Examples of Interest Rate Option in a sentence
The notice shall specify an Interest Period during which such Interest Rate Option shall apply.
Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.
Interest Rate Option (IRO) Call OptionsWhen someone buys an interest rate call option, they are buying the right to buy the option at a set price.
If in the case of the Interest Rate Option Individual Transactions the currency of the initial margin is other than forint (HUF), the forint equivalent of the currency amount of the initial margin is calculated – upon each valuation, i.e. on each banking day, or even during the day in the case of intraday valuation – at the current OTP mid-rate, thus the forint (HUF) equivalent thereof will change based on the prevailing exchange rate.
Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Base Rate Option.