Euro Mid-Swap Rate definition
Euro Mid-Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 10 Year Euro Swap Rates, as determined by the Joint Lead Managers at the time of pricing.
Examples of Euro Mid-Swap Rate in a sentence
The Interest Rate in respect of each Interest Period falling in a Reset Period shall be the aggregate of the Margin and the relevant 5 Year Euro Mid-Swap Rate for such Reset Period, all as determined by the Calculation Agent (each a “Reset Interest Rate”).