Zero Coupon Yield definition

Zero Coupon Yield means such rate as would produce an amortised face amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date at such rate, or as otherwise specified in the Additional Conditions.
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Zero Coupon Yield means, in respect of any Class of Notes on any day, the yield of a zero- coupon bond denominated in the currency of such Class, with a start date on such day, a maturity date on the Redemption Date of such Class of Notes or date on which the applicable payment would have been payable (as applicable) and determined on the basis of the swap rate curves for such currency published on specified internal Reuters pages of the Swap Counterparty, provided that if such rates are not published on such pages the Swap Counterparty will determine such rates from such other sources as it, in its absolute discretion, may deem appropriate. For the avoidance of doubt, the swap rate curves used for the purpose of calculating such Zero-Coupon Yield shall be adjusted by a spread corresponding to the "Spread 2" in respect of such Class of Notes set out in the applicable Currency Swap Confirmation.
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Examples of Zero Coupon Yield in a sentence

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS MXN Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS EURO Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS JPY LIBOR & OIS Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS LIBOR Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Estimating a risk free Term Structure of Interest Rates or Zero Coupon Yield Curve from the observed bond prices would involve controlling for the effects of security specific non-interest rate factors that affect bond prices.

  • Implied volatility is taken directly from the Volatility Surface File, the risk-free rate is provided in the Zero Coupon Yield Curve File, and dividends for each day are either given in the Index Dividend Yield File (for index-type securities), or approximated by combining the forward price in the Standardized Options File with the spot rate used for the forward price calculations (in the Security Prices File).

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted are London timeAUD12:00CAD20:00CHF LIBOR &OIS16:30 CZK16:30DKK16:30EURO LIBOR 16:30GBP LIBOR 16:30HKD12:00HUF16:30JPY LIBOR & OIS 12:00NOK16:30NZD12:00PLN16:30SEK16:30SGD12:00USD LIBOR & OIS 20:00ZAR16:30EURO OIS 18:00GBP OIS 18:00 Zero coupon yield curves used for daily marking to market will be published on the Clearing House's member reporting website at intervals during the day as the prices and rates are captured.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD12:00CAD20:00CHF LIBOR & OIS16:15CZK16:15DKK16:15EURO LIBOR 16:15GBP LIBOR 16:15HKD12:00HUF16:15JPY LIBOR & OIS 12:00NOK16:15NKD12:00PLN16:15SEK16:15SGD12:00USD LIBOR & OIS20:00ZAR16:15EURO OIS 18:15 GBP OIS Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • Zero Coupon Yield curves will use prices and rates taken at: All times quoted, are London time.AUD BBSW & OIS 12:00CAD20:00CHF LIBOR & OIS16:15CZK16:15DKK16:15EURO LIBOR & OIS20:00ZAR16:15EURO Zero coupon yield curves used for daily marking to market will be published on the Clearing House's Member Reporting website after the end of each Business Day.

  • The discounting is done using the appropriate interest rate estimated by linear interpolation of the Zero Coupon Yield Curve available from OptionMetrics.

Related to Zero Coupon Yield

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Zero Coupon Obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Reinvestment Yield means, with respect to the Called Principal of any Note, the sum of (x) 0.50% plus (y) the yield to maturity implied by the U.S. Treasury constant maturity yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for the U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.

  • Canada Yield Price means an amount, calculated as at the date that is three Toronto Business Days prior to the Optional Redemption Date, equal to the net present value of all scheduled payments of interest (other than accrued and unpaid interest) and outstanding principal on the Notes to be redeemed from the Optional Redemption Date to the Par Call Period Commencement Date, using as a discount rate the Canada Yield, plus the Redemption Margin (if any);

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Coupon Rate has the meaning set forth in Section 2.8.

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Accrual Yield means the rate specified as such in the applicable Final Terms; and

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Gross Redemption Yield means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by the Financial Adviser.

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

  • Amortisation Yield means the rate per annum (expressed as a percentage) used to calculate the Amortised Nominal Amount of a Zero Coupon Note, in accordance with the provisions of Condition 7.5.1.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Net Yield means, with respect to any Monthly Period, Portfolio Yield with respect to such Monthly Period minus the Base Rate with respect to such Monthly Period.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.