Corresponding Tenor definition

Corresponding Tenor with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.
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Corresponding Tenor means, with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding any business day adjustment) as the applicable tenor for the then-current Benchmark.
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Corresponding Tenor means, with respect to any Available Tenor, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.
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Examples of Corresponding Tenor in a sentence

  • With respect to the Benchmark, the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor.

  • For example, the Corresponding Tenor for 1-month USD LIBOR may be a 30-day SOFR-based rate.The definition of “Corresponding Tenor” is set forth below:with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

  • For resettable fixed rate securities, in line with current market practice where there does not exist official fixings beyond 12-months for SOR, a screen page or broker page, as determined by the Independent Adviser or the Issuer having given due consideration to any industry-accepted market practice (including, for example, using SORA-OIS for the Corresponding Tenor) can be used as the Benchmark Replacement for the Original Reference Rate.

  • This is expected to be the case where the Benchmark Event has been deemed to occur only with respect to the Original Reference Rate for the Corresponding Tenor, but has not occurred with respect to the Original Reference Rate for other tenors.

  • Corresponding Tenor with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.


More Definitions of Corresponding Tenor

Corresponding Tenor with respect to a Benchmark Replacement meansany Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the LIBO Ratesuch Available Tenor.
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Corresponding Tenor means (i) with respect to Term SOFR, three months, and (ii) with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.
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Corresponding Tenor with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the Eurodollar Base Rate.
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Corresponding Tenor means (i) with respect to Term SOFR, three months or such number of months specified in the applicable Pricing Supplement, and (ii) with respect to a Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.
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Corresponding Tenor with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustments) as the applicable tenor for the then-current Benchmark;
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Corresponding Tenor means, with respect to a SOFR Benchmark Replacement, a tenor (including overnight) having approximately the same length (disregarding any applicable Business Day Convention) as the applicable tenor for the then-current SOFR Benchmark;
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Corresponding Tenor. With respect to a Benchmark Replacement, an approximately one-month tenor (including overnight) (disregarding Business Day adjustment).
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