ISDA Determination Fallback Event definition

ISDA Determination Fallback Event means the Reference Rate specified in the applicable Final Terms has not been published by the source that is specified or otherwise ordinarily used to determine the level of the Reference Rate on the day on which it is required or an Index Cessation Event has occurred with respect to the Reference Rate.
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ISDA Determination Fallback Event means the Reference Rate specified in the applicable Pricing Supplement (i) has not been published by the source that is specified or otherwise ordinarily used to determine the level of the Reference Rate on the day on which it is required, (ii) an Index Cessation Event has occurred with respect to the Reference Rate, or (iii) if "Administrator/Benchmark Event" is specified to be applicable in the relevant Pricing Supplement, an Administrator/Benchmark Event has occurred with respect to the Reference Rate.
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Examples of ISDA Determination Fallback Event in a sentence

  • Notwithstanding the provisions of Condition 4(k) (Benchmark Replacement) and Condition 4(l) (Effect of Benchmark Transition Event), if ISDA Determination for Fallback provisions is specified in the relevant Final Terms as being applicable then, upon the occurrence of an ISDA Determination Fallback Event, the Calculation Agent shall determine the Rate of Interest for the relevant Interest Period or Interest Accrual Period as the sum of: (A) the ISDA Fallback Rate; and (B) the ISDA Fallback Adjustment.

Related to ISDA Determination Fallback Event

  • ISDA Fallback Rate means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.