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 ?
REsurety Inc provided risk analytics supporting the Proxy Revenue Swap transaction and will serve as the calculation agent on an ongoing basis.
This notice of redemption is irrevocable and is given to the calculation agent and holders of the capital securities in accordance with the terms and conditions of the capital securities.
REsurety provided the risk analytics supporting the PRS transaction and will serve as the calculation agent on an ongoing basis.
Bloomberg is also the calculation agent for peso government bond benchmarks administered by The Bankers' Association of Philippines (BAP).
- Issuer and servicer reports dated March 2018 and provided by Zenith as calculation agent.
Dubai: The UAE Central Bank has appointed Thomson Reuters, the official calculation agent and distributor for the UAE Interbank Offer Rate (Eibor), according to Thomson Reuters.
Thomson Reuters, world's leading source of news and information for professional markets, today announced that it was selected as the official calculation agent and distributor for the UAE Interbank Offer Rate (EIBOR).
Summary: It has been selected as the official calculation agent and distributor
Sage Advisory Services launched the Sage ESG Intermediate Credit Index, with Wilshire Associates retained as index consultant and calculation agent.
Security Agent, Intercreditor Agent, Calculation Agent, Conventional Facility Agent
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.