Calculation Agent

Calculation Agent

A person who calculates the value of a derivative and/or determines who owes what to whom in a swap. The calculation agent is usually a market maker. Sometimes both parties use a single calculation agent for a transaction, but sometimes each party uses a different agent. In this case, the two calculation agents jointly share responsibilities and must work together on the transaction. See also: Clearing Corporation.
References in periodicals archive ?
NYSE: SUNE), the largest global renewable energy development company, today announced that its wholly-owned subsidiary SUNE ML 1, LLC repaid substantially all of the amounts due and owing pursuant to the Margin Loan Agreement it had entered into with Deutsche Bank AG, London Branch, as the administrative agent and the calculation agent, and the other lenders party thereto.
Waterfund, with IBM acting as calculation agent, will work with the Ministry of Water and Environment to calculate the cost of producing water in Uganda.
S&P is awaiting data from risk assessment firm AIR Worldwide and the calculation agent to work out the probability the bonds will be triggered.
BNY Mellon Corporate Trust (NYSE: BK) has said that it has been appointed trustee, paying agent, calculation agent, registrar and transfer agent for its first UK Residential Mortgage Backed Security (RMBS) sponsored by Lloyds Bank Corporate Markets (LSE: LLOY) (NYSE: LYG).
as Index sponsor, and maintained and calculated by Standard & Poor's Financial Services LLC, a subsidiary of the McGraw-Hill Companies (S&P), as index calculation agent.
Until the Company was de-listed, the ACSM would have operated so that deferred coupons were satisfied by the issue of the Company's shares to a calculation agent, who would sell the shares in the market and apply the proceeds of sale for the benefit of the STICS holders.
ICE Futures through its affiliate ICE Data LLP provides the pricing data for the ICE components of the RICI(R) and such data is used subject to license by ICE Futures and ICE Data LLP; but for such license Beeland Interests would not have the right to use such pricing data in providing the Index Values through its Official Global Calculation Agent, CQG, Inc.
CME Group also signed a Memorandum of Understanding with EQECAT, the leading authority on extreme-risk modeling, to be the new calculation agent for the index.
Based on the results of evaluation by each third party calculation agent, HOYA and PENTAX comprehensively considered various factors including; (i) the purchase price under the Tender Offer was 770 yen per share, (ii) there are no special circumstances which might have an adverse material effect on the value of PENTAX after the Tender Offer; and (iii) the protection of minority shareholders and the equality of shareholders.
the Index Calculation Agent, was unable to publish Index closing levels.
WEDCO), an independent wealth advisor, has selectedS&P Dow Jones Indices (S&P DJI) to be the custom calculation agent for two new custom hybrid indices -W.
In its combined role as trustee, 8038-CP calculation agent, and rebate analyst on a Direct Pay Bond issuance, BNY Mellon Corporate Trust will perform the required calculations and will deliver a comprehensive package of reports, statements, schedules and project-related documents, both shortly after issuance and throughout the life of the issue, to help the issuer meet those requirements.