Reference Spread definition

Reference Spread means, for any relevant calendar day, an amount equal to the difference between (i) the USD 30-Year CMS Rate for such day, minus (ii) the USD 2-Year CMS Rate for such day, as determined by the Calculation Agent.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Reference Spread means USD CMS 30y minus USD CMS 2y.

Reference Spread means, if applicable, the spread of Rate 1 over Rate 2, to be fixed by the Calculation Agent at the Valuation Time on each day by reference to information published on the Reference Spread Screen Page specified in the definition of the relevant Series in the applicable Final Terms, except that (i) if any day is not a Business Day, the fixing for the immediately preceding Business Day shall be used, (ii) the last fixing of Rate 1 and Rate 2 in each Interest Period will be the fifth Business Day prior to the Interest Payment Date falling at the end of that Interest Period and this fixing will be used for the remaining days of the Interest Period (whether or not they are Business Days) and (iii) if, in the determination of the Calculation Agent, a Market Disruption Event has occurred on any day, then the Reference Spread will be fixed by the Calculation Agent in accordance with Product Condition 4 below;

Examples of Reference Spread in a sentence

This Assignment constitutes the entire agreement, and supercedes all prior agreements, if any, of the parties hereto with respect to the subject matter hereof.
Small movements in the Reference Spread may, therefore, have very large effects on the value of the Notes and the amount of interest to be paid.
If the Reference Spread does not fix at a level satisfying the Range Accrual Condition on any of those days, then N will be zero and no Interest Amounts will be payable for such Interest Period.
The "Reference Spread" (which could be negative) will be the spread of Variable 1 (based on a benchmark Reference Rate) over Variable 2 (which will be a benchmark Reference Rate or otherwise specified to be zero).
Whenever possible, investigators are notified of potential synergies with other nPOD projects by JDRF nPOD Administrative staff, and are requested to coordinate activities across related projects, so that we can best utilize this limited resource and gain scientific value from collaboration and integrated approaches.

More Definitions of Reference Spread

Reference Spread means on any Currency Business Day in an Accrual Period, a percentage equal to the CMS-30 Accrual Rate minus the CMS-10 Accrual Rate.

Reference Spread means Reference Rate2 – Reference Rate1;

Reference Spread means Accrual Rate A minus Accrual Rate B.]

Reference Spread means USD CMS 30y minus USD CMS 2y."USD CMS 30y" means the rate for fixed float interest rate swaps in USD for a period of 30 years which appears on Reuters Page ISDAFIX1 as of 11 am New York time on each calendar day. In case a calendar day is not a Business Day, the relevant rate is the rate displayed on the ISDAFIX1 page on the Business Day immediately prior to such calendar day.

Reference Spread means, if applicable, the spread of Rate 1 over Rate 2, to be fixed by the Calculation Agent at the Valuation Time on each day by reference to information published on the

Reference Spread means, the rate (as determined by the Calculation Agent), being equal to the USD 10 Year CMS Rate Arithmetic Mean for such day minus the USD 2 Year CMS Rate Arithmetic Mean for such day.

Reference Spread means, for any relevant calendar day, an amount equal to the difference between