Examples of SARON Index Cessation Effective Date in a sentence
If the SARON is not published on the SARON Screen Page at the Relevant Time on the relevant Zurich Banking Day and both a SARON Index Cessation Event and a SARON Index Cessation Effective Date have occurred on or prior to the Relevant Time on the relevant Zurich Banking Day: a.
SARON Administrator means SIX Swiss Exchange or any successor administrator of the Swiss Average Rate Overnight; SARON Administrator Website means the website of the SARON Administrator; SARON Index Cessation Effective Date means the earliest of: a.
If there is an NWG Recommended Rate before the end of the first Zurich Banking Day following the SARON Index Cessation Effective Date but neither the administrator nor authorized distributors provide or publish the NWG Recommended Rate, then, subject to the below, in respect of any day for which the NWG Recommended Rate is required, references to the NWG Recommended Rate will be deemed to be references to the last provided or published NWG Recommended Rate.
If a SARON Index Cessation Event occurs, the rate for a SARON Fixing Day occurring on or after the SARON Index Cessation Effective Date will be the NWG Recommended Rate.