Business and Personal Finance Dictionary

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• PORTFOLIO MARKET VALUE SENSITIVITY LEVEL (PMVS-L)
  
  Shows the estimated loss in pre-tax portfolio market value from an immediate adverse 50 basis point parallel shift (up or down) in the level of London Inter-Bank Offered Rates ("LIBOR") (that is, when the yield at each point on the LIBOR curve increases or decreases by 50 basis points). This disclosure reflects the average of the daily PMVS-L estimates for the given month or quarter.** This estimate does not take into account any rebalancing actions that we would typically take to reduce risk exposure.
  
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