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.
References in periodicals archive ?
Monaco says his firm doesn't compete directly with white-label firms like ETF Issuer Solutions or index calculation agents like S&P.
And Monaco stresses that his firm goes to great lengths to flush out the index design through in-depth research ("we become equity analysts," he says) unlike index calculation agents (though, again, Mell emphasized the extent to which S&P involves itself in R&D).
These target benchmark administrators, submitters, calculation agents, publishers and users.
Mizuho Securities") as third party calculation agents to evaluate the Merger Consideration.
In executing the Merger Agreement, HOYA and PENTAX, respectively, requested third party calculation agents, UBS and Mizuho Securities to evaluate the Merger Consideration in order to achieve fairness.
The following are the results of the evaluation by each third party calculation agent.
RBS consulted with the respective index calculation agents prior to making these decisions.
the Index Calculation Agent, was unable to publish Index closing levels.
CIC and JSR each requested its respective independent third party calculation agents to analyze the merger ratio in order to ensure the fairness and appropriateness in the calculation of the merger ratio for the Merger.
As described in items (1) through (3) above, in order to support the fairness of the Merger, CIC retained NCS and GCA as its independent third party calculation agents for the benefit of its unitholders and obtained their analyses, and also obtained an opinion from NCS that the merger ratio is appropriate from a financial viewpoint under certain assumptions.
In order to support the fairness of the Merger, JSR retained ABeam as its independent third party calculation agent for the benefit of its unitholders and obtained its analysis.