USD-Federal Funds-H.15 definition

USD-Federal Funds-H.15 means in respect of any day, the overnight Federal Funds Effective Rate US, referred as "USD-Federal-Funds-H15, expressed as a percentage, which is published on the Reuters Screen RSF.REC.USONFFE=NaE Page in respect of such day; and
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USD-Federal Funds-H.15 means, for any calculation date, the rate set forth in H.15(519) for that calculation day under the caption “EFFECT,” as such rate is displayed on the Reuters Screen FEDFUNDS1 Page. If, by 5:00 p.m., New York City time, on such calculation date, such rate for such calculation date does not appear on the Reuters Screen FEDFUNDS1 Page or is not yet published in H.15(519), the rate for such calculation date will be the rate set forth in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, for that day opposite the caption “Federal funds (effective)”. If, by 5:00 p.m., New York City time, on the day that is one Business Day following the calculation date, such rate for such calculation date does not appear on the Reuters Screen FEDFUNDS1 Page or is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source, the rate for such calculation date will be the rate for the first preceding Business Day for which such rate is set forth in H.15(519) opposite the caption “Federal funds (effective),” as such rate is displayed on the Reuters Screen FEDFUNDS1 Page.”
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USD-Federal Funds-H.15 means that the rate for a Reset Date will be the rate set forth in H.15(519) for that day opposite the caption "Federal funds (effective)", as such rate is displayed on Telerate Page 120. If on the Calculation Date for a Calculation Period such rate for a Reset Date in that Calculation Period does not appear on Telerate Page 120 or is not yet published in H.15(519), the rate for that Reset Date will be the rate set forth in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, for that day opposite the caption "Federal funds (effective)". If on the Calculation Date for a Calculation Period such rate for a Reset Date in that Calculation Period does not appear on the Telerate Page 120 or is not yet published in H.15(519), H.15 Daily Update or another recognized electronic source, the rate for that Reset Date will be determined as if the parties had specified "USD-Federal Funds-Reference Dealers" as the applicable Floating Rate Option.
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Examples of USD-Federal Funds-H.15 in a sentence

  • For all Transactions which are or will be governed by the Master Agreement and for purposes of determining the Default Rate, the Non-default Rate or the Termination Rate, it will be deemed that each party’s cost of funding will be determined daily as equaling USD-Federal Funds-H.15 for such day (as defined in the Definitions).

  • FLOATING RATE OPTION: USD-Federal Funds-H.15 DESIGNATED MATURITY: 1 Day SPREAD: Plus 0.50% FLOATING RATE DAY COUNT FRACTION Actual/360 FLOATING RATE FOR INITIAL CALCULATION PERIOD: To be determined METHOD OF AVERAGING: Weighted COMPOUNDING: Not Applicable.

  • For all Transactions that are or will be governed by the Master Agreement and for purposes of determining the Default Rate, the Non-default Rate or the Termination Rate, it will be deemed that each party's cost of funding will be determined daily as equaling USD-Federal Funds-H.15 for such day (as defined in the Definitions).