Examples of FX Linked Interest in a sentence
If the relevant Final Terms specify that the Notes are FX Linked Interest Notes, the Rate of Interest and the Interest Amount with respect to the relevant Interest Period shall be determined by reference to the rate of exchange of a single currency or basket of currencies, as the case may be, in a manner as specified in these Conditions, the relevant additional terms for the FX Linked Interest Notes set out in Condition 17 and the relevant Final Terms.
Each Floating Rate Note, Inflation Linked Interest Note, and FX Linked Interest Note bears interest on its outstanding nominal amount from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.
Each Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, an FX Linked Interest Note, an Inflation Linked Note or a CMS Linked Note, depending on the Interest Basis specified in the applicable Final Terms.
Each Floating Rate Note, Equity Linked Interest Note and FX Linked Interest Note bears interest on its outstanding nominal amount from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.
This mechanism is not suitable for determining the interest rate payable on a Floating Rate Note, FX Linked Interest Note, CMS Linked Note or Inflation Linked Note on a long-term basis and which may ultimately result in the effective application of a fixed rate to what was previously a Floating Rate Note, FX Linked Interest Note, CMS Linked Note or Inflation Linked Note.
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The Principal Paying Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of FX Linked Interest Notes, Inflation Linked Notes and CMS Linked Notes, will, at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.
The Interest Rate calculated and each Interest Amount payable from time to time on Mixed Rate Notes shall be the Interest Rate calculated and the Interest Amount payable on any combination of Fixed Rate Notes, Floating Rate Notes, Zero Coupon Notes, Indexed Notes or FX Linked Interest Notes for respective periods, each as specified in the Applicable Pricing Supplement.
In the case of FX Linked Interest Notes, Inflation Linked Notes and CMS Linked Notes the Calculation Agent will notify the Principal Paying Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same.
The Rate of Interest in respect of Floating Rate Notes, Equity Linked Interest Notes and FX Linked Interest Notes for each Interest Accrual Period shall be determined in the manner specified hereon and the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified hereon.