SOFR ISR definition

SOFR ISR means, in respect of each applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the U.S. Dollar SOFR ICE Swap Rate® for a tenor of two years (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 2y USD LIBOR ISR Fallback Rate), 10 years (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 10y USD LIBOR ISR Fallback Rate) or 30 years (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 30y USD LIBOR ISR Fallback Rate), as calculated and provided as of approximately 11:00 a.m., New York City time (or any amended time specified by the administrator of the U.S. Dollar SOFR ICE Swap Rate® in the benchmark methodology) on such day by IBA as the administrator of the benchmark (or a successor administrator), as such rate appears for “USISSO02 Index” or any successor index or symbol (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 2y USD LIBOR ISR Fallback Rate), “USISSO10 Index” or any successor index or symbol (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 10y USD LIBOR ISR Fallback Rate) and “USISSO30 Index” or any successor index or symbol (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 30y USD LIBOR ISR Fallback Rate) on the Designated SOFR Swap Rate Page at approximately 12:15 p.m., New York City time, on such day, as determined by the Calculation Agent.
Sample 1Sample 2Sample 3
SOFR ISR means, in respect of each applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the U.S. Dollar SOFR ICE Swap Rate® for a tenor of 10 years, as calculated and provided as of approximately 11:00 a.m., New York City time (or any amended time specified by the administrator of the U.S. Dollar SOFR ICE Swap Rate® in the benchmark methodology) on such day by IBA as the administrator of the benchmark (or a successor administrator), as such rate appears for "USISSO10 Index" or any successor index or symbol on the Designated SOFR Swap Rate Page at approximately 12:15 p.m., New York City time, on such day, as determined by the Calculation Agent.
Sample 1
SOFR ISR means the 10-year SOFR ISR of 3.242 per cent.;
Sample 1

Examples of SOFR ISR in a sentence

  • At a high level, this fallback formula consists in using the SOFR ISR, adding the ISDA fallback spread adjustment for 3m USD LIBOR (26.161bps) and applying technical adjustments to account for differences in payment frequency and day count conventions between USD LIBOR and SOFR swaps.

  • Published USD ISR Fallback Rate: The 'Published USD ISR Fallback Rate' will be calculated based on (i) the SOFR ISR for the relevant tenor of the USD LIBOR CMS Rate referenced in the Notes or the 'Designated Maturity', (ii) the fixed spread adjustment published by Bloomberg Index Services Limited in the applicable tenor, and (iii) certain convexity adjustments to compensate for the varying payment frequencies between the fixed and floating legs of the USD LIBOR CMS Rate and the SOFR ISR.

  • At a high level, this fallback formula consists in using the SOFR ISR, adding the ISDA fallback spread adjustment for 3-month USD LIBOR (26.161bps) and applying technical adjustments to account for differences in payment frequency and day count conventions between USD LIBOR and SOFR swaps.

  • A form of amendment to enable parties to amend one or more existing confirmations to incorporate the ‘GBP LIBOR ICE Swap Rate Fallback Provisions’, ‘USD LIBOR ICE Swap Rate’ and/or ‘JPY LIBOR Tokyo Swap Rate’ fallback provisions.2. An updated version of the ISDA Definitions with (i) new Rate Options for the TONA TSR and SOFR ISR, (ii) new fallbacks in the Rate Options for JPY LIBOR TSR and USD LIBOR ISRs, etc.

  • Source: http://assets.isda.org/media/04d213b6/db0b0fd7-pdf/published in March 20215 that this adjustment spread should not directly be applied to the SOFR ISR as such adjustment spread does not account for certain differences in day count convention and payment frequencies of the underlying fixed and floating rate legs used to calculate the USD LIBOR ISR and the SOFR ISR, respectively.


More Definitions of SOFR ISR

SOFR ISR means the 10-year Swap Rate of 3.070 per cent., spotted on 27 March 2023 at 11:15 a.m. (New York City time);
Sample 1
SOFR ISR means, in respect of each applicable U.S. Government Securities Business Day falling in an applicable Interest Period, the U.S. Dollar SOFR ICE Swap Rate® for a tenor of two years (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 2y USD LIBOR ISR Fallback Rate), 10 years (in the case of the Calculated USD LIBOR ISR Fallback Rate for the 10y USD LIBOR ISR Fallback Rate) or 30 years (in the case of the Calculated USD LIBOR ISR Fallback
Sample 1

Related to SOFR ISR

  • Passive NFE Under the CRS a “Passive NFE” means any NFE that is not an Active NFE. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution is also treated as a Passive NFE for purposes of the CRS.

  • Passive Investor means a person that:

  • Public garage means a building or other place where vehicles or vessels are kept and stored and where a charge is made for the storage and keeping of vehicles and vessels.

  • CAFRA Centers, Cores or Nodes means those areas with boundaries incorporated by reference or revised by the Department in accordance with N.J.A.C. 7:7-13.16.

  • Local public procurement unit means a county, city, town, or other subdivision of the state or a public agency of any such subdivision; public authority; educational, health, or other institution; to the extent prov ided by law, any other entity that expends public funds for the procurement of suppl ies and services; and any non profit corporation operating a charitable hospital.

  • Anti-Ragging Helpline means the Helpline established under clause (a) of Regulation 8.1 of these Regulations.

  • Public lands ’ means (A) all lands under the cus- tody and control of the Secretary of the Interior and the Secretary of Agriculture, except Indian lands, (B) lands under the custody and control of the Tennessee Valley Authority that are situated in western Ken- tucky and Tennessee and are designated as ‘‘Land Be- tween the Lakes,’’ and (C) lands under the custody and control of the Secretary of Defense;

  • Hydraulic lift tank means a tank holding hydraulic fluid for a closed-loop mechanical system that uses compressed air or hydraulic fluid to operate lifts, elevators, and other similar devices.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Public library means a library that is lawfully established for free public purposes by 1 or more counties, cities, townships, villages, school districts, or other local governments or a combination thereof, or by a public or local act, the entire interests of which belong to the general public. Public library does not include a special library such as a professional, technical, or school library.

  • ASRS means the Arizona state retirement system established by

  • organised trading facility or ‘OTF’ means a multilateral system which is not a regulated market or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with Title II of this Directive;

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • Dynamic Purchasing System means a completely electronic process for making commonly used purchases of items generally available on the market;

  • Biochemical Oxygen Demand (BOD means the quantity of oxygen utilized in the biochemical oxidation of organic matter under standard laboratory procedure in five (5) days at 20 degrees C, expressed in milligrams per liter.