Underlying Reference Rate definition

Underlying Reference RateΒ means the rate specified as such in the applicable Final Terms;
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Underlying Reference RateΒ means the rate determined in accordance with paragraph 42(q);
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Underlying Reference RateΒ means the Underlying ISDA Rate as set out in sub-paragraph 35(d) below.
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Examples of Underlying Reference Rate in a sentence

  • At each calculation point, the index value is calculated based on the most recent value from the Underlying Reference Rate.

  • Underlying Reference Rate The underlying reference rate is a specific interest rate that determines the floating interest rate portion of the IRS contract.

  • Where: 𝑳𝑹𝒕𝑩𝒂𝒔𝒆 𝑹𝒂𝒕𝒆𝒕 = 7𝑴 βˆ— (𝑩𝒂𝒔𝒆 𝑹𝒂𝒕𝒆𝒓𝒔 βˆ’ 𝟏)8 π΅π‘Žπ‘ π‘’ π‘…π‘Žπ‘‘π‘’π‘Ÿπ‘ = Underlying Reference Rate value at the time of triggering of Extraordinary Reset𝑀= Leverage Factor = 1 From the reset point onwards, and until the close of the day, the subsequent return of the leveraged index will be equivalent to subsequent return of the Underlying Reference Rate.

  • The development of the private sector in such a major way is a recent development for Bhutan.

  • Current and historical values of the Underlying Reference Rate are disseminated on the website www.bitadata.com/bita-indexes.

  • The methodology of the Underlying Reference Rate is made available by its administrator on the website www.bitadata.com/bita-indexes.

  • UNDERLYING REFERENCE RATE The Underlying Reference Rate is an index published and disseminated by BITA GmbH.

  • And while it may offer some restrictions, I thinkby and large Bermuda has fared very well so far.

  • The index is calculated and disseminated during the same days as the Underlying Reference Rate.

  • This Methodology Guide shall be read in conjunction with the methodology of the Underlying Reference Rate.

Related to Underlying Reference Rate

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper β€œFormulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae β€œConventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. For the avoidance of doubt, when determining (i) above the SPS Valuation Date shall never refer to the Strike Date.

  • Replacement Reference Rate means a reference rate which is:

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Reference Rate means the rate specified as such hereon.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Underlying Reference means as set out in Β§25(a) below.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.