ICE Swap Rate definition

ICE Swap Rate means the ICE Swap Rate benchmark (formerly known as ISDAFIX) administered by ICE.
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ICE Swap Rate means, for any interest determination date, the rate for U.S. dollar swaps, expressed as a percentage, with a maturity for a number of years specified in the applicable pricing supplement, which appears on Reuters page “ICESWAP1” (or such other page as may replace that page on that service) as of 11:00 a.m., New York City time, on that interest determination date. An ICE Swap Rate is also sometimes referred to as a “constant- maturity swap rate” or a “CMS rate.”
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ICE Swap Rate means the ICE Swap Rate benchmark (formerly known as ISDAFIX) administered by ICE. This Schedule H supplements, forms part of, and is subject to the terms of, the Agreement and constitutes a historical access licence (this “Licence”) in respect of the ICE Swap Rate. This Licence permits the Customer and Customer Group Companies to access the ICE Direct Data Service for the purposes of retrieving historical ICE Swap Rate benchmark settings, made available 7 calendar days after initial publication. This Licence does not permit the Customer and/or Customer Group Companies to distribute or re- distribute ICE Swap Rate benchmark settings or historical individual ICE Swap Rate submissions outside their Customer Group Companies for any purpose whatsoever, or to reverse-engineer, use, distribute or re-distribute any data which are used as an input to calculate any ICE Swap Rate Materials. Customer agrees and acknowledges (on behalf of itself and the Customer Group Companies) that markets are transitioning from using USD LIBOR, which is in the process of being wound down. This may result in a reduction in the number of USD LIBOR-linked swaps and related prices offered, displayed and/or traded. To the extent that there is any such reduction in relation to USD LIBOR-linked swaps that are used to generate input data for USD LIBOR ICE Swap Rate settings, this could result in a greater reliance on Levels 2 and 3 of the waterfall in calculating USD LIBOR ICE Swap Rates, and could result in ICE being unable to calculate and publish one or more USD LIBOR ICE Swap Rate settings. Further to the FCA’s March 5, 2021 announcement, its Article 21A Notice, and announcements* from US authorities in relation to the use of USD LIBOR, ICE expects to consult on the potential cessation of USD LIBOR ICE Swap Rate in due course. * xxxxx://xxx.xxxxxxxxxxxxxx.xxx/supervisionreg/srletters/SR2027a1.pdf ; xxxxx://xxx.xxxxxxxxxxxxxx.xxx/supervisionreg/srletters/SR2117a1.pdf Customer agrees and acknowledges (on behalf of itself and the Customer Group Companies) that further updates or changes may take place relating to ICE Swap Rate in connection with LIBOR transition after the date of this document. Licence Fees The fees payable in respect of this Licence for any given period are set out in the Licensing & Data section of ICE’s website at xxxxx://xxx.xxxxxx.xxx/iba/licensing or as otherwise notified to the Customer by ICE from time to time. Fees are payable annually in advance within 30 days o...
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Examples of ICE Swap Rate in a sentence

  • The board has opted to award the bid with an indexed rate; the ICE Swap Rate index formula will remain constant.

  • EURIBOR, GBP LIBOR, USD LIBOR and other "IBORs" are used as the floating leg in the calculation of the EUR ICE Swap Rate, the GBP ICE Swap Rate, USD ICE Swap Rate and other swap rates (collectively, the "Swap Rates", and each a "Swap Rate"), respectively.

  • Whenever the Calculation Agent is required to act, make a determination or exercise judgement pursuant to a replacement of the USD SOFR ICE Swap Rate by either the Alternative Post-Nominated Index rate or the Calculation Agent Nominated Replacement Index rate, it shall do so by reference to Relevant Market Data available at, or a reasonable period of time prior to, the time of notification.

  • A Participant may submit to the SEF for execution a Cross Transaction for which the fixed rate will be the ICE Swap Rate for the “USD Rates 1100” benchmark run and for the relevant tenor published by ICE Benchmark Administration Limited at 11:15 a.m. New York time on the date of the Participant’s submission (each such Cross Transaction, a “TAS Cross Transaction”).

  • For any TAS Cross Transaction that is a Required Cross Transaction, the time delay requirement described in Rule 4011 will be applied immediately following the announcement of the relevant ICE Swap Rate.

  • Each TAS Cross Transaction submitted to the SEF will be held in abeyance by the SEF, and will not be deemed executed, until the relevant ICE Swap Rate has been announced and, in the case of any TAS Cross Transaction that is a Required Cross Transaction, the time delay requirement set forth in Rule 4011 has been applied as described in Rule 4003.C.(c) below.

  • The Calculation Agent shall notify the Issuer of any determination it makes pursuant to the replacement of the USD SOFR ICE Swap Rate by either the Alternative Post-Nominated Index rate or the Calculation Agent Nominated Replacement Index rate as soon as reasonably practicable after either of these replacement rates first apply and, in any event, at least two Business Days before the Cut-off Date.

  • Neither we nor the selling agent have independently verified the accuracy or completeness of any information publicly available on the ICE Swap Rate Website with respect to the U.S. Dollar SOFR ICE Swap Rate® and IBA, or any historical rate information obtained from the Bloomberg Professional Services service, in connection with the offer and sale of the notes, and neither we nor they make any representation that such publicly available information is accurate or complete.

  • If an Index Cessation Event or an Administrator/Benchmark Event occurs with respect to the USD SOFR ICE Swap Rate, then, from and including the Index Cessation Effective Date or the Administrator/Benchmark Event Date, as applicable, the Alternative Post-Nominated Index rate will apply to Notes.

  • In that event, the fallback provisions below for the USD SOFR ICE Swap Rate will apply to the USD SOFR Spread-Adjusted ICE Swap Rate.


More Definitions of ICE Swap Rate

ICE Swap Rate means the average mid-market rates for fixed-for-floating interest rate swaps in four major currencies at selected maturities on a daily basis as quoted by a panel of major interest rate swap dealers. It was formerly known as ISDAFIX.
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ICE Swap Rate means the ICE Swap Rate benchmark (formerly known as ISDAFIX) administered by ICE. This Schedule H supplements, forms part of, and is subject to the terms of, the Agreement and constitutes a historical access licence (this “Licence”) in respect of the ICE Swap Rate. This Licence permits the Customer and Customer Group Companies to access the ICE Direct Data Service for the purposes of retrieving historical ICE Swap Rate benchmark settings, made available 7 calendar days after initial publication. This Licence does not permit the Customer and/or Customer Group Companies to distribute or re- distribute ICE Swap Rate benchmark settings or historical individual ICE Swap Rate submissions outside their Customer Group Companies for any purpose whatsoever, or to reverse-engineer, use, distribute or re-distribute any data which are used as an input to calculate any ICE Swap Rate Materials. Xxxxxxxx agrees and acknowledges (on behalf of itself and the Customer Group Companies) that:
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ICE Swap Rate means the annual mid-swap rate for Euro swap transactions having a maturity of 5 years commencing on the Reset Date, expressed as a percentage, which appears on the Screen Page as of 11:00 a.m. (Frankfurt am Main time).
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Related to ICE Swap Rate

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 4(b)(ii), either:

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Swap Rate means a charge by the Company for the interest cost and associated costs (positive or negative) incurred in relation to the overnight rollover (s) of an open position;

  • REMIC Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • Swap Receipt Amount Swap Termination Payment"

  • Floating Swap Payment With respect to any Distribution Date on or prior to the Distribution Date in January 2010, an amount equal to the product of (x) Swap LIBOR, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Interest Rate Swap means any interest rate swap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Net Swap Receipt With respect to any Distribution Date, any net payment (other than a Swap Termination Payment) made by the Swap Provider to the Trust on the related Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement).

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Ca l Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • Net Swap Receipts means, for the Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuer, if any, on any Swap Payment Date, excluding any Swap Termination Payments.]

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.