EDFR Spread definition
EDFR Spread means (i) if there is no ECB Recommended Rate prior to the ECB Rate Exclusion Period, the arithmetic mean of the daily difference between the €STR® and the Eurosystem Deposit Facility Rate during an Observation Period of 30 TARGET Business Days commencing 30 TARGET Business Days (inclusive) prior to the day, on which the Fallback Index Termination Event the Fallback Rate (€STR®) occurs (or, if later, 30 TARGET Business Days (inclusive) prior to the day on which the Fallback Index Termination Event in respect of €STR® occurs) and ends on the TARGET Business Day (inclusive) immediately preceding the day of the relevant Fallback Index Termination Event or (ii) if a Fallback Index Termination Event occurs with respect to the ECB Recommended Rate, the arithmetic mean of the daily difference between the ECB Recommended Rate and the Eurosystem Deposit Facility Rate during an Observation Period of 30 TARGET Business Days, commencing 30 TARGET Business Days (inclusive) prior to the day on which the Fallback Index Termination Event occurs with respect to the ECB Recommended Rate and ending on the TARGET Business Day (inclusive) immediately preceding the day of such Fallback Index Termination Event. For the avoidance of doubt, the EDFR Spread shall be determined by the Calculation Agent.
EDFR Spread means the arithmetic mean of the daily difference between EONIA and the EDFR over a calculation period of thirty
EDFR Spread means the arithmetic mean of the daily difference between EONIA and the Eurosystem Deposit Facility Rate over a calculation period of 30 TARGET Business Days starting 30 TARGET Business Days prior to (and including) the first preceding date in respect of which EONIA was Available;
More Definitions of EDFR Spread
EDFR Spread bezeichnet: "EDFR Spread" means: