Basis Swap definition

Basis Swap means the Transaction entered into between Party A, Party B and the Manager on the terms specified in the form of the Confirmation set out in Annexure 1 (or as otherwise agreed between Party A, Party B and the Manager).

Basis Swap means a commodity derivative contract that is cash-settled based on the difference between: (1) the price of natural gas at one particular pricing point and (2) the price of natural gas at a different delivery location or pricing point.

Basis Swap. A contract in which two parties exchange cash flows linked to the difference between the price of a specific quantity of commodities at a particular physical location or quality / grade and the price of the same quantity of commodities on an organized exchange at a different physical location or of a different quality/grade. Cap: Contract which has a maximum price. This is generally purchased by customers that want the opportunity to benefit from expected future price declines, though want to limit their exposure to future price increases.

Examples of Basis Swap in a sentence

• The basis risk between the floating rate obligations of the Trustee (including interest payable on the Notes) and the variable housing rates set by Westpac will be hedged by means of the Basis Swap.

• Vanilla Basis Swap – float rate leg versus floating rate leg within a single eligible currency.

• If an Early Termination Date is designated or deemed to occur in relation to the Basis Swap, for any reason whatsoever (including, without limitation, by agreement between Party A and Party B), then the date so designated shall be deemed to have been designated as an Early Termination Date in respect of this Transaction.

• The Basis Swap will apply in respect of any Housing Loan charged a variable rate of interest as at its Closing Date or which converts from a fixed rate to a variable rate after that Closing Date.

• Westpac is acting in the capacities of Redraw Facility Provider, Liquidity Facility Provider, Basis Swap Provider and Interest Rate Swap Provider.

More Definitions of Basis Swap

Basis Swap has the same meaning as in the Interest Rate Swap Agreement.

Basis Swap means the Transaction entered into between Party A, Party B and the Global Trust Manager on the terms specified in the form of the Confirmation set out in Annexure 1 (or as otherwise agreed between Party A, Party B and the Global Trust Manager).

Basis Swap means a basis swap in which both legs reference standard indices over the same currency and a horizon of up to 12 months.

Basis Swap means the ISDA Master Agreement, together with the Schedule and Confirmation thereto, each dated as of the Closing Date, between the Trustee, on behalf of the Trust, and the Swap Counterparty, as such Basis Swap may be amended, modified or replaced.

Basis Swap is defined in Section 4.20(a); “Basket Amount” is defined in Section 7.7(a); “BCE” is defined in the recitals;

Basis Swap. A transaction in which one party pays periodic amounts of a given currency based on a floating rate (usually NYMEX +/- basis rate) and the other party pays periodic amounts of the same currency based on another floating rate (usually an index such as Inside FERC), with both rates reset periodically.

Basis Swap means an ISDA Master Agreement, the schedule relating to it and each confirmation between the Basis Swap Provider, the Issuer Trustee and the Global Trust Manager under which the Issuer Trustee pays to the Basis Swap Provider an amount in respect of Purchased Mortgage Loans that do not bear interest at a fixed rate and under which the Basis Swap Provider pays to the Issuer Trustee an amount calculated by reference to the [Bank Bill Rate].