Japanese Yen LIBOR definition

Japanese Yen LIBOR means, for each Interest Period applicable to any Loan denominated in Japanese Yen, the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successor page) for Japanese Yen deposits with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Xxxxx Telerate Screen (or any successor page), the offered quotations to first-class banks in the London interbank market by Barclays for Japanese Yen deposits of amounts in same day funds comparable to the outstanding principal amount of such Loan with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period.
Sample 1Sample 2
Japanese Yen LIBOR means, for each Interest Period applicable to an MCF Loan denominated in Japanese Yen, the rate per annum that appears on page 3750 of the Dow Jonex Xxxerate Screen (or any successor page) for Japanese Yen deposits with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or, if such a rate does not appear on page 3750 of the Dow Jonex Xxxerate Screen (or any successor page), the average of the offered quotations to first-class banks in the London interbank market by Reference Banks that report same to the Administrative Agent for Japanese Yen deposits of amounts in same day funds comparable to the outstanding principal amount of such MCF Loan with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period.
Sample 1

Examples of Japanese Yen LIBOR in a sentence

  • Any continued publication of the Japanese Yen LIBOR settings will also cease permanently at the end of 2022.

  • The FCA announcement states that consequently, these LIBOR settings will no longer be representative of the underlying market that such settings are intended to measure immediately after 31 December 2021, in the case of the Sterling and Japanese Yen LIBOR settings and immediately after 30 June 2023, in the case of the USD LIBOR settings.

  • It is possible that, in some cases, market participants may choose to use these rates alongside the relevant RFR and in place of Euro LIBOR or Japanese Yen LIBOR respectively.

  • The FCA announcement states that consequently, these LIBOR settings will no longer be representative of the underlying market that such settings are intended to measure immediately after 31 December 2021, in the case of the Sterling and Japanese Yen LIBOR settings and immediately after 30 June 2023, in the case of the US Dollar LIBOR settings.

  • In March 2021, both the FCA and IBA issued statements confirming that the publication of Pounds Sterling, CHF, Euros and Japanese Yen LIBOR Screen Rate (all tenors) and Dollar LIBOR Screen Rate (1-Week and 2-Month) shall cease at the end of 2021.

  • Any continued publication of the Japanese Yen LIBOR settings will also cease permanently at the end of 2022.Furthermore, the UK has recently passed the Financial Services Act 2021.

  • The announcement states that consequently, these LIBOR settings will no longer be representative of the underlying market that such settings are intended to measure immediately after 31 December 2021, in the case of the Sterling and Japanese Yen LIBOR settings and immediately after 30 June 2023, in the case of the US Dollar LIBOR settings.

  • In relation to the remaining LIBOR settings (1-month, 3-month and 6-month Sterling, US Dollar and Japanese Yen LIBOR settings), the FCA will consult on, or continue to consider the case for, using its powers to require IBA to continue their publication under a changed methodology for a further period after end-2021 (end-June 2023 in the case of US Dollar LIBOR).

  • The FCA also notified IBA that it has designated these six settings as “Article 23A benchmarks” under the UK Benchmark Regulations (BMR), which it must do in order to enable it to require these changes IBA will not be able to determine or publish the 1- , 3- and 6-Months Sterling or Japanese Yen LIBOR settings after 31 December 2021 under the current “panel bank” Libor methodology (i.e. using panel bank contributions).

  • The FCA Announcement states that consequently, these LIBOR settings will no longer be representative of the underlying market that such settings are intended to measure immediately after 31 December 2021, in the case of the Sterling and Japanese Yen LIBOR settings and immediately after 30 June 2023, in the case of the USD LIBOR settings.

Related to Japanese Yen LIBOR

  • Japanese Yen means the lawful currency of Japan.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Yen and “¥” mean the lawful currency of Japan.

  • GBP LIBOR means, in respect of a day, the rate for deposits in pounds sterling for a period of 12 months which appears on Bloomberg Page BP0012M INDEX for that day, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate

  • Canadian Dollars means the lawful money of Canada.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • Canadian Dollar means the lawful currency of Canada.

  • EURIBOR means, in relation to any Loan in euro:

  • Pounds Sterling means the lawful currency of the United Kingdom.

  • EURIBOR Screen Rate has the meaning assigned to such term in the definition of “Eurocurrency Rate”.

  • HIBOR means the Hong Kong inter-bank offered rate.

  • ICE LIBOR has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Australian Dollars means the lawful currency of Australia.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • SIBOR means the Singapore inter-bank offered rate;

  • Euro-Dollar Reference Banks means the principal London offices of Xxxxxx Guaranty Trust Company of New York, Bank of America, N.A., The Bank of New York, The Bank of Nova Scotia and Citicorp USA, Inc.

  • Reuters Screen LIBOR Page means the display on the Reuters screen LIBOR01 page or LIBOR02 page, as specified in applicable pricing supplement, on the Reuters 3000 Xtra service (or any successor service) (or any replacement page or pages on the Reuters 3000 Xtra service or any successor service on which London interbank rates of major banks for the relevant index currency are displayed).

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • Australian Dollar means the lawful currency of Australia.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.