USD 2 Year CMS Rate definition

USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years (the “Original Rate 2” 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 Page2") as of 11:00 a.m., New York City time (the "Relevant Time2") (the "Determination Date2").If the Calculation Agent determines that the rate forU.S. Dollar swaps with a maturity of 2 years does not appear on the Relevant Screen Page2 at the Relevant Time2 on the Determination Date2, the USD 2 Year CMS Rate in respect of such calendar day will be apercentage determined on the basis of the mid- market, semi-annual swap rate quotations provided by the Reference Banks at approximately the Relevant Time2 on the Determination Date2, 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 2-year term commencing on that Determination Date2 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 2 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 2 Year CMS Rate means the USD Swap Rate with a Designated Maturity of two years.
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USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years, expressed as a percentage, which appears on the Reuters Screen ISDAFIX1 Page (or any successor or replacement page to such page) (the "
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Examples of USD 2 Year CMS Rate in a sentence

  • 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 30 Year CMS Rate and USD 2 Year CMS Rate (together, the "Underlyings") may be obtained from Bloomberg as displayed on Bloomberg Pages: "USISDA30 Index" and "USISDA02 Index" respectively.

  • POST-ISSUANCE INFORMATION The Issuer will not provide any post-issuance information with respect to the Note, the USD 30 Year CMS Rate, the USD 2 Year CMS Rate or the USD 3M LIBOR, unless required to do so by applicable law or regulation.

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the USD 30 Year CMS Rate, the USD 2 Year CMS Rate and the USD 3M Libor, as more fully described in sub-paragraph (ii) below.

  • Type of Interest: The interest payable in respect of the Note shall be linked to the USD 30 Year CMS Rate, the USD 2 Year CMS Rate and the USD 3M LIBOR, as more fully described in sub-paragraph (ii) below.

  • Saved Policy STR.2 of the Stratford-on-Avon Local Plan Review 1996-2011 is part of the Development Plan for the district and states that provision will be made for 1,450 dwellings to be completed during the period 2006- 2011, in accordance with the requirements of the Regional Spatial Strategy.

  • 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.

  • The CTP-5 Exam is administered in the spring of each academic year.

  • 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 USD 30 Year CMS Rate or the USD 2 Year CMS Rate, unless required to do so by applicable law or regulation.

  • Type of Interest: The interest payable in respect of the Notes shall be linked to the USD 30 Year CMS Rate and the USD 2 Year CMS Rate, as more fully described in sub- paragraph (ii) below.


More Definitions of USD 2 Year CMS Rate

USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate for
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USD 2 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 2 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 Page2") as of 11:00 a.m., New York City time (the "Relevant Time2") (the "Determination Date2").
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USD 2 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 two years.
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USD 2 Year CMS Rate means, in respect of any Interest Period, the USD Swap Rate with a Designated Maturity of two years for such Interest Period
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USD 2 Year CMS Rate or "USD2YCMS" means the USD CMS Rate with a Designated Maturity of two years.
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USD 2 Year CMS Rate means, in respect of each calendar day during an Interest Period, the rate forU.S. Dollar swaps with a maturity of 2 years (the
Sample 1

Related to USD 2 Year CMS Rate

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

  • 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.