Overnight Reference Rate definition

Overnight Reference Rate means in relation to any Reference Rate Business Day:
Sample 1Sample 2Sample 3
Overnight Reference Rate means the reference rate set by the Authority in relation to a Standing Facility;
Sample 1Sample 2Sample 3
Overnight Reference Rate means, "SOFR" in relation to any USGS Business Day, a reference rate equal to the daily Secured Overnight Financing Rate as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) published at or around 3:00 p.m. (New York City time) on the New York Federal Reserve's Website on the next succeeding USGS Business Day for trades made on such USGS Business Day;
Sample 1

Examples of Overnight Reference Rate in a sentence

  • The loan matures on November 23, 2023, and bears interest at the Turkish Lira Overnight Reference Rate (“TLREF”) plus 3.5944% per annum.

  • In the case of conventional Standing Facilities, the Authority shall, in its discretion, determine the Overnight Reference Rate and the Deposit Rate and Lending Rate will be announced on a scheduled basis on the Authority’s website.

  • Efforts to develop a Turkish Lira alternative have also led to the establishment of the Turkish Lira Overnight Reference Rate (TLREF),4 which has been published by Borsa Istanbul since 17 June 2019.5 These rates are based on a much higher number of transactions in robust markets, which provides for more reliable data in the calculation of references.

  • Where the Regulatory CSA is an Amended CSA, then: a) The Interest Rate will be the Overnight Reference Rate for the Base Currency as disclosed on the GS Prime Brokerage Client Web Portal.

  • Government bonds indexed to the Turkish Lira Overnight Reference Rate (TLREF) The diversity in instruments employed highlights Turkish efforts to appeal to different types of investors.

  • As "Observation Shift (Standard Shift)" is specified as the Observation Method and "Weighted Average Rate" is specified as the Determination Method, the Floating Rate will be determined by reference to the average of the Overnight Reference Rate on each calendar day during the Observation Period relating to the Relevant Interest Period.

  • We supported the creation of the Turkish Lira Overnight Reference Rate (TLREF) benchmark and linked products, including the inaugural TLREF overnight index swap.► Healthcare public-private partnerships (PPPs)► Energy efficiency► Environmental and social compliance in renewables► Agriculture subsidies► Non-performing loans resolution► Technical and vocational education► Support for refugeesenergy capacity.

  • With regard to the rest of the Group's subsidiaries, Garanti BBVA carried out a Tier 2 issue in February for Turkish Lira Overnight Reference Rate (TLREF) plus 250 basis points.

  • LS under medium network loading is approximated in HLDMaxcycleEq. (4).

  • If "Screen Rate Determination" is specified as "Applicable – Overnight Rate" in the relevant Final Terms and the "Overnight Reference Rate" is specified as Compounded Daily SONIA, the Rate of Interest for each Interest Period will, subject as provided below, be Compounded Daily SONIA plus or minus (as indicated in the applicable Final Terms) the Margin.

Related to Overnight Reference Rate

  • Reference Rate means the rate specified as such hereon.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Base Rate means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.