USD Swap Rate definition

USD Swap Rate means, in respect of each calendar day during an Interest Period (the "Relevant Day"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page") as of 11:00 a.m., New York City time (the "Relevant Time") on that Relevant Day. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page at the Relevant Time on such Relevant Day, the USD Swap Rate for that Relevant Day will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided to the Calculation Agent by the New York Reference Banks at approximately the Relevant Time on that Relevant Day, and, for this purpose, the semi- annual swap rate means the arithmetic 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 term equal to the Designated Maturity commencing two (2) U.S. Government Securities following that Relevant Day 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 (ICE Benchmark Administration) Rate with a Designated Maturity of three months. The Calculation Agent will request the principal New York City office of the New York Reference Banks to provide a quotation of its rate. If at least three quotations are provided, the rate for that Relevant 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). If fewer than three quotations are provided, the USD Swap Rate for such Relevant 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 Swap Rate means, in respect of any relevant day (the "Relevant Day 1"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page 1") as of 11:00 a.m., New York City time (the "Relevant Time 1") on that Relevant Day 1.

USD Swap Rate means, in respect of any relevant day (the "Relevant Day 3"), the rate (the "Original Swap Rate") for USD swaps with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page, as determined by the Calculation Agent) (the "Relevant Screen Page 3") as of 11:00 a.m., New York City time (the "Relevant Time 3") on that Relevant Day 3. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page 3 at the Relevant Time 3 on such Relevant Day 3, the USD Swap Rate for that Relevant Day 3 will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided to the Calculation Agent by the relevant Reference Banks (which may include the Calculation Agent and/or its affiliates) at approximately the Relevant Time 3 on that Relevant Day 3, and, for this purpose, the semi-annual swap rate means the arithmetic 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-

More Definitions of USD Swap Rate

USD Swap Rate means the mid-market arithmetic mean, expressed as a percentage and rounded to the nearest 0.001 per cent., of the 5 year bid and offered swap rates for USD swap transactions which appear on the Reuters page "ISDAFIX", or such other page as may replace it on that information service, or on such other equivalent information service as determined by the Calculation Agent.

USD Swap Rate means the fixed rate for interest rate swap in U.S. dollars for a period of the Designated Maturity, which appears on the page ISDAFIX3 under the 11AM FIX column in the Reuters Service on the Interest Determination Date as of 11:00 a.m., (New York time), or such other page, section or other part as may replace it on that information service or such other information service, in each case, as may be nominated by the person providing or sponsoring the information appearing there for the purpose of displaying comparable rates or prices. If no such other page, section or part of the Reuters Service is available or if no such other information service is available, the USD Swap Rate will, notwithstanding Condition 5(c) (Screen Rate Determination for Floating Rate Notes where the Reference Rate is not specified as being Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily SORA), and unless otherwise provided in the applicable Pricing Supplement, be determined by the Calculation Agent in its sole and absolute discretion, subject to Conditions 5(n) (Benchmark Replacement (General)) and/or 14(h) (Redemption following Benchmark Event), as applicable.

USD Swap Rate means, in respect of any relevant day (the “Relevant Day 1”), the rate (the “Original Swap Rate”) for USD swaps with a maturity of the Designated

USD Swap Rate means, in respect of any day in an Interest Period (for the purposes of this definition, the "Relevant Day"), the rate (the "Relevant Rate") for USD swaps with a maturity equal to a particular period (being the "Relevant Designated Maturity"), expressed as a percentage, which appears on the Reuters Screen ICESWAP1 Page (or any successor or replacement page to such page) as of 11:00 a.m., New York City time, on the Relevant Day.

Related to USD Swap Rate

Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either:
Swap Rate means the US-Dollar denominated interbank interest rate swap rates/LIBOR offered rates as shown on Reuters page ICAP and other comparable brokerage pages, adjusted for the chosen interest rate method (annual/semi-annual compounding, etc.).
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:
REMIC Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.
Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);