Observation Shift definition

Observation Shift is specified as the Observation Method in the applicable Final Terms, the Observation Period relating to such Interest Period;

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of Business Days included in the Observation Look-back Period specified in the applicable Final Terms (or, if no such number is specified two Business Days);

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of London Banking Days specified as the “Observation Shift Period” in the applicable Final Terms (or, if no such number is specified, five London Banking Days);

Examples of Observation Shift in a sentence

• Please note that in September 2020 the Working Group published a statement14 that use of a Five Banking Days Lookback without Observation Shift is recommended as the standard approach for sterling loan markets.

• Note that the interest period provisions in the LMA Lookback With Observation Shift FA are structured such that the first and last day of an Interest Period falls on an RFR Banking Day.

• Note that the interest period provisions in the LMA Lookback Without Observation Shift FA are structured such that the first and last day of an Interest Period falls on an RFR Banking Day.

• Please note that in September 2020 the Working Group published a statement15 that use of a Five Banking Days Lookback without Observation Shift is recommended as the standard approach for sterling loan markets.

• For these purposes, (i) the Reference Rate shall be deemed to be SOFR in the case of SOFR Compounded Index and SONIA in the case of SONIA Compounded Index; (ii) the Calculation Method shall be deemed to be Compounded Daily; (iii) the Observation Method shall be deemed to be Observation Shift; (iv) the Observation Shift Period shall be deemed to be “p”; (v) D shall remain the same; and (vi) in the case of SONIA, the Relevant Screen Page will be determined by the Issuer.

More Definitions of Observation Shift

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of U.S. Government Securities Business Days in the relevant Observation Period;

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant U.S. Government Securities Business Day “i”; and

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant London Banking Day “i”.

Observation Shift is specified as the Observation Method, in respect of any Business Day, the €STR in respect of such Business Day;

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant Observation Period; do is the number of London Banking Days in: (1) where “Lag” is specified as the Observation Method in the applicable Final Terms, the relevant Interest Period; or

Observation Shift is specified as the Observation Method in the applicable Final Terms, the relevant London Banking Day “I”.

Observation Shift is specified as the Observation Method in the applicable Final Terms, the number of U.S. Government Securities Business Days specified as the “Observation Shift Period” in the applicable Final Terms (or, if no such number is specified, five U.S. Government Securities Business Days);