GOFO definition
GOFO means, in respect of a Fee Calculation Reset Day, the rate (expressed as a percentage per annum) determined by the Programme Swap Counterparty equal to the arithmetic mean of the loco London gold lending rates in U.S.$ for a period of three months which appear on the Reuters Screen GOFO Page and the related Reuters Screen GOFP Page and the Reuters Screen GOFQ Page under the heading “London Interbank Forward Bullion Rates Loco London Gold Lending Rates (VS U.S.$)” (or any respective successor screen page thereto as determined by the Programme Swap Counterparty) as of 11:00 London time on the day that is two London Business Days preceding such Fee Calculation Reset Day. If any such rate does not appear on the Reuters Screen GOFO Page and/or the related Reuters Screen GOFP Page and/or the Reuters Screen GOFQ Page (or any relevant successor screen page thereto), as applicable, the rate in respect of such page used to determine the GOFO rate in respect of such Fee Calculation Reset Day shall be deemed to be equal to the rate last published on such Reuters Screen GOFO Page, Reuters Screen GOFP Page or Reuters Screen GOFQ Page (or the relevant successor screen page applicable thereto), as applicable, provided that if any of the Reuters Screen GOFO Page, the related Reuters Screen GOFP Page and/or the Reuters Screen GOFQ Page (or any successor screen page thereto) ceases to exist or to publish the relevant rate and the Programme Swap Counterparty determines that no such successor screen page exists the GOFO rate (or the method for determining the GOFO rate) for such Fee Calculation Reset Day shall be determined by the Programme Swap Counterparty in good faith and notified to the Issuer and the Determination Agent.
GOFO means the Gold Forward Offered Rate;
GOFO means the rate of interest per annum, calculated on the basis of a year of 360 days that appears as such on the Reuters page GOFO at 11:00 a.m. (London time) on the second Business Day following the relevant Quarterly Calculation Date or if no rate is available on such date, the linear interpolation of such rate on such date to a maximum of 12 months;
Examples of GOFO in a sentence
Gold Rate (expressed as a rate per annum) for each Fixed Period (as defined in Clause 5.3.2) is the USD LIBOR rate minus GOFO (the Gold Forward Rate) as at the first Business Day of each Fixed Period plus XXXXX.
Gold Rate (expressed as a rate per annum) for each Fixed Period (as defined in Clause 5.3.2) is the USD LIBOR rate minus GOFO (the Gold Forward Rate) as at the first Business Day of each Fixed Period plus XXXXX Gold Price is the Gold PM Fix on the first calendar day of each Fixed Period or when no such price is available, reference shall be made to the spot price (as determined in the manner set out in paragraph 2 of Schedule 2) as at 08.00 AM Perth time on the following day.
More Definitions of GOFO
GOFO means the average of mean offered quotations for the Consignment Fee
GOFO means the Reuters page containing interbank gold lending interest rates, fixed in London (London Interbank Gold Forward Rates Page),
GOFO means the average of mean offered quotations for the Consignment Fee ---- Period as at 10.00 a.m. GMT for each of the 3 Business Days which immediately precede the commencement of that Consignment Fee Period for London Interbank Forward Bullion Rates quoted on Reuters Monitor System pages GOFO and GOFP for US Dollars for that Consignment Fee Period;