EuroSTR definition
EuroSTR is the euro short term rate (€STR) provided by the European Central Bank as administrator of the benchmark (or a successor administrator) on the ECB’s Website;
EuroSTR means the euro short term rate administered by the European Central Bank (or any successor administrator) as administrator of the benchmark and published on the ECB’s Website. Principal Agreements which reference EUR-EONIA-OIS-COMPOUND shall be amended by deleting in their entirety in the definitions of the Cost of Carry Rate and the Default Cost of Carry Rate, and inserting instead the following definitions: The “Cost of Carry Rate” and “Default Cost of Carry Rate” shall each be redefined to mean “EUR-EuroSTR-COMPOUND” where EUR-EuroSTR-COMPOUND will be calculated as follows, and the resulting percentage will be rounded, if necessary to the nearest one ten-thousandth of a percentage point (0.0001%): where:
EuroSTR means the euro short-term rate (€STR) administered by the European Central Bank (or any successor administrator).
More Definitions of EuroSTR
EuroSTR or “€STR” means the euro short term rate administered by the European Central Bank (or any successor administrator) as administrator of the benchmark and published on the ECB’s Website;