Swap Rate definition

Swap Rate means a charge by the Company for the interest cost and associated costs (positive or negative) incurred in relation to the overnight rollover (s) of an open position;
Swap Rate means the US-Dollar denominated interbank interest rate swap rates/LIBOR offered rates as shown on Reuters page ICAP and other comparable brokerage pages, adjusted for the chosen interest rate method (annual/semi-annual compounding, etc.).
Swap Rate if applicable, with respect to any Class Interest Rate Swap, shall have the meaning specified in the Series Term Sheet.

Examples of Swap Rate in a sentence

  • If you are long on a Margin FX Contract where the bought currency interest rates are higher than the sold currency interest rates you will receive interest at the Swap Rate if you hold the Contract overnight and do not close it before the settlement time.

  • The official closing level of the Index at the Valuation Time on the Valuation Date Asset 2 Settlement Price: The Swap Rate on the Valuation Date Index Adjustment Events: Index Cancellation: Cancellation Determination) and Payment (Calculation Agent Index Modification: Cancellation Determination) and Payment (Calculation Agent Index Disruption: Calculation Agent Adjustment; provided that if an Index Disruption occurs on a day that is also a Disrupted Day, Consequences of Disrupted Days shall apply.

  • The amount is determined by us and depends on our Swap Rate, being the rates at which you receive or pay interest on Positions that remain open overnight.

  • On the other hand, if you are short on a Margin FX Contract where the sold currency interest rates are lower than the bought currency interest rates then you will receive interest at the Swap Rate if you hold the Position overnight and do not close it before the settlement time.

  • If you are short on a Margin FX Contract where the sold currency interest rates are higher than the bought currency interest rates you will pay interest at the Swap Rate if you hold the Position overnight and do not close it before the settlement time.


More Definitions of Swap Rate

Swap Rate means, in relation to a Covered Bond or Series of Covered Bonds, the exchange rate specified in any Swap Agreement relating to such Covered Bond or Series of Covered Bonds or, if there is no exchange rate specified or if the Swap Agreement has terminated, the applicable spot rate;
Swap Rate means the rate determined by us from time to time having regard to, among things, Interbank Rates;
Swap Rate if applicable, with respect to any Interest Rate Swap, shall have the meaning specified in the Series Term Sheet. "Swap Trust Payment," if applicable, for any Distribution Date, shall have the meaning specified in the Series Term Sheet. "Swap Trust Payment Shortfall," if applicable, for any Distribution Date, shall mean the positive difference, if any, between (i) the sum of the Swap Trust Payments and (ii) the sum of (A) the Series Finance Charge Collections allocable to each Counterparty with respect to each Interest Rate Swap and (B) Series Additional Allocable Amounts allocable to each Counterparty with respect to each Interest Rate Swap, in each case for such Distribution Date.
Swap Rate. As specified in the Terms Schedule.
Swap Rate means the forward swap rate based on the London Interbank Offered Rate last quoted by Bloomberg for deposits of U.S. Dollars for a period of three months, and taking into account the time period between the Issuance Date and the Maturity Date as determined by the Agent in its sole reasonable discretion based on the Bloomberg SWPM calculator. If no such London Interbank Offered Rate exists, such rate will be the rate of interest per annum, as determined by the Agent at which deposits of U.S. Dollars in immediately available funds are offered on the last Business Day of each calendar month by major financial institutions reasonably satisfactory to the Agent in the London interbank market for a period of three months for the applicable principal amount on such date of determination.
Swap Rate means the daily settlement rate for holding Open Positions Overnight, nominated by Admiral for this defined term from time to time, as notified to you (including through the Trading Platform) or posted on its website. Trading Account means any part of an Account offered by Admiral on a Trading Platform.