Variable coupon rate definition

Variable coupon rate means, for any coupon payment date, a rate that is equal to:
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Variable coupon rate means, for the purpose of each Coupon Payment Date and calculating the Variable Coupon, a percentage amount (rounded to two decimal places) equal to the greater of (A) zero and (B) the Reference Portfolio Return (which may be positive or negative).
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Variable coupon rate means, for any coupon payment date, a rate that is equal to the lesser of (a) the adjustment factor
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Examples of Variable coupon rate in a sentence

  • Variable coupon rate – the bond rate may be floating, dependent on specific parameter (i.e. central bank rate, LIBOR, indexes and other indicators).


More Definitions of Variable coupon rate

Variable coupon rate means, in respect of a Variable Coupon Payment Date, the lower of:
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Related to Variable coupon rate

  • Coupon Rate shall have the meaning set forth in Section 2.5.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.