Examples of Reference Interest Rate in a sentence
For the avoidance of doubt, if the event giving rise to the Reference Interest Rate Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Reference Interest Rate Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.
The Reference Interest Rate shall be replaced with the reference rate, which is determined by any applicable law or regulation or announced by the administrator of the Reference Interest Rate, the competent central bank or a regulatory or supervisory authority as the successor rate for the Reference Interest Rate and the source of which is accessible to the Calculation Agent.
The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than -5% p.a. and will not exceed 5% p.a. hc Hedging Cost: 0% p.a .on the Issue Date.
A “tracker rate” is a rate which moves in line with changes to a Reference Interest Rate.
U.S. Treasury Futures and Forward-Starting Libor Reference Interest Rate Swaps (“Treasury Invoice Spreads”)Contingent trades in Treasury Invoice Spreads where the block trade minimum thresholds for block trades in outright CBOT Treasury futures are circumvented are prohibited.