EUR CMS20Y definition

EUR CMS20Y means, in respect of the relevant Interest Period, the annual swap rate for EUR swap transactions with a maturity of twenty (20) years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 Page (or any successor page to that page) under the heading “EURIBOR BASIS” and above the caption “11:00 a.m. FRANKFURT” as of 11 a.m. (Frankfurt time) on the relevant Interest Determination Date, as determined by the Calculation Agent.If, for any reason, on any Interest Determination Date, EUR CMS20Y does not appear on the Reuters Screen ISDAFIX2 Page (or any successor page to that page), the EUR CMS20Y for the relevant Interest Determination Date will be the rate determined by the Calculation Agent as being the arithmetic mean (rounded if necessary, to the nearest fifth decimal place, with 0.000005 being rounded upwards) of the bid and offered rates obtained by the Calculation Agent on such Interest Determination Date at or about 11 a.m. (Frankfurt time) from the principal Euro-zone office of four(4) major banks in the Euro-zone interbank market (the “Swap Reference Dealers”) (after eliminating, where at least three (3) such quotations are provided, the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest)) as being their respective rates for the annual fixed leg, calculated on a 30/360 day count basis, and where, if only one (1) or no such quotation is provided, such rate for the annual fixed leg shall be such rate as the Calculation Agent shall deem to be a fair market rate, for a fixed-for-floating EUR interest rate swap transaction with a term equal to twenty (20) years commencing on such Interest Determination Date in an amount equal to the Aggregate Principal Amount with an acknowledged dealer of good credit in the swap market, where the floating leg, in each case calculated on an Actual/360 day count basis, is equivalent to a rate for deposits in EUR for a period of 6 months and which appears on Reuters Screen EURIBOR01 Page (or any successor page to that page) as of 11 a.m. (Brussels time) on such Interest Determination Date.If such 6-month EUR deposit rate does not so appear on Reuters Screen EURIBOR01 Page (or any successor page to that page), such rate for the relevant Interest Determination Date will be the rate determined in good faith by the Calculation Agent according to market practice.
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EUR CMS20Y means, in respect of each relevant Interest Period, the annual swap rate for EUR swap transactions with a maturity of twenty (20) years, expressed as a percentage, which appears on the Reuters Screen ICESWAP2 Page (or any successor page to that page) under the heading “EURIBOR BASIS” and above the caption “11:00 a.m. FRANKFURT” as of 11:00 a.m. (Frankfurt time) on the relevant Interest Determination Date, as determined by the Calculation Agent.
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EUR CMS20Y means, in respect of the relevant Calculation Period, the annual swap rate for EUR swap transactions with a maturity of twenty (20) years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX2 Page (or any successor page to that page) under the heading “EURIBOR BASIS” and above the caption “11:00 a.m. FRANKFURT” as of 11:00 a.m. (Frankfurt time) on the relevant Reset Date, as determined by the Calculation Agent.If for any reason, on any Reset Date, EUR CMS20Y does not appear on the Reuters Screen ISDAFIX2 Page (or any successor page to that page), the EUR CMS20Y for that Reset Date shall be determined as provided in Annex 2 (Formula-Linked Interest Rate) to the Terms and Conditions of the Notes.
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Examples of EUR CMS20Y in a sentence

  • The Interest Amount in respect of each Note for each Interest Period shall be calculated by the Interest Calculation Agent as follows: Specified Denomination * [Min (Max (EUR CMS20Y, 2.6 per cent.), 5 per cent.) - (2.5 per cent.

  • If for any reason the Interest Calculation Agent cannot determine the EUR CMS20Y as set out above, the EUR CMS20Y shall be determined by the Interest Calculation Agent in such manner as it deems appropriate, acting in good faith and in a commercially reasonable manner.

Related to EUR CMS20Y

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Publication NPC-205 means Ministry Publication NPC-205, Sound Level Limits for Stationary Sources in Class 1 & 2 Areas (Urban), October, 1995; and

  • RD 1012/2015 means Royal Decree 1012/2015, of 6 November developing Law 11/2015, as amended or superseded from time to time.

  • Academies Financial Handbook means the document with that title published by the EFA and amended from time to time, on behalf of the Secretary of State.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Sustainability Structuring Agent means PNC Capital Markets LLC.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Aboriginal child means a child who is an Aboriginal person

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

  • SEBI ICDR Regulations means Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended;

  • Publication NPC-207 means the Ministry draft technical publication “Impulse Vibration in Residential Buildings”, November 1983, supplementing the Model Municipal Noise Control By-Law, Final Report, August 1978, published by the Ministry.

  • EU means the European Union.

  • the London Emergencies Trust means the company of that name (number 09928465) incorporated on 23rd December 2015 and the registered charity of that name (number 1172307) established on 28th March 2017;

  • Publication NPC-232 means the Ministry Publication NPC-232, "Sound Level Limits for Stationary Sources in Class 3 Areas (Rural)", October, 1995 as amended.

  • SAQA means the South African Qualifications Authority;

  • EUWA means the European Union (Withdrawal) Act 2018, as amended.

  • Amount Generally Billed or “AGB” means, with respect to emergency and other medically necessary care, the amount generally billed to individuals who have insurance covering such care.

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • NZOC means the New Zealand Olympic Committee Incorporated.

  • Publication NPC-233 means the Ministry Publication NPC-233, "Information to be Submitted for Approval of Stationary Sources of Sound", October, 1995 as amended.

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;

  • PTCE 95-60 As defined in Section 5.02(b). PUD: A planned unit development.

  • Eurozone means the countries and territories listed in the Annex of Council Regulation (EC) No. 974/98 of 3 May 1998 on the introduction of the Euro, in its current version.

  • Sustainability Linked Loan Principles means the Sustainability Linked Loan Principles as most recently published by the Loan Market Association and Loan Syndications & Trading Association.