Floating Rate Option definition

Floating Rate Option has the meaning given to it in the ISDA Definitions;

Floating Rate Option means, in respect of a Series of Floating Rate Securities, the option (which may, but need not, be provided in the ISDA Definitions) which is specified in the Issue Terms of such Securities.

Floating Rate Option. Bank Xxxx Rate for the Accrual Period corresponding to the Calculation Period Spread: Weighted Margin in respect of the relevant Distribution Date plus [0.71]% per annum Floating Rate Day Count Fraction: Actual/365 (Fixed) Business Day: Sydney Business Day Convention: Following

Examples of Floating Rate Option in a sentence

• Where ISDA Determination applies to the calculation of interest, the applicable Final Terms will also specify the applicable Floating Rate Option, Designated Maturity and Reset Date.

• Where ISDA Determination applies to the calculation of interest, the applicable Final Terms will also specify the applicable Floating Rate Option, Designated Maturity, Reset Date and any Calculation Agent.

• Where the Floating Rate Option specified is an “IBOR” Floating Rate Option, the Rate of Interest may be determined by reference to the relevant screen rate or the rate determined on the basis of quotations from certain banks.

• Where ISDA Determination is specified in the applicable Final Terms (or in the case of Exempted Notes, the Pricing Supplements) as the manner in which the Rate of Interest in respect of an issue of Floating Rate Notes is to be determined, the Conditions provide that the Rate of Interest in respect of the relevant Notes shall be determined by reference to the relevant Floating Rate Option in the 2006 ISDA Definitions.

• The Borrower shall provide a written notice of its election of the Floating Rate Option or the Fixed Rate Option that will apply from the end of the Initial Rate Period to the extended Initial Prepayment Date to the Lender and the Issuer at least 30 days prior to the end of the Initial Rate Period.

More Definitions of Floating Rate Option

Floating Rate Option means, in relation to a Note to which ISDA Determination applies, a rate or price source specified as such in the relevant Pricing Supplement.

Floating Rate Option. “Designated Maturity” and “Reset Date” have the meanings given to those terms in the ISDA Definitions.

Floating Rate Option as defined in the Corridor Contract.

Floating Rate Option means, in respect of a Series of Floating Rate Notes, the option (which may, but need not, be provided in the ISDA Definitions) which is specified in the Issue Terms of such Notes.

Floating Rate Option. Quarterly Basis Swap Administered Rate in relation to the relevant Quarterly Distribution Date Floating Rate Day Actual/365 (Fixed) Count Fraction: FLOATING BBSW WEIGHTED RATE AMOUNTS: Floating BBSW Rate Party A Payer: Floating BBSW Rate Each Quarterly Distribution Date Payer Payment Dates:

Floating Rate Option. For the Calculation Period related to a Floating Rate Payer Payment Date, the lesser of (a) USD-LIBOR-BBA with a Designated Maturity of 1 month and (b) the "Ceiling Rate" set forth in Schedule A hereto for such Floating Rate Payer Payment Date.

Floating Rate Option. Basis Swap Administered Rate in relation to the Distribution Date Floating Rate Day Count Fraction: Actual/365 (Fixed) Floating BBSW Weighted Rate Amounts: Floating BBSW Rate Payer: Party A Floating BBSW Rate Payer Payment Dates: Each Distribution Date Floating Rate Option: Bank Bill Rate for the Accrual Period corresponding to the Calculation Period Spread: Weighted Margin in respect of the relevant Distribution Date plus [____]% per annum Floating Rate Day Count Fraction: Actual/365 (Fixed) Business Day: Sydney Business Day Convention: Following