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.

  • 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.

  • 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.

  • 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.

Related to Overnight Reference Rate

  • Overnight Rate means, for any day, the greater of (a) the Federal Funds Effective Rate and (b) an overnight rate determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, in accordance with banking industry rules on interbank compensation.

  • 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: