USD 10 Year CMS Rate definition

USD 10 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 10 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX1 Page (or any successor or replacement page to such page) (the "Relevant Screen Page1") as of 11:00 a.m., New York City time (the "Relevant Time1") (the "Determination Date1").If the Calculation Agent determines that the rate forU.S. Dollar swaps with a maturity of 10 years does not appear on the Relevant Screen Page1 at the Relevant Time1 on the Determination Date1, the USD 10 Year CMS Rate in respect of such calendar day will be a percentage determined on the basis of the mid- market, semi-annual swap rate quotations provided by the Reference Banks at approximately the Relevant Time1 on the Determination Date1, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating USD interest rate swap transaction with a 10-year term commencing on that Determination Date1 and in a Representative Amount with an acknowledged dealer of good credit in the swap market, where the floating leg, calculated on an Actual/360 day count basis, is equivalent to USD-LIBOR-BBA with a designated maturity of 3 months. The Calculation Agent will request the principal New York City office of each of the Reference Banks to provide quotations of its rate. If at least three quotations are provided, the rate for the relevant calendar day will be the arithmetic mean of the quotations, 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) provided that, if less than three quotations are provided, the USD 10 Year CMS Rate for such calendar day shall be such rate as is determined by the Calculation Agent in good faith and in a commercially reasonable manner, provided that:
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USD 10 Year CMS Rate means the USD Swap Rate with a Designated Maturity of 10 years.
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USD 10 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 10 years(the "
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Examples of USD 10 Year CMS Rate in a sentence

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the KRW 10 Year CMS Rate and the USD 10 Year CMS Rate, as more fully described in sub- paragraph (ii) below.

  • The value of the investment in the Securities will be affected by changes in the value of the Underlyings POST-ISSUANCE INFORMATION The Issuer will not provide any post-issuance information with respect to the Note, the KRW 10 Year CMS Rate or the USD 10 Year CMS Rate, unless required to do so by applicable law or regulation.

  • Estimated total expenses: EUR 600 as fees for listing and admission totrading on the Global Exchange Market of the Irish Stock Exchange PERFORMANCE OF UNDERLYINGS AND OTHER INFORMATION CONCERNING THE UNDERLYINGS Details of past and future performance and the volatility of KRW 10 Year CMS Rate and USD 10 Year CMS Rate (together, the "Underlyings") may be obtained from Bloomberg as displayed on Bloomberg Pages: “KWSWO10 Curncy” and "USISDA10 Index" respectively.

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the USD 10 Year CMS Rate and the USD 2 Year CMS Rate, as more fully described in sub- paragraph (ii) below.

  • Estimated total expenses: EUR 600 as fees for listing and admission totrading on the Global Exchange Market of the Irish Stock Exchange PERFORMANCE OF UNDERLYINGS AND OTHER INFORMATION CONCERNING THE UNDERLYINGS Details of past and future performance and the volatility of USD 10 Year CMS Rate and USD 2 Year CMS Rate (together, the "Underlyings") may be obtained from Bloomberg as displayed on Bloomberg Pages: "USISDA10 Index" and "USISDA02 Index" respectively.

  • Estimated total expenses: EUR 600 as fees for listing and admission totrading on the Global Exchange Market of the Irish Stock Exchange PERFORMANCE OF UNDERLYINGS AND OTHER INFORMATION CONCERNING THE UNDERLYINGS Details of past and future performance and the volatility of USD 30 Year CMS Rate, USD 5 Year CMS Rate, and USD 10 Year CMS Rate (together, the "Underlyings") may be obtained from Bloomberg as displayed on Bloomberg Pages: "USISDA30 Index", "USISDA5 Index" and “USISDA10 Index”, respectively.

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the USD 30 Year CMS Rate, the USD 5 Year CMS Rate and the USD 10 Year CMS Rate, as more fully described in sub-paragraph (ii) below.

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the USD 30 Year CMS Rate and the USD 10 Year CMS Rate, as more fully described in sub- paragraph (ii) below.

  • Estimated total expenses: EUR 600 as fees for listing and admission totrading on the Global Exchange Market of the Irish Stock Exchange PERFORMANCE OF UNDERLYINGS AND OTHER INFORMATION CONCERNING THE UNDERLYINGS Details of past and future performance and the volatility of USD 30 Year CMS Rate, USD 10 Year CMS Rate and USD 2 Year CMS Rate (together, the "Underlyings") may be obtained from Bloomberg as displayed on Bloomberg Pages: “USISDA30 Index”, "USISDA10 Index" and "USISDA02 Index" respectively.

  • Estimated net proceeds: Not Applicable POST-ISSUANCE INFORMATION The Issuer will not provide any post-issuance information with respect to the Note, the USD 30 Year CMS Rate, or the USD 10 Year CMS Rate, unless required to do so by applicable law or regulation.


More Definitions of USD 10 Year CMS Rate

USD 10 Year CMS Rate means, in respect of any relevant Interest Period, the USD Swap Rate in respect of the first day of such Interest Period, with a Designated Maturity of ten years.
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USD 10 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate for U.S. Dollar swaps with a maturity of 10 years (the “Original Rate 1” or an “Original Rate”), expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page) (the "Relevant Screen Page1") as of 11:00 a.m., New York City time (the "Relevant Time1") on such calendar day (the "Determination Date1").
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USD 10 Year CMS Rate or "USD10YCMS" means the USD CMS Rate with a Designated Maturity of ten years.
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USD 10 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate for
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Related to USD 10 Year CMS Rate

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Adjusted Treasury Rate means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

  • SOFR-Based Rate means SOFR or Term SOFR.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • 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.