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 ?
The settlement amount paid to the investors will be denominated in USDs as calculated by the calculation agent by converting the PENs amount due into USDs at the average representative market rate on the applicable rate calculation date.
Sage Advisory Services launched the Sage ESG Intermediate Credit Index, with Wilshire Associates retained as index consultant and calculation agent.
The Index was developed by Cushing Asset Management, LP, as index sponsor, and is calculated, maintained and published by S&P Dow Jones Indices LLC, as index calculation agent.
Security Agent, Intercreditor Agent, Calculation Agent, Conventional Facility Agent
In addition, BNY Mellon will act as calculation agent, common depository and tax administration agent throughout the life of this transaction until final maturity in 2054.
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.
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.
The calculation agent determined this principal reduction on the calculation date of October 9, 2017.