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 rate determined in accordance with paragraph 47(k);
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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.


More Definitions of Underlying Reference Rate

Underlying Reference RateΒ means the Underlying ISDA Rate as set out in sub-paragraph 35(d) below.
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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.

  • Replacement Reference Rate means a reference rate which is:

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • 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§26(a) above.

  • Underlying Referencek means as set out in Β§26(a) above.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, β€œAlternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • 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 a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing (b) such sum by the Aggregate Net Collateral Balance.

  • Advance Rate has the meaning assigned to such term in Section 5.13.