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 for
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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 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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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
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Related to USD 2 Year CMS Rate

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • 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.

  • Base CD Rate means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the Assessment Rate.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • 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.

  • 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 such sum by (b) the Aggregate Net Collateral Balance.

  • Compounded Daily XXXXX means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Fiscal Agent or the Calculation Agent, as applicable, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • 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.

  • 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.