EUR-CMS definition
EUR-CMS means the annual swap rate for euro swap transactions, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 Page (or any Successor Source) under the heading “EURIBOR BASIS - EUR” and above the caption “11:00 AM FRANKFURT”.
EUR-CMS means the annual swap rate for euro swap transactions with a maturity of the Specified Period, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 Page (or any Successor Source as determined by the Calculation Agent) under the heading "EURIBOR BASIS -EUR" and above the caption "11:00 AM FRANKFURT" as of 11.00 a.m. Frankfurt time, on the relevant Coupon Determination Date. If such rate does not appear on such page (or any Successor Source as aforesaid) at such time on such day, subject as provided below and subject as provided in Product Condition 4.12, the rate shall be a percentage determined on the basis of the mid- market annual swap rate quotations provided by five leading swap dealers in the Euro-zone interbank market selected by the Calculation Agent (the "Reference Banks") at approximately 11.00 a.m., Frankfurt time, on the relevant Coupon Determination Date to prime banks in the Euro-zone interbank market. For this purpose, the mid-market annual swap rate means the arithmetic mean of the bid and offered rates for the annual fixed leg, assuming a 30/360 day count basis, of a fixed- for-floating interest rate swap transaction in EUR with a term equal to the Specified Period commencing on the first day of the related Coupon Period and in an amount (a "Representative Amount") that is representative of a single transaction in that market at the relevant time with an acknowledged dealer of good credit in the swap market, where the floating leg assuming an Actual/360 day count basis is equivalent to a Specified Period of 6 months. The Calculation Agent will request the principal office of each of the Reference Banks to provide a quotation of its rate. If at least three quotations are provided, the rate for such Coupon Period shall be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If no such rates are quoted, the rate for such Coupon Period will be the rate determined by the Calculation Agent by reference to such source(s) and at such time as it deems appropriate.
EUR-CMS means the annual swap rate for euro swap transactions, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 Page (or any Successor Source) under the heading "EURIBOR BASIS -EUR" and above the caption "11:00 AM FRANKFURT" as of 11.00 a.m. Brussels time, on the relevant Coupon Determination Date. If such rate does not appear on such page (or any Successor source as aforesaid) at such time on such day, subject as provided below, the Reference Rate shall be a percentage determined on the basis of the mid-market annual swap rate quotations provided by four major banks in the Euro-zone interbank market selected by the Calculation Agent (the "Reference Banks") at approximately 11.00 a.m., Brussels time, on the relevant Coupon Determination Date to prime banks in the Euro-zone interbank market. For this purpose, the mid- market annual swap rate means the arithmetic mean of the bid and offered rates for the annual fixed leg, assuming a 30/360 day count basis, of a fixed-for-floating interest rate swap transaction in EUR with a term equal to the Specified Period commencing on the Coupon Determination Date and in an