Reference Rate1 definition

Reference Rate1 means "CMS30 – CMS2", where
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Reference Rate1 means USD CMS 2y, subject to a Minimum Reference Rate1;
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Reference Rate1 means [] [month][year]-[EURIBOR (Euro In- terbank Overnight Rate)] [[Insert Currency] [LIBOR (London Inter- bank Overnight Rate)]] (Screen Page: [Insert]).
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Examples of Reference Rate1 in a sentence

  • Our theoretical work can be seen as providing a justification for the success of these models as well.

  • Feature (4): Reverse Interest Rate Difference Floating Rate Securities If the difference between Reference Rate1 and Reference Rate2 increases, the market value of the Reverse Interest Rate Difference Floating Rate Securities regularly falls.

  • On the other hand, if the Range Accrual Reference Rate1 falls or the Range Accrual Reference Rate2 rises, respectively, the market value of the Range Accrual Securities regularly rises.

  • On the other hand, if the Range Accrual Reference Rate1 falls or the Range Accrual Reference Rate2 rises, respectively, the market value of the Range Accrual Securities regularly falls.

  • The penalty amount is calculated based on the following formula: Time deposit principal x (PBoC Reference Rate1 – Contracted Time Deposit Interest Rate) x No. of days to maturity / Total no.

  • On the other hand, if the difference between Reference Rate1 and Reference Rate2 decreases, the market value of the Reverse Interest Rate Difference Fixed Floating Rate Securities regularly rises.

  • Describe the State’s‌‌‌‌‌‌ one-stop center certification policy, particularly the accessibility criteria.

  • On the other hand, if the Range Accrual Reference Rate1 or the Range Accrual Reference Rate2, respectively, falls, the market value of the Range Accrual Securities regularly rises.

  • Feature (3): Interest Rate Difference Floating Rate Securities If the difference between Reference Rate1 and Reference Rate2 increases, the market value of the Interest Rate Difference Floating Rate Securities regularly rises.

  • Feature (8): Dual Range Accrual Securities with Interest Rate Threshold (short/short) If the Range Accrual Reference Rate1 or the Range Accrual Reference Rate2, respectively, rises, the market value of the Range Accrual Securities regularly falls.


More Definitions of Reference Rate1

Reference Rate1 means EUR CMS 2y, subject to a Minimum Reference Rate1;
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Related to Reference Rate1

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • 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.

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

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • 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;