USD Swap Rate definition

USD Swap Rate means, in respect of any relevant day (the "Relevant Day 1"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page 1") as of 11:00 a.m., New York City time (the "Relevant Time 1") on that Relevant Day 1. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page 1 at the Relevant Time 1 on such Relevant Day 1, the USD Swap Rate for that Relevant Day 1 will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately the Relevant Time 1 on that Relevant Day 1, and, for this purpose, the semi-annual swap rate means the arithmetic mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating USD interest rate swap transaction with a term equal to the Designated Maturity commencing on the day which falls two U.S. Securities Business Days after that Relevant Day 1 and in the relevant Representative Amount with an acknowledged dealer of good credit in the swap market, where the floating leg, calculated on an Actual/360 day count basis, is equivalent to "USD-LIBOR (ICE Benchmark Administration) Rate". The Calculation Agent will request the principal New York City office of each of the Reference Banks to provide a quotation of itsrate. If at least three quotations are provided, the rate for that Relevant Day 1 will be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If fewer than three quotations are provided, the USD Swap Rate in respect of such Relevant Day 1 shall be such rate as is determined by the Calculation Agent in good faith and in a commercially reasonable manner, PROVIDED THAT:
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USD Swap Rate means, in respect of any relevant day (the "Relevant Day"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page") as of 11:00 a.m., New York City time (the "Relevant Time") on that Relevant Day. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page at the Relevant Time on such Relevant Day, the rate for that Relevant Day will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately 11:00 a.m., New York City time, on that Relevant Day,
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USD Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 5 year bid and offered swap rates for USD swap transactions which appear on the Reuters page "ISDAFIX", or such other page as may replace it on that information service, or on such other equivalent information service as determined by the Calculation Agent.
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Examples of USD Swap Rate in a sentence

  • In October 2012, OTH agreed to fix the interest rate applicable to borrowings under the Loan Agreement after the Availability Period at 4.55% per annum (calculated as the USD Swap Rate for ten years as of the date of determination of 1.85% plus a margin of 2.70%).

  • After the Availability Period and through the Maturity Date, interest will be calculated on the basis of the USD Swap Rate for ten years, plus a margin of 2.70% per annum.

  • Material WeaknessDiscretely presented component units should be included in financial statements.

  • Holdings plc (5-Year USD Swap Rate + 4.37%), 6.38% (a) (j) ..........................

  • For the achievement of mentioned objective this study has been organized into five chapters each devoted to some aspects of the study of the debt security market in Nepal.

  • EUR 13,928 16,868,770 (USD Swap Rate 5 Year + 4.23%), 6.00% (b)(m) ...............

  • Mr. Napolitano disclaims beneÑcial ownership of these securities except to the extent of his ownership interest in the limited liability company.

  • Question 4: Is the Spread Trend Indicator less than the Spread Level Barrier?The "TwosTens Spread" means, in respect of the relevant Index Valuation Date, the difference between the rates for the USD 6M Libor swap rate (a "USD Swap Rate") with the designated maturity of ten and two years, each as calculated by reference to relevant public sources, whereas the "TwosTens Volatility" represents the volatility of such spread.

  • The applicable USD Swap Rate and EUR Swap Rate will be determined as of this time (such time being a “Price Determination Time”).

  • EURIBOR, GBP LIBOR, USD LIBOR and other "IBORs" are used as the floating leg in the calculation of the EUR Swap Rate, GBP Swap Rate, USD Swap Rate and other swap rates (collectively, the "Swap Rates", and each a "Swap Rate") and these may be used as CMS Reference Rates, or other Relevant Rates Benchmarks, for the Notes.


More Definitions of USD Swap Rate

USD Swap Rate means, in respect of any day in an Interest Period (for the purposes of this definition, the "Relevant Day"), the rate (the "Relevant Rate") for USD swaps with a maturity equal to a particular period (being the "Relevant Designated Maturity"), expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page) as of 11:00 a.m., New York City time, on the Relevant Day.Subject as set out below, if the Relevant Rate does not appear on the Reuters Screen ICESWAP1 Page at or around such time on such day, the Relevant Rate for the Relevant Day will be determined by the Calculation Agent in good faith and in a commercially reasonable manner.If the Calculation Agent determines that the Relevant Rate has been discontinued or has otherwise ceased to exist, the Calculation Agent shall, in its sole and absolute discretion, select a substitute or successor rate that the Calculation Agent determines is comparable to the Relevant Rate, and shall replace the Relevant Rate with such substitute or successor rate with effect from such date as is determined by the Calculation Agent, in its sole and absolute discretion. The Calculation Agent may make such adjustments that it determines appropriate, if any, to any one or more of the terms of the Notes, including, without limitation, any variable or term relevant to settlement or payment under the Notes, as the Calculation Agent determines appropriate to account for such replacement.
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USD Swap Rate means the fixed rate for interest rate swap in U.S. dollars for a period of the Designated Maturity, which appears on the page ISDAFIX3 under the 11AM FIX column in the Reuters Service on the Interest Determination Date as of 11:00 a.m., (New York time), or such other page, section or other part as may replace it on that information service or such other information service, in each case, as may be nominated by the person providing or sponsoring the information appearing there for the purpose of displaying comparable rates or prices. If no such other page, section or part of the Reuters Service is available or if no such other information service is available, the USD Swap Rate will, notwithstanding Condition 5(c) (Screen Rate Determination for Floating Rate Notes where the Reference Rate is not specified as being Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily SORA), and unless otherwise provided in theapplicable Pricing Supplement, be determined by the Calculation Agent in its sole and absolute discretion, subject to Conditions 5(n) (Benchmark Replacement (General)) and/or 14(h) (Redemption following Benchmark Event), as applicable.
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USD Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 5 year swap rates for USD swap transactions which appear on the Reuters page "ICESWAP", or such other page as may replace it on that information service, or on such other equivalent information service as determined by the Calculation Agent.USE OF PROCEEDS The net proceeds of the issue of the Notes, after deduction of the combined management, underwriting and selling commission and the other expenses incurred in connection with the issue of the Notes, will be used by the Issuer for general corporate purposes.DESCRIPTION OF THE ISSUER Credit Europe Bank N.V. was incorporated under the laws of the Netherlands on 24 February 1994, originally as Finansbank (Holland) N.V. A restructuring led to a rebranding into Credit Europe Bank in 2007. Credit Europe Group N.V. (“CEG”) (established on 14 October 1998) holds 100 per cent. of the shares in Credit Europe Bank and is under the full supervision of the Dutch Central Bank (De Nederlandsche Bank N.V., "DNB"). CEG’s shares are ultimately owned, through the investment company FIBA Holding A.S. established in Turkey. Headquartered in the Netherlands, Credit Europe Bank comprises of banking subsidiaries in Russia, Romania, Switzerland, Ukraine and U.A.E. and two leasing subsidiaries in Romania and Ukraine. It has branches in Germany, Malta and Belgium (in the process of closing) and representative offices in China and Turkey. Credit Europe Bank is registered with the Trade Register of the Dutch Chamber of Commerce (Kamer van Koophandel) under number: 33256675. Credit Europe Bank's registered head office and business address is located at Karspeldreef 6A, 1101 CJ Amsterdam, the Netherlands (Tel:+31 20 357 63 00, fax number is: +31 20 35 76 301, website: www.crediteuropebank.com). Credit Europe Bank currently has a Ba2 Bank Deposit rating by Moody's for which the outlook is stable. Credit Europe Bank has a long term issuer default rating of BB- from Fitch Ratings and the outlook is stable. STRATEGY Credit Europe Bank’s business is easy-to-use “plain-vanilla” loan and deposit products for retail and SME-customers and financing services for its corporate clients. Credit Europe Bank’s strategy is to be close to its customers by providing services through a network of 118 branches, 654 ATMs, around 3,600 sales points and 20,454 point of sale terminals in 10 countries. In corporate banking, as a medium-sized bank ...
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Related to USD Swap Rate

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 4(b)(ii), either:

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;