Interest Rate Transaction definition

Interest Rate Transaction means Interest Rate Option, FRA Transaction, Interest Rate Swap and Currency Swap (as are defined in points 8.1, 9.1 and10.1 or 11.1 of Article IV in these Terms and Conditions, respectively).
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Interest Rate Transaction means any transaction which is an interest rate cap transaction, an interest rate floor transaction, interest rate
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Interest Rate Transaction means any Transaction that is entered into to hedge interest rate risk.
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Examples of Interest Rate Transaction in a sentence

  • Interest Rate Transaction means a notional interest rate swap transaction under which the Notional Master Investor notionally pays or notionally receives periodic amounts in Eligible Currency based on a specified fixed rate and notionally receives or notionally pays, respectively, periodic amounts of the same currency based on a specified floating rate that is reset periodically, in each case without any upper or lower limit (other than zero) as to the rate or payments.

  • In fact, at the end of the 21 months, a single change to the value of this configuration option fixed the problem.Suppose that an inexperienced developer is assigned to work on this bug.

  • This is because Interest Rate Swaps can have the economic effect of changing a floating rate exposure into a fixed rate exposure (for example, for use by a floating rate borrower concerned about rising interest rates) or changing a fixed rate exposure into a floating rate exposure (for example, for use by a fixed rate borrower concerned about falling interest rates).Amounts PayableThe amounts payable under an Interest Rate Transaction will be agreed with you on the Trade Date.

  • If Kiwibank doesagree to a variation of the terms of an Interest Rate Transaction, you must accept any varied Fixed Rates, increased margins and other costs of varying the Interest Rate Transaction and agree to any replacement or amended Interest Rate Transaction.

  • Interest Rate Swaps.Further details of this type of Interest Rate Transaction, including descriptions and examples, are set out further below.

  • You may also be required to pay the mark-to-market value of a cancelled Interest Rate Transaction to Kiwibank.

  • In effect, you pay for the Interest Rate Transaction by accepting the terms of the Interest Rate Transaction quoted to you by Kiwibank.

  • You should review your other contractual arrangements, including any security interests or guarantees that you have granted in order to identify and understand these consequences.Consequences of altering the terms of a derivativeKiwibank is not obliged to agree to any variation to the terms of an Interest Rate Transaction, and any agreed varied terms may involve varied exchange rates and increased margin.

  • The amounts to be paid or received under an Interest Rate Transaction will depend on the level of the underlying interest rate or rates agreed for the contract.

  • You should read under “Termination” in section 2 of the PDS (Key Features of the Derivatives) and refer to your Client Agreement for full details of Kiwibank’s rights.In addition, failure to make a payment when due under an Interest Rate Transaction may have consequences under other documents, including other contractual arrangements.

Related to Interest Rate Transaction

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Alternate Transaction shall have the meaning assigned to such term in Section 6.7(iii) hereof.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Replacement Interest Rate Cap Agreement means an interest rate cap agreement from an Acceptable Counterparty with terms identical to the Interest Rate Cap Agreement except that the same shall be effective in connection with replacement of the Interest Rate Cap Agreement following a downgrade, withdrawal or qualification of the long-term unsecured debt rating of the Counterparty; provided that to the extent any such interest rate cap agreement does not meet the foregoing requirements, a “Replacement Interest Rate Cap Agreement” shall be such interest rate cap agreement approved in writing by each of the Rating Agencies and Lender with respect thereto.

  • Market Rate Unit means a Residential Unit that is not an Affordable Unit.

  • Replacement Transaction means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Market-rate units means housing not restricted to low- and moderate-income households that may sell or rent at any price.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including, without limitation, caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Interest Rate Hedge means an interest rate exchange, collar, cap, swap, adjustable strike cap, adjustable strike corridor or similar agreements entered into by the Borrower or its Subsidiaries in order to provide protection to, or minimize the impact upon, the Borrower, any Guarantor and/or their respective Subsidiaries of increasing floating rates of interest applicable to Indebtedness.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.