DKK-CIBOR-Reference Banks definition
DKK-CIBOR-Reference Banks means that the rate for a Reset Date will be determined on the basis of the rates at which deposits in Danish Kroner are offered by the Reference Banks (A) in the case of "DKK-CIBOR-DKNA13", at approximately 11:00 a.m., Copenhagen time, on that Reset Date or (B) in the case of "DKK-CIBOR2-DKNA13", at approximately 11:00 a.m., Copenhagen time, on the day that is two Copenhagen Banking Days preceding that Reset Date to prime banks in the Copenhagen interbank market for a period of the Designated Maturity commencing on that Reset Date and in a Representative Amount. The Calculation Agent will request the principal Copenhagen office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided, the rate for that Reset Date will be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that Reset Date will be the arithmetic mean of the rates quoted by the [major] banks in Copenhagen, selected by the Calculation Agent.