Overnight Reference Rate definition

Overnight Reference Rate means in relation to any Reference Rate Business Day:
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Overnight Reference Rate means the reference rate set by the Authority in relation to a Standing Facility;
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Overnight Reference Rate means, "SOFR" in relation to any USGS Business Day, a reference rate equal to the daily Secured Overnight Financing Rate as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) published at or around 3:00 p.m. (New York City time) on the New York Federal Reserve's Website on the next succeeding USGS Business Day for trades made on such USGS Business Day;
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Examples of Overnight Reference Rate in a sentence

  • In the case of conventional Standing Facilities, the Authority shall, in its discretion, determine the Overnight Reference Rate and the Deposit Rate and Lending Rate will be announced on a scheduled basis on the Authority’s website.

  • The loan matures on November 23, 2023, and bears interest at the Turkish Lira Overnight Reference Rate (“TLREF”) plus 3.5944% per annum.

  • Efforts to develop a Turkish Lira alternative have also led to the establishment of the Turkish Lira Overnight Reference Rate (TLREF),4 which has been published by Borsa Istanbul since 17 June 2019.5 These rates are based on a much higher number of transactions in robust markets, which provides for more reliable data in the calculation of references.

  • Where the Regulatory CSA is an Amended CSA, then: a) The Interest Rate will be the Overnight Reference Rate for the Base Currency as disclosed on the GS Prime Brokerage Client Web Portal.

  • Government bonds indexed to the Turkish Lira Overnight Reference Rate (TLREF) The diversity in instruments employed highlights Turkish efforts to appeal to different types of investors.

  • As "Observation Shift (Standard Shift)" is specified as the Observation Method and "Weighted Average Rate" is specified as the Determination Method, the Floating Rate will be determined by reference to the average of the Overnight Reference Rate on each calendar day during the Observation Period relating to the Relevant Interest Period.

  • Derivatives, floating rate notes, loans and other financial contracts whose terms extend beyond the relevant discontinuation date, and that refer to certain benchmark rates (including LIBOR) as the reference rate, will be impacted.In Turkey, Turkish Lira Overnight Reference Rate (“TLREF”) is created in order to meet the need of Turkish Lira short-termreference rate that can be used as an underlying or a benchmark in financial products, debt instruments and different types of financial contracts.

  • In Turkey, Turkish Lira Overnight Reference Rate (“TLREF”) is created in order to meet the need of Turkish Lira short-termreference rate that can be used as an underlying or a benchmark in financial products, debt instruments and different types of financial contracts.

  • With regard to the rest of the Group's subsidiaries, Garanti BBVA carried out a Tier 2 issue in February for Turkish Lira Overnight Reference Rate (TLREF) plus 250 basis points.

  • Comparison with CSS1, indicates that in both schemes participating farms are, on average, larger than the national figures.

Related to Overnight Reference Rate

  • Reference Rate means the rate specified as such hereon.

  • Overnight Rate means, for any day, the greater of (a) the Federal Funds Rate and (b) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.