OverNight Index Average definition

OverNight Index Average means a weighted average rate of interest of overnight unsecured lending
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OverNight Index Average means the average rate of interest of overnight unsecured lending transactions in the inter-bank market calculated on each business day by the relevant Benchmark Administrator in the relevant currency.
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Examples of OverNight Index Average in a sentence

  • If investing in a GBP Portfolio you will receive the Bank of England base rate less 0.75%, if investing in a EUR Portfolio you will receive the Euro OverNight Index Average (EONIA) less 0.75%, if investing in a USD Portfolio you will receive the London Interbank Offered Rate (LIBOR) less 0.75%.

  • If the necessary funds are not received by the Paying Agent in due time, the Paying Agent shall be entitled but not obliged to advance the necessary funds on be- half of the Borrower and, for such an advance, to charge interest at the rate of the European OverNight Index Average (“EONIA“) plus 0.50% per annum.

  • Sofern die erforderli- chen Mittel nicht rechtzeitig bei der Zahlstelle eingehen, ist die Zahlstelle im Auftrag der Dar- lehensnehmerin berechtigt, aber nicht verpflich- tet, die Mittel vorzulegen und für eine solche Vorlage Zinsen zu einem Satz, der dem Euro- pean OverNight Index Average („EONIA“) zu- züglich 0,50% per annum entspricht, zu verlan- gen.

  • The interest rate for the facility is based on the Euro OverNight Index Average, plus a margin.

  • Currency Any freely convertible and transferable currency; EONIA Means Euro OverNight Index Average, which is the weighted average rate for all overnight loans made on the euro area interbank market, as determined by the European Central Bank and published under the aegis of the European Banking Federation, and as published on page 247 of the Telerate screen or any equivalent screen page if the screen page stipulated above is not available.

  • EONIA Means Euro OverNight Index Average, which is the weighted average rate for all overnight loans made on the euro area interbank market, as determined by the European Central Bank and published under the aegis of the European Banking Federation, and as published on page 247 of the Telerate screen or any equivalent screen page if the screen page stipulated above is not available.

Related to OverNight Index Average

  • Index Value means, in relation to any Reference Rate Business Day:

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;