Bond Equivalent Yield definition

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

Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Bond Equivalent Yield = D x N x 100 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Reset Period.

Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: where “D” refers to the applicable per annum rate for Treasury bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Reset Period.

Examples of Bond Equivalent Yield in a sentence

• If the results of the auction of Treasury Bills for the period of the Index Maturity are not published or reported as provided above by 3:00 p.m., New York City time, on such Calculation Date, then the Treasury Rate shall be the Bond Equivalent Yield (as defined below) of the auction rate, for such Treasury Interest Determination Date and for Treasury Bills of the kind described above, as announced by the United States Department of the Treasury.

• If the rate described above does not appear on Telerate page 56 or 57 at 3:00 p.m., New York City time, on the Calculation Date pertaining to such Treasury Rate Interest Determination Date, the Treasury Rate shall be the Bond Equivalent Yield of the rate, for such Treasury Rate Interest Determination Date, for the type of Treasury Bills described above, as published in H.

• The bond equivalent will be calculated using the following formula: Bond Equivalent Yield = D x N x 100 where “D” refers to the applicable annual rate for Treasury bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable interest period.

• Such rate shall be the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m., New York City time, on such Treasury Rate Interest Determination Date, of three primary United States government securities dealers, as selected by the Calculation Agent after consultation with Financement-Québec (and which may be the Agents or their affiliates) for the issue of Treasury bills with a remaining maturity closest to the period of the Index Maturity.

• Such rate shall be the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m., New York City time, on such Treasury Rate Interest Determination Date, of three primary United States government securities dealers, as selected by the Calculation Agent after consultation with Québec (and which may be the Agents or their affiliates) for the issue of Treasury bills with a remaining maturity closest to the period of the Index Maturity.

More Definitions of Bond Equivalent Yield

Bond Equivalent Yield means, in respect of any security with a maturity of six months or less, the rate for which is quoted on a bank discount basis, a yield (expressed as a percentage) calculated in with the following formula:

Bond Equivalent Yield means a yield expressed as a percentage and calculated in accordance with the following formula: where • “D” equals the annual rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal; • “N” equals 365 or 366, as the case may be; and • “M” equals the actual number of days in the applicable Interest Reset Period. The “Calculation Date” means the Business Day immediately preceding the date on which interest will next be paid on this Security.

Bond Equivalent Yield means a yield (expressed as a percentage) calculated as follows:

Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Bond Equivalent Yield = D x N x 100 ----------------- 360 - (D x M)

Bond Equivalent Yield means a yield expressed as a percentage and calculated in accordance with the following formula: where Ÿ “D” equals the annual rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal; Ÿ “N” equals 365 or 366, as the case may be; and Ÿ “M” equals the actual number of days in the period from and including the relevant Interest Reset Date to but excluding the next succeeding Interest Reset Date.

Bond Equivalent Yield means, in respect of any security the rate for which is quoted in THE WALL STREET JOURNAL on a bank discount basis, the "bond equivalent yield" (expressed as a percentage) for such security which appears on Telerate's United States Treasury and Money Market Composite Page 0223, rounded up to the nearest one one-hundredth of one percent.

Bond Equivalent Yield means a yield expressed as a percentage and calculated in accordance with the following formula: where • “D” equals the annual rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal; • “N” equals 365 or 366, as the case may be; and • “M” equals the actual number of days in the applicable Interest Reset Period. The “Calculation Date” corresponding to any Commercial Paper Interest Determination Date, Prime Interest Determination Date, LIBOR Interest Determination Date, EURIBOR Interest Determination Date, Treasury Interest Determination Date, CMT Interest Determination Date, CD Interest Determination Date, CMS Interest Determination Date, Federal Funds Interest Determination Date or 11th District Interest Determination Date, as the case may be, means the earlier of: