USD Swap Rate definition

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. If the Calculation Agent determines that such rate does not appear on the Relevant Screen Page 1 at the Relevant Time 1 on such Relevant Day 1, the USD Swap Rate for that Relevant Day 1 will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately the Relevant Time 1 on that Relevant Day 1, 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 on the day which falls two U.S. Securities Business Days after that Relevant Day 1 and in the relevant 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". The Calculation Agent will request the principal New York City office of each of the Reference Banks to provide a quotation of itsrate. If at least three quotations are provided, the rate for that Relevant Day 1 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 in respect of such Relevant Day 1 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"), 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 rate for that Relevant Day will be a percentage determined on the basis of the mid-market semi-annual swap rate quotations provided by the relevant Reference Banks at approximately 11:00 a.m., New York City time, on that Relevant Day,
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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 theapplicable 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.
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Examples of USD Swap Rate in a sentence

  • The Sub-Fund will seek to provide a return in excess of what would be achieved from holding a rolling 10 year US$ denominated interest rate swap, while maintaining a broadly similar volatility level to that of the 10Y USD Swap Rate.

  • Holdings plc (5-Year USD Swap Rate + 4.37%), 6.38% (a) (j) ..........................

  • Holdings plc: (USD Swap Rate 5 Year + 5.51%), 6.87% (a) (d) .........................

  • After the Availability Period and through the Maturity Date, interest will be calculated on the basis of the USD Swap Rate for ten years, plus a margin of 2.70% per annum.

  • Schreer.Thermal failure analysis by IR lock-in thermography.In: Microelectronics Failure Analysis, Desk Reference Fifth ffdition, Ed. H.

  • EURIBOR, GBP LIBOR, USD LIBOR and other "IBORs" are used as the floating leg in the calculation of the EUR Swap Rate, GBP Swap Rate, USD Swap Rate and other swap rates (collectively, the "Swap Rates", and each a "Swap Rate") and these may be used as CMS Reference Rates, or other Relevant Rates Benchmarks, for the Notes.


More Definitions of USD Swap Rate

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.Subject as set out below, if the Relevant Rate does not appear on the Reuters Screen ICESWAP1 Page at or around such time on such day, the Relevant Rate for the Relevant Day will be determined by the Calculation Agent in good faith and in a commercially reasonable manner.If the Calculation Agent determines that the Relevant Rate has been discontinued or has otherwise ceased to exist, the Calculation Agent shall, in its sole and absolute discretion, select a substitute or successor rate that the Calculation Agent determines is comparable to the Relevant Rate, and shall replace the Relevant Rate with such substitute or successor rate with effect from such date as is determined by the Calculation Agent, in its sole and absolute discretion. The Calculation Agent may make such adjustments that it determines appropriate, if any, to any one or more of the terms of the Notes, including, without limitation, any variable or term relevant to settlement or payment under the Notes, as the Calculation Agent determines appropriate to account for such replacement.
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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 swap rates for USD swap transactions which appear on the Reuters page "ICESWAP", 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.USE OF PROCEEDS The net proceeds of the issue of the Notes, after deduction of the combined management, underwriting and selling commission and the other expenses incurred in connection with the issue of the Notes, will be used by the Issuer for general corporate purposes.DESCRIPTION OF THE ISSUER Credit Europe Bank N.V. was incorporated under the laws of the Netherlands on 24 February 1994, originally as Finansbank (Holland) N.V. A restructuring led to a rebranding into Credit Europe Bank in 2007. Credit Europe Group N.V. (“CEG”) (established on 14 October 1998) holds 100 per cent. of the shares in Credit Europe Bank and is under the full supervision of the Dutch Central Bank (De Nederlandsche Bank N.V., "DNB"). CEG’s shares are ultimately owned, through the investment company FIBA Holding A.S. established in Turkey. Headquartered in the Netherlands, Credit Europe Bank comprises of banking subsidiaries in Russia, Romania, Switzerland, Ukraine and U.A.E. and two leasing subsidiaries in Romania and Ukraine. It has branches in Germany, Malta and Belgium (in the process of closing) and representative offices in China and Turkey. Credit Europe Bank is registered with the Trade Register of the Dutch Chamber of Commerce (Kamer van Koophandel) under number: 33256675. Credit Europe Bank's registered head office and business address is located at Karspeldreef 6A, 1101 CJ Amsterdam, the Netherlands (Tel:+31 20 357 63 00, fax number is: +31 20 35 76 301, website: www.crediteuropebank.com). Credit Europe Bank currently has a Ba2 Bank Deposit rating by Moody's for which the outlook is stable. Credit Europe Bank has a long term issuer default rating of BB- from Fitch Ratings and the outlook is stable. STRATEGY Credit Europe Bank’s business is easy-to-use “plain-vanilla” loan and deposit products for retail and SME-customers and financing services for its corporate clients. Credit Europe Bank’s strategy is to be close to its customers by providing services through a network of 118 branches, 654 ATMs, around 3,600 sales points and 20,454 point of sale terminals in 10 countries. In corporate banking, as a medium-sized bank ...
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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.
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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 by the relevant Reference Banks at approximately the Relevant Time 3 on that Relevant
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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 a charge by the Company for the interest cost and associated costs (positive or negative) incurred in relation to the overnight rollover (s) of an open position;

  • 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 Fixed Rate under the Swap Agreement for such Distribution Date, as set forth in the Prospectus Supplement.

  • 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 Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified 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 (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, 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 U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Swap Receipt Amount Swap Termination Payment"

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • 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;

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.