Zero Coupon Yield definition

Zero Coupon Yield means such rate as would produce an amortised face amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date at such rate, or as otherwise specified in the Additional Conditions.
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Zero Coupon Yield means, in respect of any Class of Notes on any day, the yield of a zero- coupon bond denominated in the currency of such Class, with a start date on such day, a maturity date on the Redemption Date of such Class of Notes or date on which the applicable payment would have been payable (as applicable) and determined on the basis of the swap rate curves for such currency published on specified internal Reuters pages of the Swap Counterparty, provided that if such rates are not published on such pages the Swap Counterparty will determine such rates from such other sources as it, in its absolute discretion, may deem appropriate. For the avoidance of doubt, the swap rate curves used for the purpose of calculating such Zero-Coupon Yield shall be adjusted by a spread corresponding to the "Spread 2" in respect of such Class of Notes set out in the applicable Currency Swap Confirmation.
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Examples of Zero Coupon Yield in a sentence

  • Subject to the provisions of (iii) below and as provided in the Applicable Transaction Terms, the Amortised Face Amount of any Zero Coupon Note shall be the scheduled Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Zero Coupon Yield shown in the Applicable Transaction Terms compounded annually.

  • Paragraph (b) above shall apply to Zero Coupon Notes, provided that the Interest Rate for such purpose shall be the related Zero Coupon Yield (and any such Note shall otherwise be treated as a Fixed Rate Obligation for such purpose, having 30/360 as the applicable Day Count Fraction).3.4 Interest Payment Dates Interest will be payable on each Note in arrear on each Interest Payment Date.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS MXN Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS EURO Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS LIBOR Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Subject to the provisions of (iii) below and as provided in the Applicable Supplement, the Amortised Face Amount of any Zero Coupon Note shall be the scheduled Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Zero Coupon Yield shown in the Applicable Supplement compounded annually.

  • Comparative Analysis of Zero Coupon Yield Curve Estimation Methods Using JGB Price Data.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD12:00CAD20:00CHF LIBOR & OIS16:15CZK16:15DKK16:15EURO LIBOR 16:15GBP LIBOR 16:15HKD12:00HUF16:15JPY LIBOR & OIS 12:00NOK16:15NKD12:00PLN16:15SEK16:15SGD12:00USD LIBOR & OIS20:00ZAR16:15EURO OIS 18:15 GBP OIS Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Paragraph (b) above shall apply to Zero Coupon Notes, provided that the Interest Rate for such purpose shall be the related Zero Coupon Yield (and any such Note shall otherwise be treated as a Fixed Rate Obligation for such purpose, having 30/360 as the applicable Day Count Fraction).3.4 Interest Payment DatesInterest will be payable on each Note in arrear on each Interest Payment Date.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS JPY LIBOR & OIS Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

Related to Zero Coupon Yield

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • zero-coupon obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.

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

  • Reinvestment Yield means, with respect to the Called Principal of any Note, the sum of (x) 0.50% plus (y) the yield to maturity implied by the U.S. Treasury constant maturity yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for the U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.

  • Canada Yield Price means a price equal to the price of the Notes (or the portion thereof to be redeemed) calculated to provide a yield to maturity equal to the sum of the Government of Canada Yield calculated at 10:00 a.m. (Toronto time) on the third Business Day preceding the redemption date plus the Applicable Spread;

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Coupon Rate has the meaning set forth in Section 2.8.

  • Accrual Yield means the rate specified as such in the applicable Final Terms; and

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Gross Redemption Yield means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by the Financial Adviser.

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

  • Amortisation Yield means the rate per annum (expressed as a percentage) used to calculate the Amortised Nominal Amount of a Zero Coupon Note, in accordance with the provisions of Condition 7.5.1.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Net Yield means, with respect to any Monthly Period, Portfolio Yield with respect to such Monthly Period minus the Base Rate with respect to such Monthly Period.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Weekly Rate means the Interest Rate Mode for the Bonds in which the interest rate on such Bonds is determined weekly in accordance with Section 2.02(c)(iii).

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • Senior Discount Notes means the Company's 10 1/2% Senior Discount Notes --------------------- due March 1, 2007.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Discount Notes means the Senior Discount Notes issued by Coaxial LLC and Coaxial Financing Corp., a Delaware corporation, concurrently with the Closing (as defined in the Contribution Agreement).

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.