Floating Interest Rate definition

Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

Floating Interest Rate means for each Pre-Redelivery Period and Interest Period selected pursuant to Clause 5.3.1 the aggregate of LIBOR or EURIBOR (as the case may be) and the Margin;

Floating Interest Rate shall have the meaning set forth in Section 2.5(a).

Examples of Floating Interest Rate in a sentence

• Floating Leg – The payment amount is based on the following: Notional, Payment Frequency, Day Count Convention, Floating Interest Rate Index and Floating Reset Dates.All payments are settled in accordance with the payment frequency of the swap.

• Each PD Debt Instrument may be a Fixed Rate PD Debt Instrument, a Floating Rate PD Debt Instrument, a Fixed / Floating Interest Rate Basis PD Debt Instrument, a Zero Coupon PD Debt Instrument or a combination of any of the foregoing, as specified in the relevant Final Terms.

• IllustrationThe following are illustrations how derivatives work: Basic Structure of an Interest Rate Swap Floating Interest Rate Counter Party 2Counter Party 1Fixed Interest RateIn the above illustration, Basic Details : Fixed to floating swap Notional Amount : Rs. 5 Crores Benchmark : NSE MIBORDeal Tenor : 3 months (say 91 days) Documentation : International Securities Dealers Association (ISDA).

• If at least two of the Reference Banks provide the Agent Bank with such offered quotations, the Floating Interest Rate for the relevant Interest Period shall be the rate determined by the Agent Bank to be the arithmetic mean (rounded if necessary to the nearest one hundred thousandth of a percentage point (0.000005 per cent.

• Each PR Debt Instrument may be a Fixed Rate PR Debt Instrument, a Floating Rate PR Debt Instrument, a Fixed / Floating Interest Rate Basis PR Debt Instrument, a Zero Coupon PR Debt Instrument or a combination of any of the foregoing, as specified in the relevant Final Terms.

More Definitions of Floating Interest Rate

Floating Interest Rate means a fluctuating rate per annum equal to LIBOR plus the Spread; provided, however, in no event shall LIBOR be deemed to be less than zero.

Floating Interest Rate means a Rate of Interest calculated in accordance with Condition 5(b).

Floating Interest Rate means, in respect of any Interest Period, the rate per annum determined by the Agent to be the aggregate of:

Floating Interest Rate. Interest Rate Basis(es): Fixed Interest Rate: Fixed Rate Commencement Date: Initial Interest Rate, if any: The Initial Interest Rate for the Notes offered by this Pricing Supplement will be an interpolated rate based upon Two-Week LIBOR and 1 Month LIBOR, minus 0.03% determined in accordance with the provisions of this Pricing Supplement and the Prospectus Supplements, subject to adjustment in accordance with the Modified Following Business Day Convention. Interest Rate Basis(es). Check all that apply: [ ] CD Rate [ ] Federal Funds Rate [ ] CMT Rate [X ] LIBOR [ ] Commercial Paper Rate [ ] EURIBOR [ ] Constant Maturity Swap Rate [ ] Prime Rate [ ] Eleventh District Cost of Funds [ ] Treasury Rate [ ] Federal Fund Open Rate If LIBOR: LIBOR Page: 3750 (or any replacement page) [X ] LIBOR Moneyline Telerate (or any successor service): [ ] LIBOR Reuters: LIBOR Currency: U.S. Dollars If CMT Rate: Designated CMT Moneyline Telerate Page: Not applicable If CMT Moneyline Telerate Page 7052: [ ] Weekly Average [ ] Monthly Average Designated CMT Maturity Index: Not applicable Index Maturity: One month Spread (+/-): See Additional Provisions for Floating Rate Notes Spread Multiplier: Not applicable Interest Reset Date(s): Each Interest Payment Date

Floating Interest Rate means, in relation to a Tranche of Notes (where applicable), the floating interest rate per annum specified as such in (or calculated in the manner set out in) the Applicable Pricing Supplement;

Floating Interest Rate means the sum of (i) the Adjusted LIBOR Rate and (ii) the LIBOR Spread.

Floating Interest Rate means a fluctuating rate per annum equal to LIBOR plus the Spread.