Swiss franc LIBOR definition

Swiss franc LIBOR means the London Interbank Offered Rate for the Swiss franc.
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Swiss franc LIBOR means, for each Interest Period applicable to any Loan denominated in Swiss Francs, the rate per annum that appears on page 3750 (or other appropriate page if such currency does not appear on such page) of the Dow Xxxxx Telerate Screen (or any successor page) for Swiss Franc deposits with maturities comparable to such Interest Period as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or, if such a rate does not appear on page 3750 (or such other appropriate page) of the Dow Xxxxx Telerate Screen (or any successor page), the offered quotations to first-class banks in the London interbank market by Barclays for Swiss Franc deposits of amounts in same day funds comparable to the outstanding principal amount of such Loan with maturities comparable to such Interest Period determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period.
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Swiss franc LIBOR means the LIBO Rate applicable to Eurocurrency Borrowings denominated in Swiss Francs.
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Examples of Swiss franc LIBOR in a sentence

  • WEKO has also granted UBS conditional immunity in connection with potential competition law violations related to submissions for Swiss franc LIBOR and certain transactions related to Swiss franc LIBOR.

  • Government investigations and civil lawsuits have revealed widespread collusion among banks to manipulate benchmark interest rates for multiple currencies (U.S. Dollar LIBOR, Euribor, Yen LIBOR, Swiss franc LIBOR) during the Class Period.

  • The Working Group on Sterling Risk-Free Reference Rates in the United Kingdom chose the Sterling Overnight Index Average (SONIA) to replace British pound sterling LIBOR; the Study Group on Risk-Free Reference Rates in Japan chose the Tokyo Overnight Average Rate (TONAR) to replace yen LIBOR and to serve as an alternative to the Tokyo Interbank Offered Rate (TIBOR); and the National Working Group in Switzerland selected the Swiss Average Rate Overnight (SARON) to replace Swiss franc LIBOR.

  • On 5 March 2021, the UK Financial Conduct Authority announced that all LIBOR settings will either cease to be provided by the administrator, or will no longer be representative, immediately after the following dates: (a) 31 December 2021: for all tenors of euro LIBOR, Swiss franc LIBOR, Japanese yen LIBOR, Sterling LIBOR, and the 1-week and 2 month US dollar LIBOR, and (b) 30 June 2023: for the overnight, 1, 3, 6 and 12-month US dollar LIBOR.

  • The FCA specifically announced that certain LIBOR settings (all euro and Swiss franc LIBOR tenors, overnight, one-week, two-month and 12-month sterling LIBOR, spot next, one-week, two-month and 12-month Japanese yen LIBOR, and one-week and two-month US dollar LIBOR) would permanently cease to be published immediately after 31 December 2021.

  • CCA provide a conditional right to receive semi-annual cash payments of interest equivalents at a rate of 4.23%, 4.85% and 4.75% per annum over the six-month Swiss franc LIBOR or 5.41%, 5.75% and 5.33% per annum over the six-month US dollar LIBOR, for Swiss franc and US-denominated awards for 2016, 2015 and 2014, respectively, until settled.

  • Pursuant to the latest FCA announcement, publication of (i) all euro LIBOR and Swiss franc LIBOR settings, the spot next, 1-week, 2- month and 12-month Japanese yen LIBOR settings, the overnight, 1-week, 2-month and 12-month sterling LIBOR settings, and the 1-week and 2-month US dollar LIBOR settings will cease immediately after 31 December 2021 and (ii) the overnight and 12-month US dollar LIBOR settings will cease immediately after 30 June 2023.

  • In 2021, the Bank addressed the replacement of LIBOR under one loan agreement which was indexed to, inter alia, sterling LIBOR, Swiss franc LIBOR and Japanese yen LIBOR; this loan agreement and the related swaps were amended using the same RFR conventions (in order to preserve the hedge accounting approach).

  • Since 1 January 2022, the publication of all seven euro LIBOR settings, all seven Swiss franc LIBOR settings, the Spot Next, 1-week, 2-month and 12-month Japanese yen LIBOR settings, the overnight, 1-week, 2-month, and 12-month sterling LIBOR settings, and the 1-week and 2- month US dollar LIBOR settings ceased.

  • On March 5, 2021, the UK’s Financial Conduct Authority (FCA) confirmed the cessation or loss of representativeness of all 7 euro LIBOR settings; all 7 Swiss franc LIBOR settings; all Sterling and Yen tenors and the 1-week and 2-month US dollar LIBOR settings, from December 31, 2021.


More Definitions of Swiss franc LIBOR

Swiss franc LIBOR means the Swiss Franc wholesale funding rate, known as the Swiss Franc London Interbank Offered Rate, provided by the IBOR Administrator;
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Swiss franc LIBOR means the Swiss Franc wholesale funding rate known as Swiss Franc LIBOR (London Interbank Offered Rate) provided by ICE Benchmark Administration Limited, as the administrator of the benchmark, (or a successor administrator);
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Related to Swiss franc LIBOR

  • Swiss Franc means the lawful currency of Switzerland.

  • Swiss Francs means the lawful currency of Switzerland.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • GBP LIBOR means, in respect of a day, the rate for deposits in pounds sterling for a period of 12 months which appears on Bloomberg Page BP0012M INDEX for that day, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Japanese Yen means the lawful currency of Japan.

  • 3-Month LIBOR has the meaning set forth in Section 2.10.

  • One-Month LIBOR With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 and any Accrual Period therefor, the rate determined by the Trust Administrator on the related Interest Determination Date on the basis of the offered rate for one-month U.S. dollar deposits, as such rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such Interest Determination Date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the offered rates of the Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Interest Determination Date. In such event, the Trust Administrator will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such Interest Determination Date, two or more Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the arithmetic mean of such offered quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If on such Interest Determination Date, fewer than two Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the higher of (i) One-Month LIBOR as determined on the previous Interest Determination Date and (ii) the Reserve Interest Rate. Notwithstanding the foregoing, if, under the priorities described above, One-Month LIBOR for an Interest Determination Date would be based on One-Month LIBOR for the previous Interest Determination Date for the third consecutive Interest Determination Date, the Trust Administrator shall select, after consultation with the NIMS Insurer, an alternative comparable index (over which the Trust Administrator has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • EURIBOR Screen Rate has the meaning assigned to such term in the definition of “Eurocurrency Rate”.

  • Daily One Month LIBOR means, for any day, the rate of interest equal to LIBOR then in effect for delivery for a one (1) month period.

  • Australian Dollars means the lawful currency of Australia.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Canadian Dollar means the lawful currency of Canada.

  • Canadian Dollars means the lawful money of Canada.

  • Yen and “¥” mean the lawful currency of Japan.

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • Pounds Sterling means the lawful currency of the United Kingdom.

  • Australian Dollar means the lawful currency of Australia.

  • EURIBOR means, in relation to any Loan in euro:

  • CDOR Screen Rate has the meaning assigned to such term in the definition of the term “CDOR Rate”.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • LIBOR Screen Rate means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).