Template:ISDA Master Agreement 2002 Non-default Rate: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "“'''{{isdaprov|Non-default Rate}}'''” means the rate certified by the {{isdaprov|Non-defaulting Party}} to be a rate offered to the {{isdaprov|Non-defaulting Party}} by a...") |
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Latest revision as of 17:32, 4 October 2017
“Non-default Rate” means the rate certified by the Non-defaulting Party to be a rate offered to the Non-defaulting Party by a major bank in a relevant interbank market for overnight deposits in the applicable currency, such bank to be selected in good faith by the Non-defaulting Party for the purpose of obtaining a representative rate that will reasonably reflect conditions prevailing at the time in that relevant market.