TONA Fixing Day definition

TONA Fixing Day means, in respect of Tokyo Overnight Average Rate ("TONA") and a Business Day "i", the Business Day immediately following that day "i" (or any amended publication day for TONA as specified by the Bank of Japan (or any successor administrator of such rate) in the TONA benchmark methodology); and
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TONA Fixing Day means, in respect of TONA and a Tokyo Banking Day "i", the Tokyo Banking Day immediately following that day "i" (or any amended publication day for TONA as specified by the Bank of Japan (or any successor administrator of such rate) in the TONA benchmark methodology);
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TONA Fixing Day means, in respect of TONA and a Tokyo Banking Day "i", the Tokyo Banking Day immediately following that day "i" (or any amended publication day for TONA as specified by the administrator of TONA in the TONA benchmark methodology).€STR Floating Rate Determination Compounded Daily €STR: Subject to General Condition 8.3(c) (Consequences of an Index Cessation/Benchmark Event, USD LIBOR Benchmark Transition Event or Administrator/Benchmark Event), where €STR Floating Rate Determination is specified in the relevant Pricing Supplement as the manner in which the Floating Rate Coupon is to be determined, the Floating Rate Coupon for each Floating Rate Coupon Period shall be Compounded Daily €STR plus or minus (as indicated in the relevant Pricing Supplement) the Margin (if any). For the purposes of this General Condition 8.3(b)(vi), "Compounded Daily €STR" means, in respect of a Floating Rate Coupon Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) calculated by the Calculation Agent in respect of the relevant Floating Rate Coupon Determination Date (and the resulting percentage will be rounded, if necessary, to the nearest one ten-thousandth of a percentage point, with 0.00005 per cent. being rounded upwards):where "Compounded Daily €STR (Shift)" is specified as applicable in the relevant Pricing Supplement, as follows: where "Compounded Daily €STR (Lag)" is specified as applicable in the relevant Pricing Supplement, as follows: In each case, for the avoidance of doubt, the formula for the calculation of Compounded Daily €STR only compounds the €STR rate in respect of any TARGET2 Settlement Day. The €STR reference rate applied to a day that is not a TARGET2 Settlement Day will be taken by applying the €STR reference rate for the previous TARGET2 Settlement Day but without compounding. For the purposes of the above definition, the following terms have the following meanings:
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Examples of TONA Fixing Day in a sentence

  • If TONA is not published in respect of a Business Day as specified above, and both a TONA Index Cessation Event and a TONA Index Cessation Effective Date have occurred, then, in respect of such Business Day and (subject to the further operation of this Condition3(c)(v)(G)) each Business Day thereafter, the TONA rate for a TONA Fixing Day occurring on or after the TONA Index Cessation Effective Date will be the JPY Recommended Rate, and "r" shall be interpreted accordingly.

  • If TONA is not published in respect of a Business Day as specified above, and both a TONA Index Cessation Event and a TONA Index Cessation Effective Date have occurred, then, in respect of such Business Day and (subject to the further operation of this Condition 3(c)(v)(G)) each Business Day thereafter, the TONA rate for a TONA Fixing Day occurring on or after the TONA Index Cessation Effective Date will be the JPY Recommended Rate, and "r" shall be interpreted accordingly.

Related to TONA Fixing Day

  • Dealing Day means every Business Day from Monday to Saturday of every week. Units will be available for dealing (purchase, redemption, transfer, switching etc) on Dealing Days during Cut-off Time. Provided that the Management Company may with the prior written consent of the Trustee and upon giving not less than seven days notice in two widely circulated English or Urdu newspapers in Pakistan declare any particular Business Day(s) not to be a Dealing Day(s).

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.

  • Quotation Day means, in relation to any period for which an interest rate is to be determined, two (2) Business Days before the first day of that period.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Trading Day means a day on which the principal Trading Market is open for trading.

  • Scheduled Trading Day means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.