Swap Spread definition

Swap Spread means an amount payable by the Issuer to the Equity Contract

Swap Spread means, in respect of any date of determination, the annual rate of interest (expressed as a percentage) above and beyond the effective yield on the Applicable Treasury Security, as of such date of determination, which the fixed-rate payor would be required to pay under an interest rate swap agreement to be entered into on such date of determination in order to receive a floating rate of interest based upon the Eurodollar Rate under such interest rate swap agreement, all as determined by the Agent.

Swap Spread means 0.10%.

Examples of Swap Spread in a sentence

• Any such Swap Spread shall be quoted in a minimum increment of one tenth (1/10) of one basis point per annum (eg, 10.9, 11.0, 11.1, or 11.2 basis points per annum).

• While CDS prices are readily available, the way the bond spread is computed distinguishes various methods used to compute the basis, the three most common being the Z-spread, the Par Asset Swap Spread (ASW) and the Par Equivalent CDS Spread (PECDS).

• The Swap Spread-Derived Price Calculation shall continue to be used, to the extent available, for subsequent monthly prices by adding the correlative year's Calendar Year Swap Spread for any given month to price for the same month during the prior year.

• The Administrative Agent shall promptly give notice to the Borrower and each Lender of each determination of Adjusted LIBOR and the Credit Default Swap Spread, with respect to each Eurodollar Loan.

• In case this bond yield would be significantly higher than a normal present market return (LIBOR), the difference is referred to as Asset Swap Spread (ASS).

More Definitions of Swap Spread

Swap Spread. The twenty-year swap spread (bid side) determined by the Calculation Agent as of the Rate Setting Time from Telerate Page 19901, subject to the Swap Spread Fallback.

Swap Spread means, as of the date of determination, the nine-year swap spread rate, offer side, as displayed on the Reuters Monitor Money Rate Services page RTRSWP1 (or such other page of such service as may replace such page) as determined by KfW.

Swap Spread means the difference between the yield of the current benchmark two (2) year U.S. Treasury Note and the current ask price of the two (2) year swap rate each of the foregoing as obtained from the "US Dollar Swap Curve" as provided by Bloomberg as of the date of funding.

Swap Spread has the meaning defined in the Pricing Letter.

Swap Spread means, as of the date of determination, the then current ----------- offered margin for a fixed-to-LIBOR-based interest rate swap agreement with an average maturity equal to the weighted average remaining maturity of all Pool Receivables as of such date, assuming prepayment of such Pool Receivables at an average monthly rate equal to the actual monthly rate of prepayment which occurred with respect thereto over the previous twelve month period.

Swap Spread means 0.075%.

Swap Spread means the difference of (i) the weighted average (weighted based on the Outstanding Balance of the Receivables) APR of the Aggregate Outstanding Balance minus (ii) the weighted average (weighted based on the notional amount of the Hedge Agreements as of the related date of determination) of the fixed interest rates payable by the Borrower under the Hedge Agreements.