LIBOR2 definition

LIBOR2 means (a) the rate (expressed as a percentage per annum) for deposits in United States dollars for the period from December 14, 2010 to January 27, 2011, such rate determined through the use of straight-line interpolation by reference to the rates for the one month period and two month period that appear on Bloomberg Screen “BBAM1<GO>“ as of 11:00 a.m., London time, on the second London Banking Day preceding December 14, 2010 (the “LIBOR2 Reset Date”); or
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Examples of LIBOR2 in a sentence

  • Short-term bank loans of RMB48,702,000 bore floating interest rate of LIBOR+2%.

Related to LIBOR2

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • CDOR has the meaning specified in the definition of “Eurocurrency Rate.”

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one-sixteenth of one percent) for deposits in U.S. Dollars for delivery on the first day of and for a period equal to such Interest Period in an amount equal or comparable to the principal amount of the Eurodollar Loan scheduled to be made by each Lender as part of such Borrowing, which appears on the Applicable Telerate Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • LIBOR Floor means 0.00%.