5-year Mid-Swap Rate definition

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:

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

5-year Mid-Swap Rate means, in relation to a Reset Date and the Reset Period commencing on that Reset Date:

Examples of 5-year Mid-Swap Rate in a sentence

• In these Conditions: 5-year Mid-Swap Rate has the meaning given to it in Condition 5.4(b)(i).

• The Distribution Rate in respect of a Reset Period (each a “Reset Distribution Rate”) shall be the aggregate of the Margin and the 5-year Mid-Swap Rate for such Reset Period, determined and converted from a semi-annual to a quarterly basis in a commercially reasonable manner by the Calculation Agent.

• The Distribution Rate in respect of a Reset Period (each a “Reset Distribution Rate”) shall be the aggregate of the Margin and the 5-year Mid-Swap Rate for such Reset Period, determined and converted from an annual to a quarterly basis by the Calculation Agent using the following formula (with the result rounded (if necessary) to the nearest0.001 per cent.

• Another meaning takes into account the entire decision-making process that defines national interests and threats, develops strategy to deal with them, produces the Armed Target Force structure, and programs with alternative options and Budget Estimations - called Planning, Programming and Budget System (PPBS).

• The potential discontinuation of the 5-year Mid-Swap Rate or changes to its administration could require changes to the way in which the Rate of Interest is calculated on the Securities from (and including) the First Call Date.

More Definitions of 5-year Mid-Swap Rate

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

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

5-year Mid-Swap Rate means the 5-year semi-annual mid-swap rate as displayed on the Reset Screen Page on the Reset Interest Determination Date. In the event that the 5-year semi-annual mid-swap rate does not appear on the Reset Screen Page on the Reset Interest Determination Date, the 5-Year Mid-Swap Rate shall be the Reset Reference Bank Rate on the Reset Interest Determination Date.

5-year Mid-Swap Rate means, in relation to the Reset Period:

5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Determination Date in relation to such Reset Interest Period, (a) the annual mid-swap rate for euro swap transactions with a term of five years, expressed as a percentage, which appear on the Relevant Screen Page as of 11.00 (CET) on such Reset Determination Date; or (b) in the circumstances described in Condition 4.3 (Fallbacks), the Reset Reference Bank Rate determined in accordance with Condition 4.3 (Fallbacks).

5-year Mid-Swap Rate means the annual mid-swap rate for U.S. Dollar swap transactions with a maturity of five years (quoted on a semi-annual basis), expressed as a percentage, that appears on the Screen Page at the Relevant Time. If such rate does not appear on the Screen Page at the Relevant Time, the 5 Year Mid-Swap Rate will be the percentage per annum determined by the Fiscal Agent on the basis of the arithmetic mean of the bid and offered rates quoted by the Reference Banks at the Relevant Time for the semi-annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating U.S. Dollar interest rate swap transaction with an acknowledged dealer of good credit in the swap market, which swap transaction has a term of five years commencing on the Issuer Call Date and is in a Representative Amount, where the floating leg (calculated on an Actual/360 day count basis) is equivalent to the rate for deposits in U.S. Dollars for a three month period offered at the Relevant Time by the principal London offices of leading swap dealers in the New York City interbank market to prime banks in the London interbank market. The Fiscal Agent will request each of the Reference Banks to provide such quotations. If three or more quotations are so provided, the 5 Year Mid-Swap Rate will be the percentage reflecting the arithmetic mean of those quotations, eliminating the highest such quotation (or, in the event of equality, one of the highest) and the lowest such quotation (or, in the event of equality, one of the lowest). If only two quotations are so provided, it will be the arithmetic mean of the quotations provided. If only one quotation is so provided, it will be such quotation. If no quotations are provided, the 5 Year Mid-Swap Rate will be 1.810 per cent. per annum,

5-year Mid-Swap Rate means, the rate, expressed as a percentage, for swap transactions in the Specified Currency with a term of 5 years;