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13.4 AMENDMENT - Tom Russell seconded by Rog Wood moved the Council will provide funding of £273,200 in 1998/99 (pro-rata from date of transfer) to be annually up-rated from 1999/2000 onwards by the same up-rating factor identified by Corporate Finance when the Council is setting its revenue budget, …
The Weighting Value ("W" value) is used in two of the three components of the mod calculation. It is first used in the calculation of the Stabilizing Value (Column 12). Secondly, it is used to calculate the Ratable Excess (Column 13) by determining the percentage of Excess Losses (Items C & F) that are considered in the mod formula. The primary function of the "W" factor is to give weight to excess losses, depending on the credibility of the risk.
This weighting factor is found in the WCERP manual in the state rate pages, based on the amount of Total Expected Losses (Item D), and may range, for example, from 0.07 to 0.63 (varies by state and over time), increasing with the size of the insured to reflect increasing credibility of loss statistics.
Weighted average Coupon. The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor.
Weighted average maturity. The weighted average maturity of an MBS is the weighted average of the remaining terms to maturity of the mortgages underlying the collateral pool at the date issue, using as the weighting factor the balance of each of the mortgages as of the issue date.