In addition, the generalized implicature in question is fully calculable and
cancellable.
The company has also entered into an interest rate swap,
cancellable without penalty after September 2012, swapping the LIBOR exposure on the term loan under the new senior facility to a fixed rate to maturity obligation of 1.994%.
The three notches for incremental non-performance risk reflect the notes' non-cumulative
cancellable coupons, which Fitch views as the most easily activated form of loss absorption.
Cancellable bank lines make up an important part of Shuaa's funding," the rating agency said.
Banks with large credit card and current account facilities that can be unconditionally
cancellable without notification will have to hold capital against unused facilities, affecting some US, EU and Asian banks.