First Tranche Petroleum (FTP) is the oil and gas shared by the parties in PSC before the cost recovery. Usually the FTP shared is between 10% - 20% of production. The FTP mechanism was applied for the first time in 1988 for Indonesian PSC, and for some oil and gas practitioners, FTP is treated as Quasi-Royalty.
A first loss tranche is the sum of all tranches up to an attachment point. For example, 0-6%, the sum of the 0-3% tranche and the 3-6% tranche, is a first loss tranche.
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La Tranche-sur-Mer's population is 2,691.
The area of La Tranche-sur-Mer is 17.63 square kilometers.
tranche
A 0-3 tranche refers to a specific segment of a structured finance product, typically in a collateralized debt obligation (CDO) or mortgage-backed security (MBS), where the tranche has the highest priority for receiving payments. This tranche usually has a lower risk of default and, consequently, a lower yield compared to lower-ranked tranches. In the context of credit ratings, a 0-3 tranche may be rated AAA or similar, indicating its perceived safety. Investors in this tranche are typically seeking more stable returns with less exposure to credit risk.
Tranche is a derivative of the same french word meaning "slice." In financial terms it means a part of a transaction, for example an investment could be divided by tranches and have varying terms and returns depending upon the tranche.
Petroleum was first found in Western Australia.
Tranche de vie - 2005 was released on: USA: 14 April 2005 (festival screening)
Slice or portion
bundle, number, tranche, portfolio, range
Tranche