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Calculation Agent

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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.


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NEW YORK, March 31 /PRNewswire-FirstCall/ -- BNY Mellon Corporate Trust has been appointed paying agent and calculation agent for the County of Kauai's $120 million issuance of Build America Bonds and Recovery Zone Economic Development Bonds.
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.
 
 
 
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