Also found in: Financial.
TRUPSTrust Preferred Security (finance)
TRUPSCapital Trust Pass-Through Securities
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In addition, the Dodd-Frank Act generally eliminated TruPS as a form of regulatory capital for organizations exceeding $15 billion in consolidated assets.
v Trapeza CDO XII, LTD., has created concerns for community banks that use TruPS as part of their Tier 1 capital.
(2) "FDIC Prepares Offering of Trups CDOs," Asset-Backed Alert, June 2014, p.
Although there have been significant declines in the number of institutions reporting TruPS, the payment deferral periods for many of the remaining institutions have expired or are approaching expiration over the next few years.
This is the fifth TruPS CDO that redeemed in full following successful auction proceedings since 4Q17.
Jerry Pavlas, CEO of One Bank, believes that if Treasury takes over ownership of the bank shares, it will effectively wash out the TruPS debt and free the stock from any security claim.
probability stress for bank and insurance TruPS; (2) expanding the
A Guide to Trust Preferred Securities Trust preferred securities, or TruPS, have been a topic of much recent conversation.
Lincoln National Corporation (NYSE: LNC) has said that it will redeem all USD150m in outstanding 6.75 percent Series-F Trust Preferred Securities (Series F TRuPS) issued by Lincoln National Capital VI and guaranteed by Lincoln.
bank TruPS CDOs declined to 11.3% of the original collateral balance of $37.7 billion at the end of 2Q18 from 11.8% at the end of 1Q18, according to the latest index results published today by Fitch Ratings.
The third quarter of 2014 included a USD1.1 million gain on the sale of a commercial property held as other real estate, a USD258,000 charge on the redemption of the company's Statutory Trust 1 and Capital Securities (TRUPS), and a USD394,000 loss on disposal of fixed assets incurred in the quarter.