CHF-SARON definition
CHF-SARON means the rate for a Reset Date for SARON as provided by the administrator of SARON to, and published by, authorized distributors of SARON in respect of that day at or after 6:00
CHF-SARON means that the rate for a Reset Date will be SARON as provided by the administrator of SARON to, and published by, authorized distributors of SARON in respect of that day at or after 6:00 p.m., Zurich time (or any amended publication time as specified by the administrator of SARON in the SARON benchmark methodology), on the SARON Fixing Day, as calculated pursuant to the applicable Compounding Method, provided that the following shall apply: