Examples of Euro Reference Banks in a sentence
In this paper we identify how an exogenously induced commencing of trading by individual banks of CDS contracts on specific firms increased the provision of credit by these banks to these firms.
If such rate does not appear on Telerate Page 248, the rate for that EURIBOR Determination Date shall be determined on the basis of the rates at which deposits in Euros are offered by the Euro Reference Banks at approximately 11:00 a.m., Brussels time, on that day to prime banks in the Euro-zone interbank market for a three-month period (or, following an Acceleration Event, for a one-month period).
If the Euro Reference Rate cannot be ascertained as described in subparagraph (i) above, the Distribution Determination Agent will request each of the Euro Reference Banks to provide the Distribution Determination Agent with its offered quotation to prime banks in the Euro-zone interbank market for Euro deposits for a period of three (3) months commencing on the first day of the relevant Floating Distribution Period, at or about 11:00 a.m. (Brussels time) on the Determination Date.
If the Euro Reference Rate cannot be ascertained as described in subparagraph (i) above, the Coupon Determination Agent will request each of the Euro Reference Banks to provide the Coupon Determination Agent with its offered quotation to prime banks in the Euro-zone interbank market for euro deposits for a period of three (3) months commencing on the first day of the relevant Floating Coupon Period, at or about 11:00 a.m. (Brussels time) on the Determination Date.
If on any Determination Date the Euro Reference Rate is being calculated in accordance with subparagraph (ii) above, and only two (2) or three (3) of the Euro Reference Banks provide offered quotations, the Euro Reference Rate shall be calculated in accordance with the provisions of subparagraph (ii) above, based on the offered quotations of those Euro Reference Banks providing offered quotations.