USD Swap Rate definition

USD Swap Rate means, in respect of any relevant day (the "Relevant Day 1"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page 1") as of 11:00 a.m., New York City time (the "Relevant Time 1") on that Relevant Day 1. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page 1 at the Relevant Time 1 on such Relevant Day 1, the USD Swap Rate for that Relevant Day 1 will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately the Relevant Time 1 on that Relevant Day 1, and, for this purpose, the semi-annual swap rate means the arithmetic mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating USD interest rate swap transaction with a term equal to the Designated Maturity commencing on the day which falls two U.S. Securities Business Days after that Relevant Day 1 and in the relevant Representative Amount with an acknowledged dealer of good credit in the swap market, where the floating leg, calculated on an Actual/360 day count basis, is equivalent to "USD-LIBOR (ICE Benchmark Administration) Rate". The Calculation Agent will request the principal New York City office of each of the Reference Banks to provide a quotation of itsrate. If at least three quotations are provided, the rate for that Relevant Day 1 will be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If fewer than three quotations are provided, the USD Swap Rate in respect of such Relevant Day 1 shall be such rate as is determined by the Calculation Agent in good faith and in a commercially reasonable manner, PROVIDED THAT:
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USD Swap Rate means, in respect of any relevant day (the "Relevant Day"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page") as of 11:00 a.m., New York City time (the "Relevant Time") on that Relevant Day. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page at the Relevant Time on such Relevant Day, the rate for that Relevant Day will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately 11:00 a.m., New York City time, on that Relevant Day,
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USD Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 5 year bid and offered swap rates for USD swap transactions which appear on the Reuters page "ISDAFIX", or such other page as may replace it on that information service, or on such other equivalent information service as determined by the Calculation Agent.
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Examples of USD Swap Rate in a sentence

  • For the achievement of mentioned objective this study has been organized into five chapters each devoted to some aspects of the study of the debt security market in Nepal.

  • Material WeaknessDiscretely presented component units should be included in financial statements.

  • Holdings plc (5-Year USD Swap Rate + 4.37%), 6.38% (a) (j) ..........................

  • Schreer.Thermal failure analysis by IR lock-in thermography.In: Microelectronics Failure Analysis, Desk Reference Fifth ffdition, Ed. H.

  • After the Availability Period and through the Maturity Date, interest will be calculated on the basis of the USD Swap Rate for ten years, plus a margin of 2.70% per annum.

  • Underlying Asset(s): The Notes are linked to the 30-Year USD Swap Rate, the 10-Year USD Swap Rate, the 2-Year USD Swap Rate and the 3-Month USD LIBOR (IP) (each as defined below).

  • The applicable USD Swap Rate and EUR Swap Rate will be determined as of this time (such time being a “Price Determination Time”).

  • Uruguay will announce such USD Swap Rate, EUR Swap Rate and the related Purchase Prices for the Bonds.

  • Question 4: Is the Spread Trend Indicator less than the Spread Level Barrier?The "TwosTens Spread" means, in respect of the relevant Index Valuation Date, the difference between the rates for the USD 6M Libor swap rate (a "USD Swap Rate") with the designated maturity of ten and two years, each as calculated by reference to relevant public sources, whereas the "TwosTens Volatility" represents the volatility of such spread.

  • Holdings plc: (USD Swap Rate 5 Year + 5.51%), 6.87% (a) (d) .........................


More Definitions of USD Swap Rate

USD Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 5 year swap rates for USD swap transactions which appear on the Reuters page "ICESWAP", or such other page as may replace it on that information service, or on such other equivalent information service as determined by the Calculation Agent.USE OF PROCEEDS The net proceeds of the issue of the Notes, after deduction of the combined management, underwriting and selling commission and the other expenses incurred in connection with the issue of the Notes, will be used by the Issuer for general corporate purposes.DESCRIPTION OF THE ISSUER Credit Europe Bank N.V. was incorporated under the laws of the Netherlands on 24 February 1994, originally as Finansbank (Holland) N.V. A restructuring led to a rebranding into Credit Europe Bank in 2007. Credit Europe Group N.V. (“CEG”) (established on 14 October 1998) holds 100 per cent. of the shares in Credit Europe Bank and is under the full supervision of the Dutch Central Bank (De Nederlandsche Bank N.V., "DNB"). CEG’s shares are ultimately owned, through the investment company FIBA Holding A.S. established in Turkey. Headquartered in the Netherlands, Credit Europe Bank comprises of banking subsidiaries in Russia, Romania, Switzerland, Ukraine and U.A.E. and two leasing subsidiaries in Romania and Ukraine. It has branches in Germany, Malta and Belgium (in the process of closing) and representative offices in China and Turkey. Credit Europe Bank is registered with the Trade Register of the Dutch Chamber of Commerce (Kamer van Koophandel) under number: 33256675. Credit Europe Bank's registered head office and business address is located at Karspeldreef 6A, 1101 CJ Amsterdam, the Netherlands (Tel:+31 20 357 63 00, fax number is: +31 20 35 76 301, website: www.crediteuropebank.com). Credit Europe Bank currently has a Ba2 Bank Deposit rating by Moody's for which the outlook is stable. Credit Europe Bank has a long term issuer default rating of BB- from Fitch Ratings and the outlook is stable. STRATEGY Credit Europe Bank’s business is easy-to-use “plain-vanilla” loan and deposit products for retail and SME-customers and financing services for its corporate clients. Credit Europe Bank’s strategy is to be close to its customers by providing services through a network of 118 branches, 654 ATMs, around 3,600 sales points and 20,454 point of sale terminals in 10 countries. In corporate banking, as a medium-sized bank ...
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USD Swap Rate means, in respect of any day in an Interest Period (for the purposes of this definition, the "Relevant Day"), the rate (the "Relevant Rate") for USD swaps with a maturity equal to a particular period (being the "Relevant Designated Maturity"), expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page) as of 11:00 a.m., New York City time, on the Relevant Day.Subject as set out below, if the Relevant Rate does not appear on the Reuters Screen ICESWAP1 Page at or around such time on such day, the Relevant Rate for the Relevant Day will be determined by the Calculation Agent in good faith and in a commercially reasonable manner.If the Calculation Agent determines that the Relevant Rate has been discontinued or has otherwise ceased to exist, the Calculation Agent shall, in its sole and absolute discretion, select a substitute or successor rate that the Calculation Agent determines is comparable to the Relevant Rate, and shall replace the Relevant Rate with such substitute or successor rate with effect from such date as is determined by the Calculation Agent, in its sole and absolute discretion. The Calculation Agent may make such adjustments that it determines appropriate, if any, to any one or more of the terms of the Notes, including, without limitation, any variable or term relevant to settlement or payment under the Notes, as the Calculation Agent determines appropriate to account for such replacement.
Sample 1
USD Swap Rate means the fixed rate for interest rate swap in U.S. dollars for a period of the Designated Maturity, which appears on the page ISDAFIX3 under the 11AM FIX column in the Reuters Service on the Interest Determination Date as of 11:00 a.m., (New York time), or such other page, section or other part as may replace it on that information service or such other information service, in each case, as may be nominated by the person providing or sponsoring the information appearing there for the purpose of displaying comparable rates or prices. If no such other page, section or part of the Reuters Service is available or if no such other information service is available, the USD Swap Rate will, notwithstanding Condition 5(c) (Screen Rate Determination for Floating Rate Notes where the Reference Rate is not specified as being Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily SORA), and unless otherwise provided in theapplicable Pricing Supplement, be determined by the Calculation Agent in its sole and absolute discretion, subject to Conditions 5(n) (Benchmark Replacement (General)) and/or 14(h) (Redemption following Benchmark Event), as applicable.
Sample 1

Related to USD Swap Rate

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either:

  • 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;

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • 5 year Swap Rate means, in respect of any Reset Period, the mid-swap rate as displayed on Reuters screen “ICESWAP2/EURSFIXA” or, if such rate is not displayed on such screen as at the relevant time, the mid-swap rate as displayed on a successor page (in each case, the “Reset Screen Page”) as at 11:00a.m. (Central European time) on the relevant Reset Interest Determination Date.Subject to the operation of Condition 4(d), in the event that the relevant 5 year Swap Rate does not appear on the Reset Screen Page on the relevant Reset Interest Determination Date, the 5 year Swap Rate will be the Reset Reference Bank Rate on such Reset Interest Determination Date. “Reset Reference Bank Rate” means the percentage rate determined by the Agent Bank on the basis of the 5 year Swap Rate Quotations provided by five leading swap dealers in the interbank market selected by the Issuer (the “Reset Reference Banks”) to the Agent Bank at approximately 11:00 a.m. (Central European time) on the relevant Reset Interest Determination Date. If (a) at least three quotations are provided, the 5 year Swap Rate will be determined by the Agent Bank on the basis of the arithmetic mean (or, if only three quotations are provided, the median) of the quotations provided, eliminating the highest quotation (or, in the event of equality one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest); (b) if only two quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided; (c) if only one quotation is provided, the Reset Reference Bank Rate will be the quotation provided; and (d) if no quotations are provided, the Reset Reference Bank Rate for the relevant period will be equal to the last observable 5 year mid-swap rate for euro swap transactions on the Reset Screen Page, as determined by the Agent Bank.The “5 year Swap Rate Quotations” means, in relation to any Reset Period, the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 Day Count basis) of a fixed-for- floating euro interest rate swap which (i) has a term of five years commencing on the relevant Reset Date, (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market, and (iii) has a floating leg based on the six-month EURIBOR rate (calculated on the basis of the actual number of days elapsed and a year of 360 days)(d) Benchmark Replacement

  • REMIC Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Swap Receipt Amount Swap Termination Payment"

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Weighted Average Net Mortgage Rate The weighted average of the Net Mortgage Rates of the Mortgage Loans, weighted on the basis of the Stated Principal Balances thereof as of the close of business on the first day of the calendar month preceding the month in which such Distribution Date occurs.

  • Treasury Index Rate means the average yield to maturity for actively traded marketable fixed interest rate U.S. Treasury Securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15(519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Corporation by at least three recognized dealers in U.S. Government Securities selected by the Corporation.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;