post-trade SSTI and LIS thresholds for SFPs
determined not to have a liquid market if Test 1 is
passed EN 84 EN 4. Securitised derivatives Table 4.1
Securitised derivatives classes not having a liquid
market Asset class - Securitised Derivatives means a
t
Segmentation criterion 1 - underlying interest rate
or underlying interest rate future or FRA
Segmentation criterion 2 - term of the underlying
interest rate Segmentation criterion 3 - time to
maturity bucket of the option defined as follows:
Maturity buc
time to maturity bucket of the swap defined as
follows: Maturity bucket 1: 0 < time to maturity 1
month Maturity bucket 2: 1 month < time to
maturity 3 months Maturity bucket 3: 3 months <
time to maturity 6 months Maturity bucket 4: 6
months < time to ma
determined not to have a liquid market as per
Articles 6 and 8(1)(b) if it does not meet one or all
of the following thresholds of the quantitative
liquidity criteria. For sub-classes determined to have
a liquid market the additional qualitative liquidity
criterion 2 - time to maturity bucket of the swap
defined as follows: Maturity bucket 1: 0 < time to
maturity 1 month Maturity bucket 2: 1 month <
time to maturity 3 months Maturity bucket 3: 3
months < time to maturity 6 months Maturity
bucket 4: 6 month
classes as defined below EN 89 EN Average daily
notional amount (ADNA) [quantitative liquidity
criterion 1] Average daily number of trades
[quantitative liquidity criterion 2] Additional
qualitative liquidity criterion a swaption sub-class is
defined by t
considered to have a liquid market For the purpose
of the determination of the classes of financial
instruments considered not to have a liquid market
as per Articles 6 and 8(1)(b) the following
methodology shall be applied EN 85 EN Table 4.2
Securitised
swap are denominated Segmentation criterion 2 time to maturity bucket of the swap defined as
follows: Maturity bucket 1: 0 < time to maturity 1
month Maturity bucket 2: 1 month < time to
maturity 3 months Maturity bucket 3: 3 months <
time to maturity 6 m
currencies and where the cash flows of both legs
are determined by fixed interest rates EUR
50,000,000 1 0 Asset class - Interest Rate Derivatives
Sub-asset class Each sub-class shall be determined
not to have a liquid market as per Articles 6 and 8(1)
(b
swap where two parties exchange cash flows
denominated in different currencies and where the
cash flows of both legs are determined by floating
interest rates EUR 50,000,000 1 0 Fixed-to-Float
'multi currency swaps' or cross-currency swaps and
futures/for
classes as defined below EN 91 EN Average daily
notional amount (ADNA) [quantitative liquidity
criterion 1] Average daily number of trades
[quantitative liquidity criterion 2] Additional
qualitative liquidity criterion a fixed-to-fixed multi
currency sub-
have a short-term Medium-term: the underlying
deliverable bond with a term between 4 and 8 years
shall be considered to have a medium-term Longterm: the underlying deliverable bond with a term
between 8 and 15 years shall be considered to have
a long-term
class - Interest Rate Derivatives any contract as
defined in Annex I, Section C(4) of Directive
2014/65/EU whose ultimate underlying is an
interest rate, a bond, a loan, any basket, portfolio or
index including an interest rate, a bond, a loan or
any othe
criterion 1 - underlying bond or underlying bond
future/forward Segmentation criterion 2 - time to
maturity bucket of the option defined as follows:
Maturity bucket 1: 0 < time to maturity 3 months
Maturity bucket 2: 3 months < time to maturity 6
months M
Float 'single currency swaps' a swap or a
future/forward on a swap where two parties
exchange cash flows denominated denominated in
the same currency and the cash flows of one leg are
determined by a fixed interest rate while those of
the other leg are de
market with respect to a specific time to maturity
bucket and the sub-class defined by the next time to
maturity bucket is determined not to have a liquid
market, the first back month contract is determined
to have a liquid market 2 weeks before expiratio
liquid market as per Articles 6 and 8(1)(b), each subasset class shall be further segmented into subclasses as defined below EN 93 EN Average daily
notional amount (ADNA) [quantitative liquidity
criterion 1] Average daily number of trades
[quantitative li
6: over 10 years Swaptions EUR 500,000,000 1 0
Asset class - Interest Rate Derivatives Sub-asset class
Each sub-class shall be determined not to have a
liquid market as per Articles 6 and 8(1)(b) if it does
not meet one or all of the following thresholds
LIS post-trade Threshold value Threshold value
Threshold value Threshold value EUR 100,000 EUR
250,000 EUR 500,000 EUR 1,000,000 Asset class Structured Finance Products (SFPs) Pre-trade and
post-trade SSTI and LIS thresholds for all SFPs if Test
1 is not
OIS multi currency swap, futures/forwards on OIS
multi currency swap Segmentation criterion 2 notional currency defined as the currency in which
the notional amount of the option is denominated
Segmentation criterion 3 - inflation index if the
underlying
the Rune would dare to bring more than two of these items
together. After all, the escalation of the blades power is great,
and unless it fits a plan of some depth for the Rune, it is better
to hoard the power and remain beneath the notice of those
who wo
distant people of Sers are the tritons, the deep-dwelling folk
who rarely interact with the other racesthat is, until recently.
Tritons have long been the guardians of the depths, keeping
many secrets and dangers from creating more than ripples in
the dee
the Nine Towers. 71 916 DR (986 TS): Rise of Esroch/
Expansion of Asarem. The shalarin of the Fourth Passing and
children of other generations found a new kingdom within the
lower depths of Easting Reach to expand Asarem to its
manifest destiny from the H
replacement, Vangerdahast. Spending the last century of his
exile in the Inner Sea, Jorunhast ventured far from the shores of
his tower at Prespur. Given the current situations in the Inner
Sea, he has begun spreading knowledge of this spell to those
alli
the koalinth hatred of one particular race will provoke special
attentions toward sea elves. During raids and hordes, while they
mow everything else down in their paths, koalinth attempt to
capture any sea elves alive to be brought back to their caverns
f
they have mentally put in place. A warrior is a warrior, while a
cook is a provider, and they cannot be the same. As a race,
shalarin are quite open and polite, though they avoid sea elves
to a certain degree due to the early persecutions visited upon
the
creatures outside the sphere if they understand each others
languages. Additionally, anyone in combat inside an airy water
sphere does not suffer the negative effects of underwater
combat and combat occurs normally. Example 2 Helm of
Underwater Action: Th
sailing are considerable. Thus, with so much of the shipping
hugging the coasts, that should be the area where most
shipwrack is found. In general, there are more shipwrecks along
the shallow waters of the Vilhon Reach and the southern shores
of Thay and
than a select few sages of note. Netheril The fabled era of
Netheril spawned so many wild tales and even wilder magic
that few folk know where truth and fiction separate. There are
hundreds of stories about Netherese wizards creating fish-men
or parting t