€STR definition

€STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank (as defined below) at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB €STR Guideline at or before 11:00 a.m. (Frankfurt time), such revised interest rate) on the TARGET Business Day immediately following such TARGET Business Day;

€STR means suspicious transaction report;

€STR means a rate equal to the Euro Short Term Rate as administered by the €STR Administrator.

Examples of €STR in a sentence

• Market terms for debt securities indexed to XXXXX, SOFR, €STR or SORA such as the spread over the index reflected in interest rate provisions or the applicable Observation Method, may evolve over time, and trading prices of the Floating Rate Notes may be lower than those of later-issued indexed debt securities as a result.

• In particular, market participants and relevant working groups are exploring alternative reference rates based on risk free rates, including term XXXXX, SOFR, €STR and SORA (which seek to measure the market’s forward expectation of an average XXXXX, SOFR, €STR or SORA over a designated term).

• In the case of Exempt Notes which are also Floating Rate Notes where the applicable Pricing Supplement identifies that Screen Rate Determination applies to the calculation of interest, if the Reference Rate from time to time is specified in the applicable Pricing Supplement as being other than EURIBOR, NIBOR, STIBOR, CIBOR or €STR, the Rate of Interest in respect of such Exempt Notes will be determined as provided in the applicable Pricing Supplement.

• The parties hereto agree that in the Transaction Documents the following expressions have, except where the context otherwise requires, the following meanings: €STR means (i) in respect of the Covered Bonds, the euro short-term rate as published by the ECB and (ii) in respect of the CBC Transaction Accounts, the euro short-term rate as published by the ECB (or any replacement reference rate as agreed with the CBC Account Bank in accordance with the CBC Account Agreement).

• Where the Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, and the Reference Rate is specified in the applicable Final Terms as being €STR, then the Rate of Interest for each Interest Period will, subject as provided below, be Compounded Daily €STR plus or minus the Margin (as indicated in the applicable Final Terms or Pricing Supplement) as determined by the Calculation Agent.

More Definitions of €STR

€STR means, in respect of any Business Day, a reference rate equal to the daily euro short-term rate for such Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank currently at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") in each case, on or before 9:00 a.m., (Central European Time) on the Business Day immediately following such Business Day;

€STR means suspicious transaction report; and

€STR means, in respect of any TARGET Business Day, the interest rate representing the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area provided by the European Central Bank as administrator of such rate (or any successor administrator) and published on the Website of the European Central Bank at or before 9:00 a.m. (Frankfurt time) (or, in case a revised euro short-term rate is published as provided in Article 4 subsection 3 of the ECB

€STR means, in respect of any Business Day, a reference rate equal to the daily euro short-term rate as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the ECB's Website, in each case on or before 9:00 a.m. (Central European Time) on the Business Day immediately following such Business Day;

€STR means Smith Travel Research, an independent research firm recognized as an industry leader in the United States in providing hotel performance information and analysis; and

€STR means, in respect of any TARGET Business Day, a reference rate equal to the daily euro short- term rate as provided by the European Central Bank, as the administrator of such rate (or any successor administrator of such rate) on the website of the European Central Bank (or any successor administrator of such rate) or any successor source, in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines, of the administrator of such rate on the TARGET Business Day immediately following such TARGET Business Day;

€STR means the Euro Short Term Rate (€STR) as published by the Benchmark Administrator or its agent;