HOW WE MEASURE. THE CONTRACT'S ACCUMULATION VALUE (continued) ------------------------------------------------------------------------------ - HOW WE DETERMINE THE EXPERIENCE FACTOR For Divisions of a unit investment trust Separate Account the Experience Factor reflects the Investment Experience of the portfolio in which the Division invests as well as the charges assessed against the Division for a Valuation Period. The factor is calculated as follows: (1) We take the net asset value of the portfolio in which the Division invests at the end of the current Valuation Period. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the investment portfolio and reinvested in such portfolio during the current Valuation Period. We subtract from that amount a charge for our taxes, if any. (3) We divide (2) by the net asset value of the portfolio at the end of the preceding Valuation Period. (4) We subtract the daily Mortality and Expense Risk Charge for each Division shown in the Schedule for each day in the Valuation Period. (5) We subtract the daily Asset Based Administrative Charge shown in the Schedule for each day in the Valuation Period. Calculations for Divisions investing in unit investment trusts are on a per unit basis. NET RATE OF RETURN FOR A VARIABLE SEPARATE ACCOUNT DIVISION The Net Rate of Return for a Variable Separate Account Division during a Valuation Period is the Experience Factor for that Valuation Period minus one. INTEREST CREDITED TO A GUARANTEED INTEREST DIVISION Accumulation Value allocated to a Guaranteed Interest Division will be credited with the Guaranteed Interest Rate for the Guarantee Period in effect on the date the premium or reallocation is applied. Once applied, such rate will be guaranteed until the Maturity Date of that Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. No Guaranteed Interest Rate will be less than the Minimum Interest Rate shown in the Schedule.
HOW WE MEASURE some measurements may be peri- odically driven. The period impacts the granularity of the measure: large sampling (e.g. one measure every hour) is more energy-efficient than short sampling but does not give precise information. Clients may need a specific measure precision, and that could be a reason for differentiation among providers: the WSN operator should monitor precisely enough its network performance, to satisfy the client requirements. Other measurements should only be held in specific oc- casions (e.g. when the application layer requests a specific parameter) or depending on previous measurements (e.g. react when a previous value has reached a threshold, or when no change has been seen for long).
