ZAR-JIBAR-SAFEX definition
ZAR-JIBAR-SAFEX means that the rate for a Reset Date will be the mid- market rate for deposits in South African Rand for a period of the Designated Maturity which appears on the Reuters screen SAFEY page under the caption “YIELD” as of 11:00 hours, Johannesburg time, on that reset date. If such rate does not appear on the Reuters screen SAFEY page, the rate for that Reset Date will be determined as if the parties had specified “ZAR-JIBAR-Reference Banks” as the applicable Floating Rate Option.
ZAR-JIBAR-SAFEX means, in relation to a Tranche of Notes (where applicable), the Reference Rate specified as such in the Applicable Pricing Supplement that is, subject to Condition 6.2.4, the average mid- market yield rate per annum for 3-month deposits in Rand which appears on the Relevant Screen Page as the "SFX 3M YIELD" at or about the Relevant Time on the Rate Determination Date, determined by the Strate Issuer Agent in accordance with Condition 6.2.3;
ZAR-JIBAR-SAFEX means the mid-market rate for deposits in ZAR for a period of the Designated Maturity (as indicated in the Applicable Pricing Supplement) which appears on the Reuters Screen SAFEY Page as at 11:00, Johannesburg time on the relevant date; and
Examples of ZAR-JIBAR-SAFEX in a sentence
If, for any reason, it shall become impossible to determine ZAR-JIBAR-SAFEX or ZAR-JIBAR-SAFEX rates shall become unavailable by reason either of market dysfunction, then the rate of interest applicable to the Floating Rate Loan shall be ZAR-JIBAR-Reference Banks Rate plus 120 (one hundred and twenty) basis points.
More Definitions of ZAR-JIBAR-SAFEX
ZAR-JIBAR-SAFEX means on the first date of each period specified in line 7 of this Note, the rate for the relevant interest period which appears on the Reuters Screen SAFEY Page as of 11:00am, Johannesburg time on that date. If such rate does not appear on the Reuters Screen SAFEY Page, the rate for that date will be determined as if the parties had specified “ZAR-JIBAR-Reference Banks”.
ZAR-JIBAR-SAFEX means the mid-market rate for deposits in South African Rand (ZAR) for a period of the Designated Maturity which appears on the Reuters Screen SAFEY Page as at 12h00 (Johannesburg time) on the relevant date or any successor rate;
ZAR-JIBAR-SAFEX means that the rate for a Reset Date will be the mid- market rate for deposits in South African Rand for a period of the Designated Maturity which appears on the Reuters screen SAFEY page under the caption “YIELD” as of 11:00 hours, Johannesburg time, on that
ZAR-JIBAR-SAFEX means that the rate for an Interest Determination Date will be the mid-market rate for deposits in South African Rand for a period of the Designated Maturity which appears on the Reuters Screen SAFEY Page under the caption “YIELD” as of 11:00 a.m., Johannesburg time, on that Interest Determination Date. If such rate does not appear on the Reuters Screen SAFEY Page, the rate for that Interest Determination Date will be determined on the basis of the mid-market deposit rates for South African Rand for a period of the Designated Maturity quoted by the Reference Banks at approximately 11:00 a.m., Johannesburg time, on that Interest Determination Date. The Calculation Agent will request the principal Johannesburg office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, the rate for that Interest Determination Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided, the rate for that Interest Determination Date will be determined by the Calculation Agent, using a representative rate.
ZAR-JIBAR-SAFEX means the mid-market rate for deposits in ZAR for a period of the Designated Maturity which appears on the Reuters Screen SAFEY Page as at 12h00, Johannesburg time on the relevant date, or any successor rate; and