Floating Leg definition
Floating Leg means the interest rate used as reference rate to determine the variable payments payable under an interest rate swap.
Floating Leg means the interest rate used as benchmark to determine the variable payments paya- ble under an interest rate swap.
Floating Leg has the meaning given in the relevant Final Terms;
Examples of Floating Leg in a sentence
In particular, the applicable Final Terms will specify the Interest Commencement Date, the Reset Date, any Subsequent Reset Date(s), the Reset Margin, the Specified Currency, the Relevant Screen Page, the Floating Leg Reference Rate, the Floating Leg Screen Page and the Initial Mid-Swap Rate.
Interest rates and indices which are deemed to be “benchmarks” (such as, in the case of Floating Rate Instruments, a Reference Rate or, in the case of Reset Rate Instruments, a Mid-Swap Floating Leg Benchmark Rate) are the subject of recent national and international regulatory guidance and proposals for reform.