Examples of Reference Interest Rate in a sentence
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.
It refers to the fixed nominal amount.With regard to the interest periods for which a variable interest rate is applied, the interest rate depends on the development of a reference interest rate or a swap rate (the "Reference Interest Rate").
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.
In connection with the implementation of a Reference Interest Rate for the Relevant Currency Replacement, the Issuer or its designee will have the right to make Reference Interest Rate for the Relevant Currency Replacement Conforming Changes from time to time.Decisions and Determinations.