Day Count Basis definition

Day Count Basis means 30/360, Actual/360, Actual/365 (Fixed), Actual/Actual (accrual basis), Actual/Actual (ISMA) or Actual/Actual (payment basis), as applicable, or any other day count basis set forth in the Remarketing Terms Notice.
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Day Count Basis means 30/360, Actual/360, Actual/365 (fixed), Actual/Actual (accrual basis), Actual/Actual (ISMA) or Actual/Actual (payment basis), as applicable, or any other day count basis set forth in the Remarketing Terms Notice.
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Day Count Basis means, if "Compounding with Lookback" applies, the denominator of the Day Count Fraction that customarily applies for the Underlying Benchmark of the relevant Reference Rate and which is either 365 or 360;
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Examples of Day Count Basis in a sentence

  • The Interest Amount must be calculated by the Issuing Agent, Registrar or other person appointed for that purpose referred to in the relevant Pricing Supplement by applying the Interest Rate to the Outstanding Principal Amount of each applicable Interest Bearing Note, multiplying such sum by the relevant Day Count Basis for the relevant Interest Period and rounding the resultant figure to the nearest cent (half a cent being rounded upwards).

  • The relevant Day Count Basis is as specified in the applicable Authorised Offering Document.

  • Interest on the Reset Rate Notes during any Reset Period when such notes bear a fixed rate of interest and are denominated in a currency other than U.S. Dollars will be calculated in accordance with the Actual/Actual (ISMA) Accrual Method, or another Day Count Basis as may be established on the related Remarketing Terms Determination Date.

  • Day Count Basis (Actual/Actual) Interest on Application Money Default Interest Rate Tenor Redemption Date Redemption Amount Redemption Premium /Discount Issue Price Discount at which security is issued and the effective yield as a resultof such discount.

  • Step Up/ Step Down Coupon Rate N.A. Coupon Reset Process (including rates, spread, effective date, interest rate cap and floor etc.,) N.A. Day Count Basis Actual/Actual Interest shall be computed on an “actual/actual basis”.

  • The University of South Dakota strives to foster a globally inclusive learning environment where opportunities are provided for diversity to be recognized and respected.Additional Course Policies and Expectations Syllabus and Course InformationThis syllabus provides useful information that is necessary to successful completion of this course.

  • The recommended conventions contained in the joint statement for euro-denominated bond issues are as follows: Day Count Basis: Actual/actualQuotation Basis: DecimalsBusiness Days: TARGET operating days Government Issuers Support for these conventions has been encouraging and widespread; most notably among sovereign issuers within the European Union.

  • Actual Distribution Rate: • This is the actual distribution rate for the Scheduled Tenor ofan ELI (Call Option), being the Annualised Distribution Rate x Scheduled Tenor / Day Count Basis (calculated to 4 decimal places, 0.00005 being rounded upwards).Day Count Basis: • The denominator used to calculate the Distribution Amount.The Day Count Basis will be 365.

  • Step Up/ Step Down Coupon Rate N.A. Coupon Reset Process (including rates, spread, effective date, interest rate cap and floor etc.,) N.A. Day Count Basis Actual/ActualInterest shall be computed on an “actual/actual basis”.

  • Coupon Rate: 10.25% p.a. Cash Flow Item N ote: Please refer to Day Count Basis and Business Day Convention specified in the chapter ‘IssueDetails’ of this Information Memorandum.


More Definitions of Day Count Basis

Day Count Basis means, if "OIS Compounding" applies, in respect of a Reference Rate, the denominator of the Day Count Fraction that customarily applies for the Underlying Benchmark of the Reference Rate and which is either 365 or 360.
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Day Count Basis means 30/360, Actual/360, Actual/365 (fixed), Actual/Actual (accrual basis) or Actual/Actual (payment basis), as applicable.
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Day Count Basis means the number specified as such in the applicable Conditions Supplement or, if not so specified in the applicable Conditions Supplement, the denominator of the Day Count Fraction specified in the applicable Conditions Supplement; and
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Day Count Basis means the day count basis specified as such in the Confirmation, being 365.
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Day Count Basis means 365 days.
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Related to Day Count Basis

  • Fixed Day Count Fraction means, in respect of the calculation of an amount of interest in accordance with this Condition 4(a):

  • Day Count Fraction means, in respect of the calculation of an amount of interest on any Note for any period of time (from and including the first day of such period to but excluding the last) (whether or not constituting an Interest Period or an Interest Accrual Period, the “Calculation Period”):

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

  • Interest Day Count Convention means the actual number of days in the related Interest Accrual Period divided by 360.

  • Day Count Convention Fixed rate period: 30/360. Floating rate period: 360-day year and the number of days actually elapsed.

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

  • Applicable Business Day Convention means the “Business Day Convention” which may be specified in the Final Terms as applicable to any date in respect of the Instruments. Where the Final Terms specifies “No Adjustment” in relation to any date, such date shall not be adjusted in accordance with any Business Day Convention. Where the Final Terms fails either to specify an applicable Business Day Convention or “No Adjustment” for the purposes of an Interest Payment Date or an Interest Period End Date, then in the case of Instruments which bear interest at a fixed rate, “No Adjustment” shall be deemed to have been so specified and in the case of Instruments which bear interest at a floating rate, the Modified Following Business Day Convention shall be deemed to have been so specified. Different Business Day Conventions may apply, or be specified in relation to, the Interest Payment Dates, Interest Period End Dates and any other date or dates in respect of any Instruments.

  • Reset Period means each period from and including the First Reset Date to but excluding the next following Reset Date and thereafter from and including each Reset Date to but excluding the next following Reset Date;

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Interest Basis has the meaning given to it in the applicable Final Terms;

  • Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula:

  • Eurobond Basis has the meaning given in Condition 5.10 (Definitions);

  • 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;

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Bund Rate means, as of any redemption date, the rate per annum equal to the equivalent yield to maturity as of such redemption date of the Comparable German Bund Issue, assuming a price for the Comparable German Bund Issue (expressed as a percentage of its principal amount) equal to the Comparable German Bund Price for such relevant date, where:

  • CMT Rate means, with respect to any Reset Date (in the following order of priority):

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.