Benchmark Security Price definition

Benchmark Security Price means the arithmetic average, as determined by the Quotation Agent, of the bid and offered prices for the Benchmark Security (expressed as a percentage of its nominal amount) at such time on the Calculation Date as shall be specified in the Final Terms;
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Benchmark Security Price means, if the Calculation Agent obtains (i) five Reference Market- Maker Quotations, the arithmetic mean of the quotations after disregarding the highest and lowest quotations; (ii) lower than five Reference Market-Maker Quotations, the average of all such quotations, or (iii) one Reference Market-Maker Quotation, the amount of the Reference Market- Maker Quotation so obtained, or if no Reference Market-Maker Quotations are received, any subsequent rate of interest shall be determined to be the rate of interest as at the last preceding Interest Payment Date.
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Benchmark Security Price means if the Calculation Agent obtains (i) five Reference Market- Maker Quotations, the quotation remaining after disregarding the highest and lowest quotations(ii) lower than five Reference Market-Maker Quotations, the average of all such quotations, or(iii) one Reference Market-Maker Quotation, the amount of the Reference Market-Maker Quotation so obtained.
Sample 1

Related to Benchmark Security Price

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Benchmarked Price means the higher of:

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.