Floating Rate Business Day Convention definition

Floating Rate Business Day Convention means that the relevant date shall be postponed to the next day that is a Business Day unless it would thereby fall into the next calendar month, in which event (x) such date shall be brought forward to the immediately preceding Business Day and (y) each subsequent such date shall be the last Business Day of the month in which such date would have fallen had it not been subject to adjustment;
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Floating Rate Business Day Convention. ' or "Eurodollar Convention'' means that each such date shall be the date which numerically corresponds to the date of issue of the relevant Instruments or the preceding such date as the case may be, in the calendar month which is the number of months specified in the Final Terms after the calendar month in which such date of issue or preceding such date occurred provided that:
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Floating Rate Business Day Convention means, (a) if “Floating Rate Business Day Convention” is specified in the applicable Issue Terms as the Business Day Convention, each date that is subject to adjustment in accordance with the Business Day Convention, will be adjusted in the manner set out in paragraph (A) of Master Condition 9(d)(Business Day Convention); and/or (b) if “Floating Rate Business Day Convention” is specified in the
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Examples of Floating Rate Business Day Convention in a sentence

  • Floating Rate Day Count Fraction: Act/360 Floating Rate Business Day Convention: Modified Following Floating Rate Business Days: London, New York Floating Rate for Initial Calculation Period: TBD Floating Rate Option: USD-LIBOR-BBA, however the reference to “London Banking Days” in the third line of the definition of “USD-LIBOR-BBA” as published in Section 7.1.(ab).


More Definitions of Floating Rate Business Day Convention

Floating Rate Business Day Convention means that the date is postponed to the next day that is a Business Day unless it would thereby fall into the next
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Related to Floating Rate Business Day Convention

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

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

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • 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.

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

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

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