Fed Funds Effective Rate definition

Fed Funds Effective Rate means, in respect of a day, the rate of interest (expressed as an annual rate) as published in Federal Reserve Statistical Release H.15 (519) or Reuters Screen FEDFUNDS 1 Page or Bloomberg Page FEDL01 INDEX or any substituted publication therefor, charged for federal funds (dollars in immediately available funds borrowed by banks on an overnight unsecured basis) on that day or the immediately preceding day for which it had a value, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate.
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Fed Funds Effective Rate means for any period, a fluctuating interest rate per annum for each day during such period equal to (a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the preceding Business Day) at 8:30 a.m. Eastern time by the Federal Reserve Bank of New York in the Composite Closing Quotations for U.S. Government Securities (such rate reflecting transactions from the prior Business Day); or (b) if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:30 a.m. (Chicago time) for such day on such transactions received by the Collateral Agent from three federal funds brokers of recognized standing selected by it.
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Fed Funds Effective Rate means the daily effective federal funds rate calculated by the Federal Reserve Bank of New York as reported on Bloomberg under the FEDL function for the date in question.
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Examples of Fed Funds Effective Rate in a sentence

  • The strategy invests in short term interest rate futures (exposure to which will be adjusted to maintain an annualised volatility of 5%) based on the level and volatility of Fed Funds Effective Rate.

  • Any use of such index or its name must be with the consent of Deutsche Bank AG.DEUTSCHE BANK FED FUNDS EFFECTIVE RATE TOTAL RETURN INDEX The Deutsche Bank Fed Funds Effective Rate Total Return Index (Bloomberg: DBMMFED1<Index>) (the “Fed Funds Index”) is intended to measure the accrual of a daily rolled deposit invested at the federal funds effective rate.

  • CHOICE research found that consumers already have low levels of trust in the government when it comes to superannuation.7 This was due to what was seen as constant ‘shifting goalposts’ in the treatment of retirement savings.

  • This guidance permits the use of the Overnight Index Swap (OIS) rate based on Secured Overnight Financing Rate as aU.S. benchmark interest rate for hedge accounting purposes under ASC Topic 815 in addition to the U.S. Treasury rate, the LIBOR swap rate, the OIS rate based on the Fed Funds Effective Rate, and the SIFMA Municipal Swap Rate.

  • In the event that a change in the Fed Funds Effective Rate is announced or published at the time a Loan is outstanding, such change shall become effective at the time it is announced or published.

  • Prior to maturity, Advances shall bear interest at the Fed Funds Effective Rate plus 45/100 of 1% per annum.

  • These IDEX USD OTC Contracts are USD- denominated interest rate swaps that require the exchange of periodic annual fixed rate payments for annual floating rate payments based on the Fed Funds Effective Rate compounded over the life of the contract.

  • The floating rate payment for a given accrual period is equal to the notional principal value multiplied by the compounded Fed Funds Effective Rate multiplied by the accrual year of the floating leg of the swap.

  • In the United States, the interest rates on direct Treasury obligations of the U.S. government, the London Interbank Offered Rate (LIBOR) swap rate, the Fed Funds Effective Rate Overnight Index Swap Rate, the Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Rate, and the Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate are considered to be benchmark interest rates.

  • Its research indicates that the Fed Funds Effective Rate is more highly correlated to its lender’s prime rate than is LIBOR.


More Definitions of Fed Funds Effective Rate

Fed Funds Effective Rate means, in respect of an Index Business Day, the federal funds effective rate (expressed as a per annum percentage rate) in respect of such Index Business Day as published on Bloomberg page “FEDL01,” as determined by the Index Sponsor. If there is a subsequent correction to the Fed Funds Effective Rate, the Index Sponsor will determine in its sole and absolute discretion whether to subsequently correct the Index Closing Level to reflect such correction.
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Fed Funds Effective Rate means, for any period, a fluctuating interest rate per annum for each day during such period equal to (a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the preceding Business Day) by the Federal Reserve Bank of New York in the Composite Closing Quotations for U.S. Government Securities; or (b) if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:30 a.m. (Chicago time) for such day on such transactions received by the Agent from three federal funds brokers of recognized standing selected by it.
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Fed Funds Effective Rate means, in respect of a day, the rate of interest (expressed as an annual rate) as published in Federal Reserve Statistical Release
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Fed Funds Effective Rate means for any period, a fluctuating interest rate per annum for each day during such period equal to (a) the weighted
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Fed Funds Effective Rate means the “Federal funds (effective)” rate of interest as determined by the Index Sponsor based on information provided by a reputable market vendor of such information.
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Fed Funds Effective Rate means, for any day, a rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if the day for which such rate is to be determined is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the Business Day succeeding such next preceding Business Day, and (b) if such rate is not so published for any day, the Federal Funds Effective Rate for such day shall be the average of the quotations for such day on such transactions received by the Lender.
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Related to Fed Funds Effective Rate

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • Reference Rate means the rate specified as such hereon.