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The option is comprised of 12 equal "tranches," each tranche representing 1percentt of Tesla's shares.
The "protected" part of a "protected series" comes from the statutory benefit that the assets and operations of each tranche of equity is protected from the liabilities of other tranches and their assets and operations -- in effect, each tranche is "walled off" from every other tranche (and the parent organization), and to a significant degree exists as its own entity.
Interests in each tranche are then sold to institutional investors.
"I have been incredibly focused on each tranche of our ticket sales.
If Treasury has to approve each tranche of QE, then independence is surely compromised?
The coupon payments of each tranche depend on the level of the loss rates of the underlying motor insurance pool.
Similar(32)
They were designed to assess the experience of TIs transitioning in each transition tranche in the Southern states. 1 A total of 15 TIs were studied over four rounds of data collection.
Each time a tranche from Moritz is given, the university must raise $77 million, in addition to the billionaire's gift and the matching funds from its endowment, before it can receive the next installment of the donation.
This spring, Centre Court debentures were trading between £55,000 and £65,000 each for the latest tranche, which are valid until 2015.
Typically, the repayment risk on a pool of 50-100 loans is sliced into tranches, with the lowest tranche (called the equity tranche) bearing any initial losses.
Specific tranches typically come from tranches where the VQSLOD score changes by small amounts even as the tranche percentage is decreased, and sensitive tranches are typically a non-negative VQSLOD score tranche that is more inclusive than the specific tranche.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com