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+Article 257 1. |
Article 257 1.For the purposes of Subsection 3 and subject to paragraph 2, institutions may measure the maturity of a tranche (MT) as either:
(a)
the weighted average maturity of the contractual payments due under the tranche in accordance with the following formula:
where CFt denotes all contractual payments (principal, interests and fees) payable by the borrower during period t; or
(b)
the final legal maturity of the tranche in accordance with the following formula:
where ML is the final legal maturity of the tranche. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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