Screen Rate Determination Sample Clauses
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Screen Rate Determination. Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will be, subject as provided below, either:
(1) the offered quotation (if there is only one quotation on the relevant screen page (the “Relevant Screen Page”)), whatever its designation; or
(2) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of the offered quotations, (expressed as a percentage rate per annum) for the rate (the “Reference Rate”) by reference to the Rate of Interest which appears or appear, as the case may be, on the Relevant Screen Page on which the Reference Rate is for the time being displayed on the ▇▇▇▇▇▇ Monitor Money Rates Service (or such other service as is specified in the applicable Final Terms) at 11:00 a.m. (London time in the case of LIBOR, or Brussels time in the case of Euribor) on the dates on which the Rate of Interest is to be determined (each, an “Interest Determination Date”) plus or minus (as indicated in the applicable Final Terms) the Margin, if any, all as determined by the Calculation Agent. If five or more such offered quotations are available on the Relevant Screen Page, the highest (or, if there is more than one such highest quotation, only one of such quotations) and the lowest (or, if there is more than one such lowest quotation, only one of such quotations) shall be disregarded by the Calculation Agent for purposes of determining the arithmetic mean of such offered quotations. If the Relevant Screen Page is not available or if, in the case of (1) above, no such offered quotation appears or, in the case of (2) above, fewer than two such offered quotations appear, in each case at the time specified in the preceding paragraph, the Calculation Agent, at its sole discretion, shall request the principal London office of each of the Reference Banks (as defined herein) to provide the Calculation Agent with its offered quotation (expressed as a percentage rate per annum) for deposits in the Specified Currency for the relevant Interest Period to leading banks in the London interbank market in the case of LIBOR or leading banks in the Euro-Zone interbank market in the case of Euribor, at approximately 11:00 a.m. (London time in the case of LIBOR, or Brussels time in the case of Euribor) on the Interest Determination Date in question. If two or more of the Reference Banks provide ...
Screen Rate Determination. Overnight Rate- Compounded Daily ▇▇▇▇▇ – Index Determination
Screen Rate Determination. Unless specified otherwise in the applicable Final Terms, where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will, subject as provided below, be either:
Screen Rate Determination. If Screen Rate Determination is specified in the relevant Pricing Supplement as the manner in which the Rate(s) of Interest is/are to be determined, the Rate of Interest applicable to the Notes for each Interest Period will be determined by the Calculation Agent on the following basis:
(i) if the Reference Rate is a composite quotation or customarily supplied by one entity, the Calculation Agent will determine the Reference Rate which appears on the Relevant Screen Page as of the Relevant Time on the relevant Interest Determination Date;
(ii) if Linear Interpolation is specified as applicable in respect of an Interest Period in the relevant Pricing Supplement, the Rate of Interest for such Interest Period shall be calculated by the Calculation Agent by straight-line linear interpolation by reference to two rates which appear on the Relevant Screen Page as of the Relevant Time on the relevant Interest Determination Date, where:
(A) one rate shall be determined as if the relevant Interest Period were the period of time for which rates are available next shorter than the length of the relevant Interest Period; and
(B) the other rate shall be determined as if the relevant Interest Period were the period of time for which rates are available next longer than the length of the relevant Interest Period; provided, however, that if no rate is available for a period of time next shorter or, as the case may be, next longer than the length of the relevant Interest Period, then the Calculation Agent shall determine such rate at such time and by reference to such sources as it determines appropriate;
(iii) in any other case, the Calculation Agent will determine the arithmetic mean of the Reference Rates which appear on the Relevant Screen Page as of the Relevant Time on the relevant Interest Determination Date;
(iv) if, in the case of (i) above, such rate does not appear on that page or, in the case of (iii) above, fewer than two such rates appear on that page or if, in either case, the Relevant Screen Page is unavailable:
(A) the Issuer will request the principal Relevant Financial Centre office of each of the Reference Banks to provide a quotation of the Reference Rate at approximately the Relevant Time on the Interest Determination Date to prime banks in the Relevant Financial Centre interbank market in an amount that is representative for a single transaction in that market at that time and the Issuer shall provide such quotations in writing to the Calculation Agent...
Screen Rate Determination. Floating Rate Notes Referencing ▇▇▇▇▇: If Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Rate(s) of Interest is/are to be determined and the Final Terms specify that the Reference Rate is ▇▇▇▇▇, the Rate of Interest for each Interest Period will be calculated in accordance with Condition 7(d)(i), Condition 7(d)(ii) or Condition 7(d)(iii) below, subject to the provisions of Condition 7(d)(v) and Condition 7(d)(vi) below, as applicable:
(i) Where the Calculation Method is specified in the relevant Final Terms as being “Compounded Daily ▇▇▇▇▇”, the Rate of Interest for each Interest Period will be the Compounded Daily ▇▇▇▇▇ plus or minus (as indicated in the relevant Final Terms) the Margin (if any), all as determined by the Calculation Agent on the Interest Determination Date and the resulting percentage being rounded (if necessary) to the fifth decimal place, with 0.000005 being rounded upwards.
(ii) Where the Calculation Method is specified in the relevant Final Terms as being “Compounded Daily ▇▇▇▇▇ Index”, the Rate of Interest for each Interest Period will be the Compounded Daily ▇▇▇▇▇ Index plus or minus (as indicated in the relevant Final Terms) the Margin (if any), all as determined by the Calculation Agent on the Interest Determination Date and the resulting percentage being rounded (if necessary) to the fifth decimal place, with 0.000005 being rounded upwards.
(iii) Where the Calculation Method is specified in the relevant Final Terms as being “▇▇▇▇▇ Weighted Average”, the Rate of Interest for each Interest Period will be the Weighted Average ▇▇▇▇▇ plus or minus (as indicated in the relevant Final Terms) the Margin (if any), all as determined by the Calculation Agent on the Interest Determination Date and the resulting percentage being rounded (if necessary) to the fifth decimal place, with 0.000005 being rounded upwards.
(iv) The following definitions shall apply for the purpose of this Condition 7(d):
Screen Rate Determination. Where Screen Rate Determination is specified in the applicable Pricing Supplement, the rate of interest (the "Rate of Interest") payable from time to time in respect of the relevant Tranche of Floating Rate Notes denominated in any currency (the "Specified Currency") (other than Euro, which will be determined in accordance with the provisions of Condition 6(c)) will be determined on the basis of the following provisions:
(a) The Rate of Interest for each Interest Period shall, subject as provided below, be:
(1) the rate, or
(2) if at least two rates appear, the arithmetic mean (rounded, if necessary, to the nearest fourth decimal place (0.00005 being rounded upwards)) of the offered rates, for deposits in the Specified Currency for a period equal to the Interest Period that appears or appear, as the case may be, on the appropriate page of the screen (as defined below) as at 11:00
a. m., London time, on the relevant Interest Determination Date (as defined below) plus or minus (as appropriate) the Margin, if any, as determined by the Trustee.
(b) If, on any Interest Determination Date, no such offered rate appears, or, in the case of a screen that normally displays at least two rates for any relevant period, fewer than two of such offered rates appear at such time or if the offered rate or rates which appears or appear, as the case may be, as at such time do not apply to a period equal to the relevant Interest Period, the Rate of Interest for such Interest Period shall, subject as provided below, be the arithmetic mean (rounded, if necessary, to the nearest fourth decimal place (0.00005 being rounded upwards)) of the rates at which the Trustee is advised by all Reference Banks (as defined below) that deposits in the Specified Currency for a period equal to such Interest Period are offered by the Reference Banks to leading banks in the London interbank market as at 11:00 a.m., London time on the Interest Determination Date plus or minus (as appropriate) the Margin, if any, all as determined by the Trustee.
(c) If on any such Interest Determination Date to which subparagraph (B) above applies, two or three of the Reference Banks advise the Trustee of such rates, the Rate of Interest for the next Interest Period shall, subject as provided below, be determined as in subparagraph (B) above on the basis of the rates of those Reference Banks advising such rates.
(d) If on any such Interest Determination Date to which subparagraph (B) above applies only one or none ...
Screen Rate Determination. If Screen Rate Determination is specified in the Final Terms as the manner in which the Profit Rate(s) is/are to be determined, the Profit Rate applicable to the Certificates for each Return Accumulation Period will be determined by the Calculation Agent on the following basis:
(i) if the Reference Rate is a composite quotation or customarily supplied by one entity, the Calculation Agent will determine the Reference Rate which appears on the Relevant Screen Page as of the Relevant Time on the relevant Profit Rate Determination Date;
(ii) (for Floating Rate Certificates other than where the relevant Reference Rate is specified in the applicable Final Terms as being Term SOFR) in any other case, the Calculation Agent will determine the arithmetic mean of the Reference Rates which appear on the Relevant Screen Page as of the Relevant Time on the relevant Profit Rate Determination Date;
(iii) (for Floating Rate Certificates other than where the relevant Reference Rate is specified in the applicable Final Terms as being Term SOFR) if, in the case of (i) above, such rate does not appear on that page or, in the case of (ii) above, fewer than two such rates appear on that page or if, in either case, the Relevant Screen Page is unavailable, the Calculation Agent will:
(A) request the principal Relevant Financial Centre office of each of the Reference Banks to provide a quotation of the Reference Rate at approximately the Relevant Time on the Profit Rate Determination Date to prime banks in the Relevant Financial Centre interbank market in an amount that is representative for a single transaction in that market at that time; and
(B) determine the arithmetic mean of such quotations; and
(iv) (for Floating Rate Certificates other than where the relevant Reference Rate is specified in the applicable Final Terms as being Term SOFR) if fewer than two such quotations are provided as requested, the Calculation Agent will determine the arithmetic mean of the rates (being the nearest to the Reference Rate, as determined by the Calculation Agent) quoted by major banks in the Principal Financial Centre of the Specified Currency, selected by the Calculation Agent, at approximately 11.00 a.m. (local time in the Principal Financial Centre of the Specified Currency) on the first day of the relevant Return Accumulation Period for loans in the Specified Currency to leading European banks for a period equal to the relevant Return Accumulation Period and in an amount that is represent...
Screen Rate Determination. Overnight Rate
(i) Calculation Method – Compounded Daily Rate – Non-Index Determination Where Screen Rate Determination and Overnight Rate are both specified in the relevant Final Terms or, in the case of Exempt Notes, the relevant Pricing Supplement, as the manner in which the Rate of Interest is to be determined, and where the relevant Final Terms or, in the case of Exempt Notes, the relevant Pric ing Supplement also specify: (i) the Calculation Method as Compounded Daily Rate and
(ii) Index Determination as being “Not Applicable”, the Rate of Interest for an Interest Period will, subject to Condition 7(g) (Benchmark Discontinuance or Prohibition on Use), as applicable and as provided below, be the Compounded Daily Reference Rate plus or minus (as indicated in the relevant Final Terms or, in the c ase of Exempt Notes, the relevant Pricing Supplement) the applicable Margin, where:
Screen Rate Determination. (a) Where Screen Rate Determination is specified in the Final Terms as the manner in which the Rate of Interest is to be determined, and unless Condition 10.5, 10.6, 10.7, 10.8, 10.9 or 10.10 applies, the Rate of Interest for each Interest Period will, subject as provided below, be either:
Screen Rate Determination. Where the “