Common use of Interest Determination, Screen Rate Determination including Fallback Clause in Contracts

Interest Determination, Screen Rate Determination including Fallback. Provisions (a) Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will be determined in accordance with the Conditions. (b) The Conditions also contain provisions for determining the Rate of Interest in the event that the Relevant Screen Page is not available or the quotation or quotations required by the Conditions are unavailable or following a Benchmark Event.

Interest Determination, Screen Rate Determination including Fallback. Provisions (a) Where Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined, the Rate of Interest for each Interest Period will will, subject as provided below, be determined in accordance with the Conditions.either: (bi) The Conditions also contain provisions for determining the Rate offered quotation; or (ii) the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of Interest in the event that the Relevant Screen Page is not available or the quotation or quotations required by the Conditions are unavailable or following a Benchmark Event.offered quotations,