Fixed Rate Payer Calculation Period definition

Fixed Rate Payer Calculation Period means each period from, and including, one Fixed Rate Payer Period End Date to, but excluding, the next following Fixed Rate Payer Period End Date, except that (a) the initial Fixed Rate Payer Calculation Period will commence on, and include, the Effective Date, and (b) the final Fixed Rate Payer Calculation Period will end on, and include, the earlier to occur of the Scheduled Termination Date and the Event Determination Date (Chapter VIII Number 2.1.16 Paragraph 3 of the Clearing Conditions).
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Fixed Rate Payer Calculation Period means each period from, and including, one Fixed Rate Payer Period End Date to, but excluding, the next following Fixed Rate Payer Period End Date, except that:
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Fixed Rate Payer Calculation Period means each period from, and including, one Fixed Rate Payer Payment Date to, but excluding, the next following Fixed Rate Payer Payment Date, provided that, the first Fixed Rate Payer Calculation Period shall commence on, and include, the Effective Date and the final Fixed Rate Payer Calculation Period shall end on, but exclude, the Termination Date, unless the Termination Date falls on or before the Scheduled Termination Date, in which case the final Fixed Rate Payer Calculation Period shall end on, and include, the Termination Date.
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Examples of Fixed Rate Payer Calculation Period in a sentence

  • Notwithstanding Section 2.9 of the Credit Derivatives Definitions, the initial Fixed Rate Payer Calculation Period shall commence on, and include, the Fixed Rate Payer Payment Date falling on or immediately prior to the calendar day immediately following the Trade Date.

  • Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Defaulted Reference Obligations for which a Final Price has not yet been determined (each, an “ Undetermined Defaulted Reference Obligation”), a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date in accordance with the Fixed Amount Calculation Provisions above.

  • Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Undetermined Reference Entities, a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date (the “Scheduled Fixed Rate Payer Payment Date”) in accordance with the provisions for the calculation of Fixed Amounts set out above.

  • Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Undetermined Reference Entities, a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date (the "Scheduled Fixed Rate Payer Payment Date").

  • Fixed Rate Payer Calculation Amount: For any Fixed Rate Payer Calculation Period, an amount determined by the Calculation Agent equal to (a) the sum of the Outstanding Swap Notional Amount as at 5 p.m. in the Calculation Agent City on each day in such Fixed Rate Payer Calculation Period, divided by (b) the actual number of days in such Fixed Rate Payer Calculation Period.

  • Average Outstanding Swap Notional Amount:With respect to a Fixed Rate Payer Calculation Period, an amount equal to the sum of the Outstanding Swap Notional Amounts on each day of such Fixed Rate Payer Calculation Period divided by the number of days in such Fixed Rate Payer Calculation Period.

  • Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Defaulted Reference Obligations for which a Final Price has not yet been determined (each such, an “ Undetermined Defaulted Reference Obligation”), a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date in accordance with the Fixed Amount Calculation Provisions.

  • Upon the occurrence of an Event Determination Date, the Fixed Amount payable in respect of the Fixed Rate Payer Calculation Period in which such Event Determination Date occurs and any subsequent Fixed Rate Payer Calculation Period to and excluding that in which the relevant Cash Payment Date occurs will reduce as a result of the removal of the Defaulted Reference Obligation from the Reference Portfolio on the basis set out below.

  • With respect to each Fixed Rate Payer Calculation Period, the Protection Buyer will provide a report substantially in the form set out in Appendix A and a report containing the information set out in Appendix B to the Protection Seller, the Noteholders (pursuant to Condition 16), the Trustee (but only at the request of the Trustee) and the Irish Stock Exchange (each report a “Monthly Report”) not later than the first day of such Fixed Rate Payer Calculation Period.

  • Single Name Constant Maturity Swap Transaction means a Credit Derivative Transaction that references not more than one Reference Entity for which the Fixed Rate is reset at the end of each Fixed Rate Payer Calculation Period to the then-current market rate for the relevant Credit Derivative Transaction.


More Definitions of Fixed Rate Payer Calculation Period

Fixed Rate Payer Calculation Period means each period from, and including, one Fixed Rate Payer Period End Date to, but excluding, the next following Fixed Rate Payer Period End Date, except that (a) the initial Fixed Rate Payer Calculation Period will commence on, and include, the Effective Date, and (b) the final Fixed Rate
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Related to Fixed Rate Payer Calculation Period

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.