Calculation Agent definition: Copy, customize and use instantly
Introduction
The term "Calculation Agent" refers to the entity responsible for determining certain financial calculations, including prices, interest rates, or other metrics, based on specific contractual agreements. It plays a crucial role in ensuring accurate, objective, and transparent financial computations in a contract, especially in financial instruments like derivatives, bonds, and structured products.
Below are various examples of how "Calculation Agent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Calculation Agent" as an independent entity
This definition connects "Calculation Agent" to its role as an independent party, ensuring impartiality in financial calculations.
"Calculation Agent" means a third-party entity appointed to calculate interest rates, prices, or other relevant financial metrics, ensuring impartiality and transparency in the process.
Definition of "Calculation Agent" as a party to an agreement
This definition links "Calculation Agent" to its role as a party within a contractual agreement, responsible for specific calculations.
"Calculation Agent" refers to a party to the agreement designated to make calculations regarding the financial terms, including but not limited to, the price of assets, interest rates, or settlement amounts.
Definition of "Calculation Agent" as an appointed financial institution
This definition ties "Calculation Agent" to a financial institution that performs the calculations on behalf of the parties.
"Calculation Agent" means a financial institution designated in the agreement to determine any required calculations, including market prices, interest rates, or other parameters as agreed upon.
Definition of "Calculation Agent" as a party with discretion
This definition highlights the discretionary powers of the "Calculation Agent" in determining values based on available data.
"Calculation Agent" refers to a designated party with the discretion to determine values, including interest rates and asset prices, based on available market data or methodology specified in the agreement.
Definition of "Calculation Agent" as an intermediary for determination
This definition emphasizes the intermediary role of the "Calculation Agent" between the parties, ensuring clarity and consistency in computations.
"Calculation Agent" means an intermediary appointed to determine, based on the terms of the agreement, key financial calculations such as the final settlement price or coupon rates.
Definition of "Calculation Agent" as an entity ensuring accuracy
This definition ties the role of the "Calculation Agent" to ensuring the accuracy of financial calculations and adjustments.
"Calculation Agent" refers to an appointed entity responsible for accurately calculating and confirming all financial metrics required in the agreement, including any adjustments or modifications.
Definition of "Calculation Agent" as a determiner of settlement price
This definition focuses on the "Calculation Agent"’s role in determining the final settlement price.
"Calculation Agent" means a party designated to determine the final settlement price or value of the underlying asset in the event of a transaction, based on market data or pre-agreed methods.
Definition of "Calculation Agent" as an authority on financial metrics
This definition connects "Calculation Agent" to its authority in providing financial data that influences contract outcomes.
"Calculation Agent" refers to the entity granted the authority to provide definitive financial metrics, including interest rates or prices, impacting the outcomes of the agreement.
Definition of "Calculation Agent" as a role in complex financial transactions
This definition links the "Calculation Agent" to its involvement in complex financial instruments, like derivatives or bonds.
"Calculation Agent" means the designated party responsible for calculating complex financial metrics, including those tied to derivatives, bonds, or other structured products, based on predetermined methodologies.
Definition of "Calculation Agent" as a function of contract enforcement
This definition emphasizes the "Calculation Agent"’s role in ensuring that the terms of the agreement are enforced based on accurate calculations.
"Calculation Agent" refers to an entity whose function is integral to enforcing the terms of the contract by performing necessary calculations to determine obligations, pricing, or settlement amounts.
Definition of "Calculation Agent" as an expert in financial calculations
This definition emphasizes the expertise of the "Calculation Agent" in handling financial computations.
"Calculation Agent" means a designated expert in financial calculations, entrusted with determining precise financial metrics such as interest rates, prices, or other key values.
Definition of "Calculation Agent" as a role in managing adjustments
This definition connects the "Calculation Agent" to managing adjustments based on predefined terms of the contract.
"Calculation Agent" refers to the appointed party responsible for managing and implementing any adjustments or modifications to financial terms, including interest rates or prices, as required by the agreement.
Definition of "Calculation Agent" as an independent third party
This definition links "Calculation Agent" to its role as an independent third party, ensuring fairness and transparency in financial calculations.
"Calculation Agent" means a neutral third party appointed to calculate the values required in the contract, such as prices, interest rates, or adjustments, based on objective data sources.
Definition of "Calculation Agent" as a responsibility for specific terms
This definition connects "Calculation Agent" to its responsibility for particular terms in the agreement.
"Calculation Agent" refers to the entity responsible for determining key terms under the agreement, such as the final price or other financial parameters affecting settlement.
Definition of "Calculation Agent" as a party with specific obligations
This definition ties "Calculation Agent" to its specific obligations within the agreement.
"Calculation Agent" means the designated party whose obligation is to determine, calculate, and verify the necessary financial metrics, including prices, interest rates, or performance measures.
Definition of "Calculation Agent" as a role in bond calculations
This definition focuses on the "Calculation Agent"'s role in bond-related calculations.
"Calculation Agent" refers to the party responsible for calculating all bond-related financial metrics, such as accrued interest, coupon payments, and final settlement amounts.
Definition of "Calculation Agent" as a role in complex financial instruments
This definition links the "Calculation Agent" to its involvement in handling complex financial products like derivatives.
"Calculation Agent" means a designated entity responsible for calculating values tied to complex financial instruments, such as derivatives, options, or swaps, as specified in the agreement.
Definition of "Calculation Agent" as a role in monitoring market conditions
This definition ties the "Calculation Agent"’s responsibilities to market conditions when making calculations.
"Calculation Agent" refers to an entity responsible for monitoring market conditions and determining financial values, including interest rates and asset prices, based on market performance.
Definition of "Calculation Agent" as a designated financial institution
This definition links "Calculation Agent" to its role as a financial institution in charge of financial metrics.
"Calculation Agent" means a financial institution appointed to calculate interest rates, asset prices, or other relevant values as outlined in the contract.
Definition of "Calculation Agent" as an expert in asset pricing
This definition emphasizes the "Calculation Agent"’s expertise in pricing assets.
"Calculation Agent" refers to an expert responsible for determining the fair market value of assets, interest rates, or other financial terms as specified in the agreement.
Definition of "Calculation Agent" as an entity with the final say on prices
This definition connects the "Calculation Agent" to its final authority in determining the value of assets or financial instruments.
"Calculation Agent" means the entity with final authority to determine the prices or other financial metrics required by the agreement, using agreed-upon methods.
Definition of "Calculation Agent" as an entity with discretion over rates
This definition highlights the "Calculation Agent"’s discretion in determining financial rates.
"Calculation Agent" refers to an entity with discretion to determine the applicable interest rates, market prices, or other financial figures based on available data.
Definition of "Calculation Agent" as an entity with obligations to adjust metrics
This definition connects the "Calculation Agent" to its role in adjusting financial metrics.
"Calculation Agent" means the party responsible for making any necessary adjustments to financial metrics, including market rates or prices, based on the terms of the agreement.
Definition of "Calculation Agent" as a role in derivative contracts
This definition links the "Calculation Agent" to its specific role in derivative contracts.
"Calculation Agent" refers to the party responsible for determining the key financial metrics tied to derivative contracts, including strike prices, settlement amounts, and other relevant figures.
Definition of "Calculation Agent" as an independent body for transparency
This definition emphasizes the importance of the "Calculation Agent" being independent for transparency.
"Calculation Agent" means an independent entity responsible for calculating financial terms in a transparent manner, ensuring fairness and consistency in the agreement.
Definition of "Calculation Agent" as a role in calculating redemption prices
This definition connects the "Calculation Agent" to its function of calculating redemption prices for financial instruments.
"Calculation Agent" refers to the entity responsible for calculating the redemption prices of securities, including any premium or adjustments based on market conditions.
Definition of "Calculation Agent" as an entity managing contractual adjustments
This definition highlights the "Calculation Agent"’s role in managing adjustments in the agreement.
"Calculation Agent" means the designated entity responsible for calculating any necessary adjustments to financial terms under the agreement, such as interest rates or asset values.
Definition of "Calculation Agent" as a role in structured finance products
This definition ties the "Calculation Agent" to its role in structured finance products.
"Calculation Agent" refers to the entity appointed to calculate the financial terms of structured finance products, including asset-backed securities, based on predetermined methods.
Definition of "Calculation Agent" as an entity with responsibility for calculating settlement amounts
This definition focuses on the "Calculation Agent"’s responsibility for determining settlement amounts.
"Calculation Agent" means the entity responsible for calculating settlement amounts, including final cash settlements, prices, or other financial metrics, as per the terms of the agreement.
Definition of "Calculation Agent" as a responsible party for value determination
This definition emphasizes the "Calculation Agent"’s responsibility for determining financial values.
"Calculation Agent" refers to the party responsible for determining the values of assets or financial terms based on market data, methodologies, or formulae provided in the contract.
Definition of "Calculation Agent" as a party involved in interest rate calculation
This definition connects the "Calculation Agent" to its role in calculating interest rates.
"Calculation Agent" means the entity responsible for calculating the applicable interest rates based on the terms specified in the agreement, including adjustments or resets.
Definition of "Calculation Agent" as a party that verifies market data
This definition ties the "Calculation Agent" to its role in verifying market data for financial computations.
"Calculation Agent" refers to the entity tasked with verifying market data and making calculations based on that information, ensuring that financial terms are accurately reflected in the agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.