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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 Swap Rate of 3.070 per cent., spotted on 27 March 2023 at 11:15 a.m. (New York City time);
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.

  • 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.


More Definitions of SOFR ISR

SOFR ISR means the 10-year SOFR ISR of 3.242 per cent.;
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

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Most Referenced Clauses

Most Referenced Definitions