CMS Rate Note definition

CMS Rate Note means a Floating Rate Note where the designated Interest Basis is CMS Rate. "CNH HIBOR" means the CNH Hong Kong Interbank Offered Rate.
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Examples of CMS Rate Note in a sentence

  • Each CMS Rate Note will bear interest at a specified rate that will be reset periodically based on the CMS Rate and any Margin and Rate Multiplier.

  • A CMS Rate Note will bear interest at the interest rate (calculated with reference to the CMS Rate and the spread and/or Spread Multiplier and will be subject to the minimum interest rate or the maximum interest rate, if any) specified in the CMS Rate Note and in the applicable Pricing Supplement.

Related to CMS Rate Note

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Floating Rate Notes means the Class A-2b Notes.

  • 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.

  • Reset Date means the First Trading Date and thereafter each day (except Saturday and Sunday) as determined in the reasonable discretion of the Determination Agent pursuant to §317 BGB and in consideration of the relevant capital market practice and by acting in good faith.

  • Reset Period means the First Reset Period or a Subsequent Reset Period, as the case may be;