Range Accrual Floating Rate definition

Range Accrual Floating Rate means, in respect of any Observation Date in an Observation Period, the percentage rate of interest per annum for the relevant Observation Date calculated in accordance with Condition 6.2(d)(iv) below;
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Range Accrual Floating Rate means the rate specified in the applicable Final Terms which Rate of Interest for each Interest Accrual Period shall be determined in accordance with Condition 4(b)(iii)(B) (Screen Rate/Reference Bank Determination for Floating Rate Notes other than Floating Rate Notes referencing SONIA (Non-Index Determination), SONIA (Index Determination), SOFR (Non-Index Determination) or SOFR (Index Determination)) or, where the rate specified in the applicable Final Terms is SONIA (Non-Index Determination), in accordance with Condition 4(b)(iii)(C) (Screen Rate Determination for Floating Rate Notes where the Reference Rate specified in the applicable Final Terms is SONIA (Non-Index Determination)) or, where the rate specified in the applicable Final Terms is SONIA (Index Determination), in accordance
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Range Accrual Floating Rate means, in respect of any Observation Date in an Observation Period, Range Accrual Floating Rate 1 or (if any) Range Accrual Floating Rate 2 or (if any) Range Accrual Floating Rate 3, as applicable, on such Observation Date in such Observation Period;
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Examples of Range Accrual Floating Rate in a sentence

  • If the Relevant Screen Page specified in the Final Terms to apply to a Range Accrual Floating Rate is not available, or no such offered quotation appears on such Relevant Screen Page as at the Relevant Screen Time specified in the Final Terms to apply to such Range Accrual Floating Rate for seven consecutive calendar days, the relevant fallback provisions applicable to either ISDA Determination or Screen Rate Determination as set out in Condition 6.2 apply.

  • Consequently, the multiplier (n/N) will be zero and the Interest Amount for that Floating Rate Interest Accrual Period will be zero.The Range Accrual Floating Rate of Interest is calculated by reference to the difference between two rates (the “ Rate Difference”).

  • The Fund may not enter into derivative transactions for investment (i.e. speculative) purposes.BenchmarksThe FTSE All Share Index is an industry standard index and is one of the leading representations of UK stock markets.

  • Pricing Supplement) to apply to such Range Accrual Floating Rate for seven consecutive calendar days, the relevant fallback provisions applicable to either ISDA Determination or Screen Rate Determination as set out in Condition 6.2 apply.

  • The Range Accrual Floating Rate shall be a floating interest rate (such as LIBOR or EURIBOR) which will be specified in the relevant Final Terms.


More Definitions of Range Accrual Floating Rate

Range Accrual Floating Rate means the rate specified in the applicable Pricing Supplement which Rate of Interest for each Interest Accrual Period shall be determined in accordance with Condition 4(b)(iii)(B) (Screen Rate/Reference Bank Determination for Floating Rate Notes other than Floating Rate Notes referencing SONIA (Non-Index Determination), SONIA (Index Determination), SOFR (Non-Index Determination) or SOFR (Index Determination)) or, where the rate specified in the applicable Pricing Supplement is SONIA (Non-Index Determination), in accordance with Condition 4(b)(iii)(C) (Screen Rate Determination for Floating Rate Notes where the Reference Rate specified in the applicable Pricing Supplement is SONIA (Non-Index Determination)) or, where the rate specified in the applicable Pricing Supplement is SONIA (Index Determination), in accordance with Condition 4(b)(iii)(D) (Screen Rate Determination for Floating Rate Notes where the Reference Rate specified in the applicable Pricing Supplement is SONIA (Index Determination)) or, where the rate specified in the applicable Pricing Supplement is SOFR (Non-Index Determination), in accordance with Condition 4(b)(iii)(E) (Screen Rate Determination for Floating Rate Notes where the Reference Rate specified in the applicable Pricing Supplement is SOFR (Non-Index Determination)) or, where the rate specified in the applicable Pricing Supplement is SOFR (Index Determination), in accordance with Condition 4(b)(iii)(F) (Screen Rate Determination for Floating Rate Notes where the Reference Rate specified in the applicable Pricing Supplement is SOFR (Index Determination)).
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Related to Range Accrual Floating Rate

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;