Relevant Screen Rate definition
Examples of Relevant Screen Rate in a sentence
The Term Advance Rates of Interest for the first Interest Period shall be the aggregate of (a) the Relevant Margin and (b) the Initial Relevant Screen Rate or, if the Initial Relevant Screen Rate is unavailable, the linear interpolation of the arithmetic mean of such offered quotations for two-month sterling deposits and the arithmetic mean of such offered quotations for three-month sterling deposits (rounded upwards, if necessary, to five decimal places).
If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for the relevant Quotation Deposits for the relevant Quotation Period in the relevant Quotation Market as at or about the relevant Quotation Time on such Interest Determination Date.
If the Initial Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotations to leading banks for two-month and three-month sterling deposits of (pound)10,000,000, in the London inter-bank market as at or about 11.00 a.m. (London time) on such Closing Date.
For the purposes hereof, "Alternative Payment Currency", "Relevant Screen Rate" and "Specified Currency Jurisdiction" have the respective meanings given to them in the relevant Pricing Supplement.
If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading banks for three- month Sterling deposits of £10,000,000 in the London inter-bank market as at or about 11.00 am London time on such Interest Determination Date.