Overnight Reference Rate definition

Overnight Reference Rate means in relation to any Reference Rate Business Day:
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Overnight Reference Rate means the reference rate set by the Authority in relation to a Standing Facility;
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Overnight Reference Rate means, "SOFR" in relation to any USGS Business Day, a reference rate equal to the daily Secured Overnight Financing Rate as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) published at or around 3:00 p.m. (New York City time) on the New York Federal Reserve's Website on the next succeeding USGS Business Day for trades made on such USGS Business Day;
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Examples of Overnight Reference Rate in a sentence

  • The loan matures on November 23, 2023, and bears interest at the Turkish Lira Overnight Reference Rate (“TLREF”) plus 3.5944% per annum.

  • Turkish Lira Overnight Reference Rate (TLREF) is created in order to meet the need of Turkish Lira short-term reference rate that can be used as underlying or benchmark in financial products, debt instruments and various types of financial contracts.

  • Floating Rate From (and including) the Interest Payment Date falling in September 2023 to the Maturity Date (the "SOFR Period"): Overnight Reference Rate – Compounded Daily SOFR Compounded Daily SOFR + 1.0 per cent.

  • We supported the creation of the Turkish Lira Overnight Reference Rate (TLREF) benchmark and linked products, including the inaugural TLREF overnight index swap.► Healthcare public-private partnerships (PPPs)► Energy efficiency► Environmental and social compliance in renewables► Agriculture subsidies► Non-performing loans resolution► Technical and vocational education► Support for refugeesenergy capacity.

  • Derivatives, floating rate notes, loans and other financial contracts whose terms extend beyond the relevant discontinuation date, and that refer to certain benchmark rates (including LIBOR) as the reference rate, will be impacted.In Turkey, Turkish Lira Overnight Reference Rate (“TLREF”) is created in order to meet the need of Turkish Lira short-termreference rate that can be used as an underlying or a benchmark in financial products, debt instruments and different types of financial contracts.

  • In Turkey, Turkish Lira Overnight Reference Rate (“TLREF”) is created in order to meet the need of Turkish Lira short-termreference rate that can be used as an underlying or a benchmark in financial products, debt instruments and different types of financial contracts.

Related to Overnight Reference Rate

  • SOFR Reference Rate means, in respect of any U.S. Government Securities Business Day:

  • Reference Rate means the rate specified as such hereon.

  • Overnight Rate means, for any day, the greater of (a) the Federal Funds Rate and (b) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.