Common use of Calculation Formula Clause in Contracts

Calculation Formula. We use a formula (the “Formula”) to establish the yield you earn on amounts deposited in the Program (whether held as deposits at Program Banks or by us as free credits), based on a rate based on the net interest rate paid by the Program Banks , the “Net Interest Rate”. As the Net Interest Rate exceeds the sum of

Calculation Formula. We use a formula (the “Formula”) to establish the yield you earn on amounts deposited in the Program (whether held as deposits at Program Banks or by us as free credits), based on a rate based on the net interest rate paid by the Program Banks Banks, the “Net Interest Rate”. As For all cash under the Net Interest Rate exceeds Program, regardless of how high interest rates become, whether paid by the sum ofProgram Banks or collected by us from customers who have margin debits, we receive a portion of the interest

Calculation Formula. We use a formula (the “Formula”) to establish the yield you earn on amounts deposited in the Program (whether held as deposits at Program Banks or by us as free credits), based on a rate based on the net interest rate paid by the Program Banks , the “Net Interest Rate”. As For all cash under the Net Interest Rate exceeds Program, regardless of how high interest rates become, we receive a portion of the sum ofinterest for providing the Program. Put another way, we earn, as our fee for operating the Program, the balance of what is paid by the Banks to us that is not paid to you. The “net interest rate paid