Reset Margin definition
Examples of Reset Margin in a sentence
In particular, the applicable Final Terms will specify the Interest Commencement Date, the Reset Date, any Subsequent Reset Date(s), the Reset Margin, the Specified Currency, the Relevant Screen Page, the Floating Leg Reference Rate, the Floating Leg Screen Page and the Initial Mid-Swap Rate.
On the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter, the interest rate will be reset to the sum of the applicable Mid-Swap Rate and the Reset Margin as determined by the Calculation Agent on the relevant Reset Determination Date (each such interest rate, a Subsequent Reset Rate).
On the last day of the Remarketing Period prior to each relevant Transfer Date, the Remarketing Bank shall notify the Principal Paying Agent and the Issuer Swap Provider of the Reset Margin to apply on the Class A4 Notes for the immediately following Reset Period(s).
On or prior to the day which is (ten) 10 Business Days prior to each relevant Transfer Date, the Remarketing Bank shall notify the Principal Paying Agent and the Swap Counterparty of the Reset Margin to apply on the Class A Notes on and from the relevant Transfer Date.
If two or more of the Reference Banks provide the Principal Paying Agent with such offered quotations, the Subsequent Reset Rate for the relevant Reset Period shall be the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the offered quotations plus or minus (as appropriate) the applicable Reset Margin (if any), all as determined by the Principal Paying Agent.