Benchmark Yield means the yield at the Redemption Calculation Date of the corresponding [insert [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] specifying the following details: ISIN or other securities code, as observed at around noon [(Frankfurt time)] [other relevant time] on such date on Bloomberg page [ISIN] Govt HP (using the setting "Last Yield to Convention" and using the pricing source ["FRNK"] [other source as relevant]), or as derived or published by such other source as determined by the Calculation Agent], and if such yield is not available at that time the Benchmark Yield shall be the yield of a substitute benchmark security chosen by the Calculation Agent, in each case as having a maturity comparable to the remaining term of the Note to the Maturity Date, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.
Benchmark Yield means the yield as at the Redemption Calculation Date as appearing at around [insert relevant time] on the Screen Page in respect of the Benchmark Security, or if such yield cannot be so determined at such time, the yield determined as aforesaid as appearing on the Screen Page at such other time on the Redemption Calculation Date as may be considered to be appropriate by the Calculation Agent.
Benchmark Yield means the yield of the Pricing Benchmark which appears on the Screen Page on the Call Redemption Calculation Date (Make Whole) at or about [insert relevant time] ([insert relevant financial centre] time). If such yield is not displayed and/or the Screen Page is not available and/or the Pricing Benchmark is no longer outstanding at such time, the Benchmark Yield shall be the yield of a substitute benchmark debt security of [insert relevant issuer], selected by the Calculation Agent in its reasonable discretion, which has a maturity that is as close as possible to the remaining term of the Notes to the Maturity Date and would be used at the time of its selection by the Calculation Agent in accordance with customary financial practice for pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.
Examples of Benchmark Yield in a sentence
The Present Value will be calculated by the Calculation Agent by discounting the sum of the principal amount of a Note and the remaining interest payments to [Maturity Date] on an annual basis, assuming a 365-day year or a 366-day year, as the case may be, and the actual number of days elapsed in such year and using the Comparable Benchmark Yield plus [percentage]%.
In case the variance exceeds ±0.10%, the valuation shall be adjusted to bring it within the ±0.10% band.Spread between Purchase Yield and Benchmark Yield as fixed by Fund Manager at the time of purchase would be fixed throughout the life of instruments and would be changed only if there is justification for the change.
Step 1: A Risk Free Benchmark Yield is built using the government securities as the base.
Step AA Risk Free Benchmark Yield is built using the government securities (GOI Sec) as the base.
The Calculation Agent will calculate the Present Value in accordance with market convention on a basis which is consistent with the calculation of interest as set out in § 3, using the Benchmark Yield plus [insert percentage] %.
More Definitions of Benchmark Yield
Benchmark Yield is the simple average of the preceding five years’ provincial weighted average yield per acre for an insurable crop or is an average calculated by such means as is acceptable to the Board;
Benchmark Yield means the yield to maturity at the Redemption Calculation Date of direct obligations of the Federal Republic of Germany (Bund or Bundesanleihen) with a constant maturity (as compiled and published in the most recent financial statistics which have become publicly available on at least the second business day (but not more than at the fifth business day) prior to the relevant Optional Redemption Date (or, if such statistics are not so published or available, any publicly available source of similar market data selected by an Independent Financial Adviser in good faith)) most nearly equal to the period from the Optional Redemption Date to the Final Maturity Date; provided, however, that if the period from the Optional Redemption Date to the Final Maturity Date is not equal to the constant maturity of the direct obligations of the Federal Republic of Germany for which a weekly average yield is given, the Benchmark Yield shall be obtained by a linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of direct obligations of the Federal Republic of Germany for which such yields are given, except that if the period from the Optional Redemption Date to the Final Maturity Date is less than one year, the weekly average yield on actually traded direct obligations of the Federal Republic of Germany adjusted to a constant maturity of one year shall be used;
Benchmark Yield means the yield at the Make-Whole Redemption Calculation Date of the Reference Bond specified in the Final Terms, and if such yield is not available at that time, the Benchmark Yield shall be the yield of the DA Selected Bond.
Benchmark Yield means the yield at the Make-Whole Redemption Calculation Date of the Reference Bond.
Benchmark Yield means the yield at the Redemption Calculation Date of the 1.500% bonds of the Federal Republic of Germany due 15 May 2024, ISIN: DE0001102358, based on
Benchmark Yield means the yield at the Redemption Calculation Date of the corresponding [insert [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] specifying the following details: ISIN or other securities code, as observed at around noon [(Frankfurt time)] [other relevant time] on such date on Bloomberg page [ISIN] Govt HP (using the setting "Last Yield to Convention" and using the pricing source ["FRNK"] [other source
Benchmark Yield means the yield of the Pricing Benchmark which appears on the Screen Page on the Call Redemption Calculation Date (Make Whole) at or about [insert relevant time] ([insert relevant financial centre] time). If such yield is not displayed and/or the