Eurocurrency Reserve Percentage

Eurocurrency Reserve Percentage. With respect to each LIBOR Interest Period, the maximum reserve percentage (expressed as a decimal) in effect on the first day of any LIBOR Interest Period, as prescribed by the Board of Governors of the Federal Reserve System (or any successor), for determining reserve requirements applicable to "eurocurrency liabilities" pursuant to Regulation D or any other then applicable regulation of the Board of Governors (or any successor) which prescribes reserve requirements applicable to... "eurocurrency liabilities," as presently defined in Regulation D, or any eurocurrency funding. View More