Examples of Observation Shift in a sentence

If, with respect to any Interest Period, the relevant rate is not published for the Compounded Index either on the relevant Start or End date, then the Agent shall calculate the rate of interest for that Interest Period as if Index Determination was specified in the applicable Final Terms as not being applicable and Observation Shift had been specified as the Observation Method in the applicable Final Terms, and where the Observation Shift Period shall be deemed to be the same as the Relevant Number.
The determination will follow a "Lookback without Observation Shift" approach such that for the purposes of the calculation: the RFR applicable to any RFR Banking Day in the Interest Period will be the RFR for the day which is the Lookback Period prior to that RFR Banking Day; and the weighting given to that RFR will be determined by reference to that RFR Banking Day.
The determination will follow a "Lookback with Observation Shift" approach such that: the RFR applicable to any RFR Banking Day in the Interest Period will be the RFR for the day (the "Observation Day") which is the Lookback Period prior to that RFR Banking Day; and the weighting given to that RFR will be determined by reference to the Observation Day.

More Definitions of Observation Shift

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of London Banking Days specified as the “Observation Shift Period” in the applicable Final Terms (or, if no such number is so specified, five London Banking Days); XXXXX reference rate means, in respect of any London Banking Day (LBDx), a reference rate equal to the daily Sterling Overnight Index Average (XXXXX) rate for LBDx as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Page (or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors) on the London Banking Day immediately following LBDx; and XXXXXx means the XXXXX reference rate for:

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of Business Days included in the Observation Look-back Period specified in the applicable Final Terms (which shall not be less than five Business Days without the consent of the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms));

Observation Shift is specified as the Observation Method, in respect of any Business Day, the SOFR in respect of such Business Day;

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant Observation Period; London Banking Day means any day on which commercial banks are open for general business (including dealing in foreign exchange and foreign currency deposits) in London; ni, for any London Banking Day "i", means the number of calendar days from (and including) such London Banking Day "i" up to (but excluding) the following London Banking Day;

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant London Banking Day “I”. For the avoidance of doubt, the formula for the calculation of Compounded Daily XXXXX only compounds the XXXXX Reference Rate in respect of any London Banking Day. The XXXXX Reference Rate applied to a day that is a non-London Banking Day will be taken by applying the XXXXX Reference Rate for the previous London Banking Day but without compounding.