Reuters Screen EURIBOR01 definition
Examples of Reuters Screen EURIBOR01 in a sentence
Unless we specify otherwise in the applicable pricing supplement, EURIBOR will be determined in the following manner: • EURIBOR will be the offered rate for deposits in euros having the index maturity specified in the applicable pricing supplement, beginning on the second euro business day after the relevant EURIBOR interest determination date, as that rate appears on Reuters Screen EURIBOR01 page as of 11:00 A.M., Brussels time, on the relevant EURIBOR interest determination date.
If, however, the Issuer determines that EURIBOR has been discontinued, but for any reason an Alternative Rate has not been determined, the rate of EURIBOR for the next interest period will be equal to such rate on the interest determination date when EURIBOR was last available on Reuters Screen EURIBOR01 Page, as determined by the Calculation Agent.
If five or more of such offered quotations are available on the Reuters Screen EURIBOR01, the highest (or, if there is more than one such highest, only one of such quotations) and the lowest (or, if there is more than one such lowest, only one of such quotations) shall be disregarded by the Agent Bank for the purposes of determining the arithmetic mean (rounded as provided above) of such offered quotations.