|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the DIS 8-K filed Mar 10, 2005. Interest Determination Date. The interest rate applicable to each Interest
Reset Period commencing on the Interest Reset Date or Dates with respect to
such Interest Reset Period will be the rate determined on the applicable “Interest
Determination Date.” Unless otherwise specified in an applicable Pricing
Supplement, (a) the Interest Determination Date with respect to a
Commercial Paper Rate Note (the “Commercial Paper Interest Determination Date”),
a Federal Funds Rate Note (the “Federal Funds Interest Determination Date”) and
a Prime Rate Note (the “Prime Rate Interest Determination Date”), will be the
Business Day preceding each Interest Reset Date, (b) the Interest
Determination Date with respect to a CD Rate Note (the “CD Interest
Determination Date”), a CMT Rate Note (the “CMT Interest Determination Date”)
and a J.J. Kenny Rate Note (the “J.J. Kenny Interest Determination Date”), will
be the second Business Day preceding each Interest Reset Date, (c) the
Interest Determination Date with respect to a LIBOR Note (the “LIBOR Interest
Determination Date”) will be the second London Business Day preceding each
Interest Reset Date, (d) the Interest Determination Date with respect to a
EURIBOR Note (the “EURIBOR Interest Determination Date”) will be the second
TARGET Business Day preceding each Interest Reset Date, and (e) the
Interest Determination Date with respect to an
12
Eleventh District Cost of Funds Rate Note (the “Eleventh District Cost of Funds Interest Determination Date”) will be the last working day of the month immediately preceding each Interest Reset Date on which the Federal Home Loan Bank of San Francisco publishes the Eleventh District Cost of Funds Index. Unless otherwise specified in an applicable Pricing Supplement, the Interest Determination Date with respect to a Treasury Rate Note (the “Treasury Rate Interest Determination Date”), will be the day in the week in which the Interest Reset Date falls on which day Treasury Bills (as defined below) normally would be auctioned or, if no such auction is held for a particular week, the first Business Day of that week; provided, however, that if, as a result of a legal holiday, an auction is held on the Friday of the week preceding the Interest Reset Date, the related Interest Determination Date shall be such preceding Friday; and provided, further, that if an auction shall fall on any Interest Reset Date, then the Interest Reset Date shall instead be the first Business Day immediately following such auction. Unless otherwise specified in the applicable Pricing Supplement, the Interest Determination Date pertaining to a Note the interest rate of which is determined with reference to two or more Base Rates will be the latest Business Day which is at least two Business Days prior to such Interest Reset Date for such Note on which each Base Rate shall be determinable. Each Base Rate shall be determined and compared on such date, and the applicable interest rate shall take effect on the related Interest Reset Date.
(v) |
| |||||||
