Linear Interpolation definition

Linear Interpolation means the straight-line interpolation by reference to two rates based on the Reference Rate or the ISDA Rate, as the case may be, one of which will be determined as if the Specified Duration were the period of time for which rates are available next shorter than the length of the affected Interest Period and the other of which will be determined as if the Specified Duration or the Designated Maturity, as the case may be, were the period of time for which rates are available next longer than the length of such Interest Period.

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Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Issuing and Paying Agent or the Calculation Agent, as applicable, by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA determination is specified as applicable in the applicable Final Terms), one of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Issuing and Paying Agent or the Calculation Agent, as applicable, shall determine such rate at such time and by reference to such sources as it determines appropriate.

Linear Interpolation means a technique for determining an unknown value lying numerically inside the range of a series of values which is in direct linear proportion to another series of known values by comparing the two series, utilizing the equation set forth under the definition of Linear Extrapolation of this Regulation.

Examples of Linear Interpolation in a sentence

If “Linear Interpolation” is specified as applicable then the Calculation Agent will determine, based on Linear Interpolation, the Interest Rate for any specified Interest Calculation Period (or if no Interest Calculation Period is specified, each Interest Calculation Period not equal to the Specified Duration).
Designated Maturity: 1 Month, except with respect to the initial Calculation Period for which the Designated Maturity shall be the Linear Interpolation of the 2 week and the 1 month.
Floating Rate for initial Calculation Period 5.09104 pct (exclusive of Spread where applicable) Floating Rate Option USD-LIBOR-BBA Designated Maturity 3 Months, with the exception of the final Calculation Period which will be a Linear Interpolation Spread None Floating Rate Day Count Fraction Actual/360 Reset Dates The first day of each Calculation Period.
Floating Rate Option: One Month USD-LIBOR-BBA Linear Interpolation: Applicable.
Floating Rate Option: USD-LIBOR-BBA Designated Maturity: One month; provided that, with respect to the first Calculation Period, Linear Interpolation will apply.

More Definitions of Linear Interpolation

Linear Interpolation means the method for determining the interest rate on Floating Rate Notes as specified in Condition 5B.(7);

Linear Interpolation means the straight-line interpolation by reference to two rates based on the relevant ISDA Rate or Screen Rate (as applicable), one of which will be determined as if the Specified Duration were the period of time for which rates are available next shorter than the length of the affected Interest Calculation Period and the other of which will be determined as if the Specified Duration were the period of time for which rates are available next longer than the length of such Interest Calculation Period.

Linear Interpolation means straight line linear interpolation.

Linear Interpolation means, with respect to any Interest Period, the straight-line interpolation by reference to two rates based on the Reference Rate, one of which will be determined as if the Specified Duration were the period of time for which rates are available next shorter than the length of such Interest Period, and the other of which will be determined as if the Specified Duration were the period of time for which rates are available next longer than the length of such Interest Period;

Linear Interpolation is specified as applicable then the Calculation Agent will determine, based on Linear Interpolation, the Interest Rate for any specified Interest Calculation Period (or if no Interest Calculation Period is specified, each Interest Calculation Period not equal to the Specified Duration).

Linear Interpolation is specified as being applicable in respect of an Interest Period in the relevant Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Calculation Agent by straight line interpolation by reference to two rates:

Linear Interpolation. [Not Applicable/Applicable - the Rate of interest for the [long/short] [first/last] Interest Period shall be calculated using Linear Interpolation (specify for each short or long interest period)] Margin(s): [+/-] [ ] per cent. per annum Minimum Rate of Interest: [ ] per cent. per annum

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