Index Swap definition

Index Swap means a contract which entitles the buyer of the contract to pay one index price (e.g. First of Month Index) and entitles the seller to pay a different index price (e.g. the daily average). The index swap is settled financially via exchange of cash payment at the expiration of the underlying Futures Contract.
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Index Swap means any securities swap transaction in respect of a securities index or a basket of securities indices.
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Examples of Index Swap in a sentence

  • For purposes of the Equity Definitions, an Index Variance Swap Transaction shall constitute an Index Swap Transaction.

  • Borrower shall have received the Covered Loss Index Swap Agreement duly executed and delivered by Renaissance Reinsurance Ltd.

  • The RandH Buyers hereby waive compliance by the Ferro Sellers with the provisions of any so-called "bulk sales" law or similar law requiring creditor notice of any jurisdiction.

  • Lender shall have received the Covered Loss Index Swap Agreement duly executed and delivered by Borrower.

  • The general terms of each Index Dividend Swap Transaction to which this IDS General Terms Confirmation relates are as follows (unless otherwise specified in the relevant Transaction Supplement as defined in the Master Confirmation Agreement), as supplemented by the Transaction Supplement related to such Transaction: For the purposes of the Equity Definitions, an Index Dividend Swap Transaction to which this IDS General Terms Confirmation applies constitutes an Index Swap Transaction.

Related to Index Swap

  • Index A means the index for the year prior to the

  • Index B means the index for the year prior to index A.

  • Index Linked with respect to an amount at any time, means that the amount is adjusted as at each April 1st commencing April 1, 2015 by:

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either:

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.