Screen Rate Determination definition

Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Interest Rate is to be determined and the Reference Rate is specified in the relevant Final Terms as being “Compounded Daily ▇▇▇▇▇”, the Interest Rate for a ▇▇▇▇▇ Interest Accrual Period (as defined below) will, subject as provided below, be the Compounded Daily ▇▇▇▇▇ Formula Rate with respect to such ▇▇▇▇▇ Interest Accrual Period plus or minus (as indicated in the relevant Final Terms) the Margin (if any). In these Conditions:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Screen Rate Determination means, if specified as applicable in the applicable Final Terms or Pricing Supplement, the manner in which the Rate of Interest on Floating Rate Covered Bonds will be determined in accordance with Condition 5.03 (Interest on Floating Rate Covered Bonds) of the Conditions;

Screen Rate Determination means determination of the interest rate for Floating Rate Notes by reference to the relevant screen page for the applicable reference rate, as specified in the applicable Supplement.

Examples of Screen Rate Determination in a sentence

• The Rate of Interest in respect of Floating Rate Notes for each Interest Accrual Period shall be determined in the manner specified hereon and the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified hereon.

• In the case of Exempt Notes which are also Floating Rate Notes where the applicable Pricing Supplement identifies that Screen Rate Determination or CMS Rate Determination applies to the calculation of interest, if the Reference Rate from time to time is specified in the applicable Pricing Supplement as being other than EURIBOR or CMS Reference Rate, the Rate of Interest in respect of such Exempt Notes will be determined as provided in the applicable Pricing Supplement.

• For the purposes of this Condition 4.2(e) Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

• The Rate of Interest in respect of Floating Rate Instruments for each Interest Accrual Period shall be determined in the manner specified in the relevant Final Terms and the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified on this Instrument.

• The Rate of Interest in respect of Floating Rate Notes for each Interest Accrual Period shall be determined in the manner specified in the applicable Final Terms and the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified in the applicable Final Terms.

More Definitions of Screen Rate Determination

Screen Rate Determination means the manner in which the Rate of Interest is to be determined contained in Condition 6(b)(iii).

Screen Rate Determination has the meaning specified in the applicable Final Terms or Pricing Supplement;

Screen Rate Determination has, in relation to any Series of Covered Bonds, the meaning ascribed thereto in the applicable Final Terms.

Screen Rate Determination and “Overnight Rate” to be ‘Applicable’; (2) “Compounded Daily ▇▇▇▇▇” as the Reference Rate; and (3) “Index Determination” to be ‘Not Applicable’.

Screen Rate Determination means, in relation to a Tranche of Floating Rate Notes (where applicable), the manner (set out in Condition 7.3.3 as read with the Applicable Pricing Supplement) in which the Floating Interest Rate applicable to that Tranche is to be determined;

Screen Rate Determination is specified in the applicable Final Terms Document or Pricing Supplement as the manner in which the Rate of Interest is to be determined and the Reference Rate in respect of the relevant Series of Floating Rate Covered Bonds is specified in the applicable Final Terms Document or Pricing Supplement as being ▇▇▇▇▇, and the “Calculation Method” is specified as being “Compounded Daily Rate,” the Rate of Interest for each Interest Period will, subject as provided below, be Daily Compounded ▇▇▇▇▇ plus or minus (as indicated in the applicable Final Terms Document or Pricing Supplement) the Margin.

Screen Rate Determination is specified in the applicable Final Terms or Pricing Supplement for a Tranche as the manner in which the Interest Rate for such Tranche is to be determined, the Reference Rate is specified in the applicable Final Terms or Pricing Supplement as being SOFR and the Calculation Method is specified in the applicable Final Terms or Pricing Supplement as being “SOFR Index Rate with Observation Period Shift,” then the Interest Rate for each Interest Period shall be Compounded SOFR, as defined immediately below, plus or minus (as indicated in the applicable Final Terms or Pricing Supplement) the Margin.