CMS Spread definition

CMS Spread means, in respect of each applicable Calculation Day during an applicable Interest Period, CMS30 minus CMS2, PROVIDED THAT:
View Source
CMS Spread means, in respect of each Calculation Day during an Interest Period, CMS30 minus CMS2, PROVIDED THAT:
View Source
CMS Spread means, for any Interest Determination Date, the 30-Year CMS Rate minus the 5-Year CMS Rate.
View Source

More Definitions of CMS Spread

CMS Spread means, in respect of any day, a percentage calculated by the Calculation Agent equal to (i) the 30-Year EUR CMS Rate for such day minus
View Source
CMS Spread means, in respect of any day, a percentage calculated by the Calculation Agent equal to
View Source
CMS Spread means the resultant figure of the following formula: (EUR CMS 10 years - EUR CMS 2 years);
View Source
CMS Spread means [currency][maturity1] – [currency][maturity2];
View Source
CMS Spread means a rate determined in accordance with the following formula:
View Source
CMS Spread means the rate, determined by the Calculation Agent, in accordance with the following formula :
View Source

Related to CMS Spread

  • Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”

  • Ratings Spread means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:

  • Net Excess Spread With respect to any Distribution Date, (A) the fraction, expressed as a percentage, the numerator of which is equal to the product of (i) the amount, if any, by which (a) the aggregate of the Interest Remittance Amounts for each Mortgage Pool for such Distribution Date (as reduced by the Credit Risk Manager’s Fee) exceeds (b) the Current Interest payable with respect to the Certificates for such date and (ii) twelve, and the denominator of which is the Aggregate Pool Balance for such Distribution Date, multiplied by (B) a fraction, the numerator of which is thirty and the denominator of which is the greater of thirty and the actual number of days in the immediately preceding calendar month.

  • Excess Spread Percentage means, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.