Screen Rate Determination for Floating Rate Notes. Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, subject as provided below, be either:
Screen Rate Determination for Floating Rate Notes if the Reference Rate is Compounded Daily XXXXX Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, and if the Reference Rate is specified in the applicable Final Terms as being Compounded Daily XXXXX, then the Rate of Interest applicable to the Notes for each Interest Period will be Compounded Daily XXXXX plus or minus (as indicated in the applicable Final Terms) the applicable Margin, all as determined by the Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) on the Interest Determination Date for such Interest Period. If, in respect of any London Banking Day in the relevant Observation Period, the XXXXX rate is not available on the Relevant Screen Page or has not otherwise been published by the relevant authorised distributors, such XXXXX rate shall be the sum of: (i) the Bank of England’s Bank Rate (the “Bank Rate”) prevailing at close of business on such London Banking Day; plus (ii) the mean of the spread of the XXXXX rate to the Bank Rate over the previous five days on which a XXXXX rate has been published, excluding the highest spread (or, if there is more than one highest spread, one only of those highest spreads) and lowest spread (or, if there is more than one lowest spread, one only of those lowest spreads). If the Rate of Interest cannot be determined in accordance with the foregoing provisions, the Rate of Interest shall be (i) that determined as at the last preceding Interest Determination Date (though substituting, where a different Margin or Maximum Rate of Interest or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to the relevant Interest Period, in place of the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to that last preceding Interest Period) or (ii) if there is no such preceding Interest Determination Date, the initial Rate of Interest which would have been applicable to the Notes for the first Interest Period had the Notes been in issue for a period equal in duration to the scheduled first Interest Period but ending on (and excluding) the Interest Commencement Date (but applying the Margin and any Maximum Rate of Interest or Minimum Rate of Interest applicable to the first Interest ...
Screen Rate Determination for Floating Rate Notes. Average SOFR
Screen Rate Determination for Floating Rate Notes. The Rate of Interest for each Interest Period will, subject as provided below, be either:
Screen Rate Determination for Floating Rate Notes referencing SOFR Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is SOFR:
Screen Rate Determination for Floating Rate Notes. A. Floating Rate Notes other than €STR Linked Interest Notes, XXXXX Linked Interest Notes, Federal Funds Rate Linked Interest Notes, CMS Linked Interest Notes, Compounded Daily SOFR Linked Interest Notes or Weighted Average SOFR Linked Interest Notes Where Screen Rate Determination is specified in the Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, subject as provided below, be either:
Screen Rate Determination for Floating Rate Notes. This Condition 4(b)(ii)(A) applies where the applicable Final Terms specifies both “Screen Rate Determination” and “Term Rate” to be ‘Applicable’.
