Swaptions definition

Swaptions means an option on an Interest rate swap. In a Swaption, the purchaser has the right to enter a specific Interest rate swap for a defined period of time.
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Swaptions means, collectively, (a) that certain European Payer Swaption in the sum of $301,000,000, sold by Swap Provider (as hereinafter defined) to Borrower with a trade date of June 2, Annex I 7 2003 and a settlement date of June 4, 2003, (b) that certain European Payer Swaption in the sum of $235,000,000, sold by Swap Provider to Borrower with a trade date of June 2, 2003 and a settlement date of June 4, 2003, (c) that certain European Payer Swaption in the sum of $242,000,000, sold by Swap Provider to Borrower with a trade date of June 2, 2003 and a settlement date of June 4, 2003, each as evidenced by those certain letter agreement confirmations dated as of June 4, 2003, between Borrower and Swap Provider, and the 1992 ISDA Master Agreement (Multicurrency-Cross Border) referenced therein, and all modifications, amendments, supplements, and/or extensions thereto, together with all of Borrower's rights thereunder, including, without limitation, any rights to payment, exercise, and performance thereunder and all proceeds thereof.
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Examples of Swaptions in a sentence

  • Swaptions are contracts whereby one party receives a fee in return for agreeing to enter into a forward swap at a predetermined fixed rate if some contingency event occurs (normally where future rates are set in relation to a fixed benchmark).

  • The tenor of the Swaptions will be selected by the parties and will be no shorter than three months and no longer than three months less than the Swap Tenor.

  • Tranching: Swaptions may be written on tranched or untranched transactions.

  • Swaptions: The SEF is also listing Physically-Settled Swaptions on the Index on the terms described herein.

  • Swaptions are contracts whereby one party receives a fee in return for agreeing to enter into a forward swap at a predetermined fixed rate if some contingency event occurs.

  • Swaptions.............................................................

  • There are no defaults under the ISDA Master Agreement referred to in the definition of "Swaptions" contained in Annex I attached hereto that would give rise to any netting or off-set rights (or any other rights or remedies) on the part of the Swap Provider or any other Person with respect to the Swaptions.

  • Borrowers shall not, and shall not permit any Borrower Party to, enter into any other transaction with the Swap Provider of any other Person which would give rise to any netting or off-set rights (or any other rights or remedies) on the part of the Swap Provider or such other Person with respect to the Swaptions.

  • The Interim Loan shall be used solely to pay the costs of acquiring the Swaptions and to pay certain other Lender-approved costs associated therewith as set forth on a funding statement approved by Lender.

  • Swaptions are options which grant the owner the right but not the obligation to enter into an underlying swap.