Negative Interest definition
Examples of Negative Interest in a sentence
For the purposes of this Agreement, references in the Negative Interest Protocol definitions and provisions to a “Protocol Covered Collateral Agreement” will be deemed to be references to this Annex, and the Implementation Date will be deemed to be the date of this Agreement.
The “Interest Rate” means, in relation to each Eligible Currency and in respect of an Interest Period, the rate of interest earned by the Transferee for such Interest Period on the principal amount of the portion of the Credit Support Balance comprised of cash in such currency provided that each party agrees that the definitions and provisions contained in the form of the Attachment to the Negative Interest Protocol are incorporated by reference into and apply to this Annex.
Reference is made to the ISDA 2014 Collateral Agreement Negative Interest Protocol as published by the International Swap Dealers Association, Inc.
Swap Transaction" means, for the purposes of this provision concerning Negative Interest Rates, a rate exchange or swap transaction, including transactions involving a single currency or two or more currencies.
For the purposes of Paragraph 5(c), neither Party A nor Party B shall be required to transfer Equivalent Distributions or Interest Amounts, save in relation to any AV Negative Interest Amount in respect of the Extension Calculation Period.
The purpose of this letter is to notify you that we wish to designate this year’s Annual Revocation Date as the last date on which any counterparty may adhere to the ISDA 2014 Collateral Agreement Negative Interest Protocol as published by the International Swaps and Derivatives Association, Inc.
This Annex shall be deemed to be a “Protocol Covered Collateral Agreement” for the purposes of the ISDA 2014 Collateral Agreement Negative Interest Protocol published on 12 May 2014 by ISDA (the “Negative Interest Protocol”), solely in respect of the Extension Calculation Period, if any.
Negative Interest If the Floating Amount is negative for the relevant Floating Amount Calculation Period, then the amount payable by the Floating Amount Payer (“Party A”) shall be deemed to be equal to zero and the other Party shall pay Party A an amount equal to the absolute value of the relevant Floating Amount on the date on which the Floating Amount would have been paid if it had been positive.
Such transfer of a Negative Interest Amount shall not be subject to the requirement that it should not result in the creation or increase in a Delivery Amount.
Except where both parties have adhered to the ISDA 2014 Collateral Agreement Negative Interest Protocol published by the International Swaps and Derivatives Association Inc.