10 Year CMT Rate definition
10 Year CMT Rate means the 10 Year Constant Maturity Treasury Yield, and shall be recalculated every ten years on the anniversary date of the first Interest Payment Date for each Series of Surplus Notes.
10 Year CMT Rate means the USD-CMT-T7051 Rate with a Designated Maturity of 10 years. “20-Year CMT Rate” means the USD-CMT-T7051 Rate with a Designated Maturity of 20 years. “30-Year CMT Rate” means the USD-CMT-T7051 Rate with a Designated Maturity of 30 years.
Examples of 10 Year CMT Rate in a sentence
Under the Trust Agreement, the Certificateholders are entitled to receive on each Distribution Date until March 15, 2014, distributions, to the extent available, at an initial rate, for the period ending September 15, 2004, of 3.71% per annum on the Stated Amount of the Certificates and thereafter, at a rate equal to 83% of the 10 Year CMT Rate, but in no event shall the rate be less than the 3.25% per annum or greater than 9.25% per annum.