Examples of Floating Rate Securities in a sentence
Variable and Floating Rate Securities Risk The coupons on variable and floating-rate securities are not fixed and may fluctuate based upon changes in market rates.
The Issuer and Japan reserve the right to appoint, at their discretion, agents (one or more “Agents”, or each, an “Agent”) for the payment of principal of and interest on the Securities (the “Principal Paying Agent”), for the calculation of interest rates and the amounts of interest on the Floating Rate Securities (the “Calculation Agent”) or for the transfer and exchange of Securities (the “Transfer Agent”) at such place or places as the Issuer may determine.
The Calculation Agent shall exercise due care to determine the applicable interest rates under all Floating Rate Securities for which it acts as Calculation Agent and shall communicate the same to Brazil and the Fiscal Agent.
The Securities are Floating Rate Securities which pay interest in arrear on the Specified Interest Payment Dates set out below and in accordance with Condition 7(b) at the Rate of Interest set out below in paragraph (i).