Rollover rate definition
Rollover rate means the rate as we may determine from time to time having regard to rolling from the front month underlying futures contract to the next serial futures contract; Settlement date means such settlement date following the closing date as we may reasonably determine in accordance with practice in the relevant market and notify to you at the time of entering into the contract; Specified date means in relation to a contract, the future date with reference to which the contract was entered into;
Rollover rate means for any Interest Period for each Rollover, the sum of (i) the rate of interest per annum at which deposits of equal (or like) amounts in United States dollars are offered by the principal office of The Bank of Nova Scotia in London, England, to prime banks in the London interbank market at 11:00 a.m. (London time), two Business Days before the first day of each Interest Period, for a period equal to such Interest Period plus (ii) 2.00%.