Overnight SARON definition

Overnight SARON means the overnight SARON published and administered by the Swiss Stock Exchange (or a successor administrator) as the administrator.
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Examples of Overnight SARON in a sentence

  • For further information please refer to section 10 (Tax Provisions) and 11 (Costs and Fees).5 Where the sub-fund is liquidated, the Management Company and/or the depositary may charge a liquidation fee of not more than CHF 10,000 for its own benefit.6 The flat-rate remuneration is made up of two components: a fixed fee and an interest-linked fee using the Swiss Average Rate Overnight (SARON).

  • In Switzerland, the National Working Group on Swiss Franc Reference Rates has recommended the CHF Swiss Average Rate Overnight (SARON) as the alternative reference rate to replace CHF LIBOR.

  • Condition 5(c) (Interest on Floating Rate Notes, Inverse Floating Rate Notes and Inflation Linked Notes) allows for Notes referencing the Euro short term rate (€STR), the Sterling Overnight Index Average (SONIA), the Secured Overnight Financing Rates (SOFR), the Tokyo overnight average (TONA) or the Swiss Average Rate Overnight (SARON) to be issued.

  • The Working Group on Sterling Risk-Free Reference Rates in the United Kingdom chose the Sterling Overnight Index Average (SONIA) to replace British pound sterling LIBOR; the Study Group on Risk-Free Reference Rates in Japan chose the Tokyo Overnight Average Rate (TONAR) to replace yen LIBOR and to serve as an alternative to the Tokyo Interbank Offered Rate (TIBOR); and the National Working Group in Switzerland selected the Swiss Average Rate Overnight (SARON) to replace Swiss franc LIBOR.

  • The Sub-Funds will also use the Swiss Average Rate Overnight (SARON), provided by SIX Financial Information AG which is registered on the public register of administrators and benchmarks maintained by ESMA pursuant to Article 36 of the Benchmark Regulation.

  • The Swiss Average Rate Overnight (SARON) is a secured overnight interest rates average referencing the CHF interbank repo market.

  • As proposed in Order No. 5337 and implemented here, the amount of the density-based rate authority would be determined annually based on the formula described below.

  • The NWG has already established an important basis for replacing the Swiss franc LIBOR with the introduction of the Swiss Average Rate Overnight (SARON).

  • In 2017, the Swiss NWG recommended the Swiss Average Rate Overnight (SARON) administered by SIX Swiss Exchange Financial Information AG (SIX) as the replacement rate for CHF LIBOR (4).

  • Benchmark Rate means the Sterling Overnight Index Average (SONIA) for Pounds Sterling, the Euro short-term rate (STR) for Euros, the Secured Overnight Financing Rate (SOFR) for United States Dollars and the Swiss Average Rate Overnight (SARON) for Swiss Francs, as applicable.

Related to Overnight SARON

  • Courier means any armed person who transports or offers to transport from one place to another

  • 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.

  • 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.

  • Dispatch Rate means the control signal, expressed in dollars per megawatt-hour, calculated and transmitted continuously and dynamically to direct the output level of all generation resources dispatched by the Office of the Interconnection in accordance with the Offer Data.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • Exchange Business Day means any Scheduled Trading Day on which the Exchange and each Related Exchange are open for trading during their respective regular trading sessions, notwithstanding any such Exchange or Related Exchange closing prior to its Scheduled Closing Time.