BSBY Rate
BSBY Rate. For any Receivable, a rate per annum equal to BSBY for an applicable tenor, on the day (such day, the "BSBY Rate Determination Day") that is two (2) U.S. Government Securities Business Days prior to the first day for which such rate is accruing for a period matching the period over which such rate will accrue, as such rate is published by the BSBY Administrator; provided, however, that (i) if as of 5:00 p.m. (New York City time) on any BSBY Rate Determination Day any BSBY Rate for the...
View More
All Definitions