Portfolio Swap definition
Examples of Portfolio Swap in a sentence
The Administrator shall apply amounts received by the CBC under a Swap Agreement (other than a Portfolio Swap Agreement) connected to a Series of Covered Bonds and which amounts are scheduled to be paid in the relevant CBC Payment Period, towards payments by the CBC for value on the relevant due date in respect of such Series of Covered Bonds in accordance with and subject to the terms of such Swap Agreement, the Trust Deed and this Agreement.
The Administrator shall apply amounts received by the CBC under a Swap Agreement (other than a Portfolio Swap Agreement) connected to a Series of Covered Bonds and which amounts are scheduled to be paid in the relevant CBC Payment Period, towards payment by the CBC for value on the relevant due date in respect of such Series of Covered Bonds in accordance with and subject to the terms of such Swap Agreement, the Trust Deed and this Agreement.