NZD-BBR-Reference Banks definition
NZD-BBR-Reference Banks means that the rate for a Reset Date will be determined on the basis of the average of the mean bid and offered rates of each of the Reference Banks for New Zealand Dollar bills of exchange for a period of the Designated Maturity for settlement on that Reset Date and in a Representative Amount at approximately 11:00 a.m., Wellington time, on the Reset Date. The Calculation Agent will request the principal Wellington office of each of the Reference Banks to provide a quotation of its rates.