Zero Coupon Rate definition

Zero Coupon Rate means the rate of interest charged for a future single payment assuming no interest payments prior to the payment date. Each fixed payment will be discounted using the Zero Coupon Methodology. The Zero Coupon Rate for each fixed payment date will be determined using the appropriate LIBOR rate and the rates implied by the "90 Day Euro$" futures contracts at the Chicago Mercantile Exchange (IMM) at IMM Settlement (2:00 p.m. Chicago time) two days prior to the Break Date as appropriate to the respective payment dates.
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Zero Coupon Rate means the zero coupon rate due on the Settlement Date as calculated by the Calculation Agent bid-side market rate for fixed rate swaps against IBOR as indicated on the date of calculation for the fair market value.
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Zero Coupon Rate means with respect to any date, the zero coupon swap rate (quoted for the avoidance of doubt in the case of a Payment Date, on the second Business Day prior to such date) for the period from such date to the Maturity Date, as notified to the Counterparty by the Calculation Agent and determined in accordance with the following procedures:
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Examples of Zero Coupon Rate in a sentence

  • The uncalled Capital will be .a) ₹ 7 per share b) ₹ 4 per sharec) ₹ 8 per share d) ₹ 3 per share ORWhile issuing type of Debentures, company doesn’t give any undertaking for the repayment of money borrowed by issuing such debentures.a) Zero Coupon Rate Debentures b) Non-Convertible Debenturesc) Secured Debentures d) Non-Redeemable Debentures14.Samiksha, Arshiya and Divya were partners in a firm sharing profits and losses in the ratio of 5: 3: 2.

  • For the avoidance of doubt, the interest rate will be fixed on the first Business Day of each month and will apply to the Cash Component on a daily basis using an ACT/360 day count convention, or(ii) If a Trigger Event has occurred, a notional deposit facility yielding the equivalent in yield terms of the Zero Coupon Rate; Cash Component Value means a value calculated by the Calculation Agent equal to the outstanding principal and accrued interest on the Cash Component.

  • Generally such type of debentures are issued by the companies.❖ Zero Coupon Rate Debentures (Bonds): These debentures do not carry a specific rate of interest.

  • The Cash Component; Underlying Index Value means on date t the value of the Underlying Index as calculated in accordance with the formula set out in paragraph 3b below; and Zero Coupon Rate means the zero coupon discount factor for the Maturity Date, calculated by the Calculation agent at time t based on the relevant Issuer funding rate to be determined in sole discretion by the Calculation Agent .

  • If it's a floating rate, it is usually linked with the bank rate.● Zero Coupon Rate (Bonds): Such debentures do not carry a specific rate of interest.

  • COGSWith product sales, at the moment when revenue is recognised, also the COGS need to be matched with the revenue recognised.So when you can legally recognise the sales of 10 products (even when the money is not yet paid by the customer), you need to match the “buy in price” for the 10 products as well in the COGS (even when they are not paid yet to the supplier).

  • Zero Coupon Rate Debentures/ Bond :-These debentures do not carry a specific rate of interest.

  • Note: Some documentation indicates the need to use a Zero Coupon Rate.

  • The floating interest rate is usually tagged with the bank rate.Issue and Redemption of Debentures 75 (b) Zero Coupon Rate Debentures: These debentures do not carry a specific rate of interest.

Related to Zero Coupon Rate

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Coupon Rate has the meaning set forth in Section 2.8.

  • zero-coupon obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Floating Rate Notes means the Class A-2b Notes.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • Amortization rate means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's reemployed position were deemed to be an eligible, full-time position within that system.

  • Class A-3 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Legal Final Maturity Date means the Payment Date falling in the twelfth month following the Revolving Period Termination Date.

  • Final Maturity Date means March 31, 2022.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Legal Maturity Date means July 15, 2024.

  • Initial Maturity Date means the earlier of (i) December 1, 2015 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Final Maturity has the meaning specified in Section 308.

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Daily Non-Cumulative Compounded RFR Rate means, in relation to any U.S. Government Securities Business Day during a Floating Rate Interest Period for a Loan (or any part of it), the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15B (Daily Non-Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Class A-4 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).