Accrual Feature definition

Accrual Feature means the result of the fraction of which the numerator is the number of days in the relevant Interest Accrual Period on which interest will be deemed to have accrued by reference to the following formula:
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Accrual Feature means the result of the fraction of which the numerator is the number of days in the relevant Interest Accrual Period on which interest will be deemed to have accrued by reference to the circumstances or formula described in the Final Terms and the denominator is the number of days in the relevant Interest Accrual Period, in each case as further described in the Final Terms;
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Accrual Feature shall equal the number of Business Days during the applicable quarterly interest period on which CMS30 is equal to or greater than CMS2 divided by the number of Business Days during such quarterly interest period, provided that CMS30 and CMS2 on the seventh Business Day prior to the end of a quarterly interest period will be deemed to the rate applicable to each of the seven Business Days prior to the end of such quarterly interest period.
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Examples of Accrual Feature in a sentence

  • For calendar days which are not Business Days, the Accrual Feature calculation will use CMS30 and CMS2 from the last fixings immediately preceding such calendar day.

  • During the quarterly interest period beginning on April 5, 2008 and during each quarterly interest period thereafter, interest shall accrue on the Notes at 7.00% per annum multiplied by the Accrual Feature (as defined below).

  • For calendar days which are not Business Days, the Accrual Feature calculation will use CMS30 and CMS10 from the last fixings immediately preceding such calendar day.

  • During the quarterly interest period beginning on April 5, 2008 and during each quarterly interest period thereafter, interest shall accrue on the Notes at a rate per annum on the $1,000 principal amount of this Note equal to 50 multiplied by the greater of: (A) the Accrual Feature (as defined below) and (B) zero.

  • During the quarterly interest period beginning on June 29, 2009 and during each quarterly interest period thereafter, interest shall accrue on the Notes at 9.00% per annum multiplied by the Accrual Feature (as defined below).

  • During the quarterly interest period beginning on November 26, 2008 and during each quarterly interest period thereafter, interest shall accrue on the Notes at 9.00% per annum multiplied by the Accrual Feature (as defined below).

  • During the quarterly interest period beginning on February 25, 2009 and during each quarterly interest period thereafter, interest shall accrue on the Notes at 9.125% per annum multiplied by the Accrual Feature (as defined below).

  • For calendar days which are not Business Days, the Accrual Feature calculation will use 3-month U.S. Dollar LIBOR from the last fixing immediately preceding such calendar day.

  • During each quarterly interest period, interest on this Note shall accrue at 8.125% per annum multiplied by the Accrual Feature.

  • From and including June 30, 2009 to but excluding June 30, 2013, interest on the Notes shall accrue at 8.40% per annum multiplied by the Accrual Feature (as defined below).


More Definitions of Accrual Feature

Accrual Feature shall equal the number of Business Days during the applicable quarterly interest period on which 6-month U.S. Dollar LIBOR (as defined below) is within the Range (as defined below), divided by the number of Business Days during such quarterly interest period, provided that 6-month U.S. Dollar LIBOR on the seventh Business Day prior to the end of a quarterly interest period will be deemed to be the rate applicable to each of the seven Business Days prior to the end of such quarterly interest period. The “Range” is:
Sample 1
Accrual Feature shall equal the number of Business Days during the applicable semi-annual interest period on which CMS5 is greater than CMS2 by 0.15% or more, divided by the number of Business Days during such semi-annual interest period, provided that CMS5 and CMS2 on the seventh Business Day prior to the end of a semi-annual interest period will be deemed to the rate applicable to each of the seven Business Days prior to the end of such semi-annual interest period. “CMS5” equals the 5-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted on Reuters page ISDAFIX1, at 11:00 a.m., New York City time.
Sample 1
Accrual Feature shall equal the number of calendar days during the applicable semi-annual interest period on which CMS5 is greater than CMS2 by 0.15% or more, divided by the number of calendar days during such semi-annual interest period, provided that CMS5 and CMS2 on the seventh Business Day prior to the end of a semi-annual interest period will be deemed to the rate applicable to each of the seven Business Days prior to the end of such semi-annual interest period. For calendar days which are not Business Days, the Accrual Feature calculation will use the CMS5 and CMS2 rates from the last fixing immediately preceding such calendar day. “CMS5” equals the 5-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted on Reuters page ISDAFIX1, at 11:00 a.m., New York City time.
Sample 1
Accrual Feature shall equal the number of calendar days during the applicable semi-annual interest period on which CMS5 (as defined below) is greater than CMS2 (as defined below) by 0.15% or more, divided by the number of calendar days during such semi-annual interest period, provided that CMS5 and CMS2 on the seventh Business Day prior to the end of a semi-annual interest period will be deemed to the rate applicable to each of the seven Business Days prior to the end of such semi-annual interest period. For calendar days which are not Business Days, the Accrual Feature calculation will use the CMS5 and CMS2 rates from the last fixing immediately preceding such calendar day. “CMS5” equals the 5-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted on Reuters page ISDAFIX1, at 11:00 a.m., New York City time.
Sample 1
Accrual Feature shall equal the number of calendar days during the applicable semi-annual interest period on which CMS30 (as defined below) is greater than or equal to CMS10 (as defined below), divided by the number of calendar days during such semi-annual interest period, provided that CMS30 and CMS10 on the seventh scheduled Business Day prior to the end of a semi-annual interest period will be deemed to be the rate applicable to each calendar day from and including such seventh scheduled Business Day to the end of such semi-annual interest period. For calendar days which are not Business Days, the Accrual Feature calculation will use CMS30 and CMS10 from the last fixings immediately preceding such calendar day.
Sample 1

Related to Accrual Feature

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Accrual Yield means the rate specified as such in the applicable Final Terms; and

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Algorithm means a discrete series of steps for Algorithmic Trading, which is implemented using software, hardware or a combination of them.

  • Match means any association football match (or any part or aspect of such a match) taking place at the Ground.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Multiplier means the Multiplier specified in the Table.

  • VFR means the symbol used to designate the visual flight rules;

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Monthly Recurring Charge or “MRC” shall mean the monthly recurring charges for the Service as set out in the Customer Order Form or COF;

  • frequency ride through as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-frequency and over- frequency conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis. The term “voltage ride through” as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-voltage and over-voltage conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis.