Accumulation Component definition

Accumulation Component means, on any given day, the amount calculated in the following manner: (i) the Accumulation Component on the Inception Date shall equal one; and (ii) on each subsequent Business Day until and including the Final Valuation Date or, in the case of Securities with respect to which the Holder has exercised its right of Early Redemption, the applicable Valuation Date, the Accumulation Component shall equal (x) the Accumulation Component on the immediately preceding Business Day times (y) the sum of one plus the product of the Deposit Rate and the relevant Daycount Fraction.
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Examples of Accumulation Component in a sentence

  • Pre 2008 Division D Accumulation Component This is equal to the Division D MRB as at 30 June 2008 updated in accordance with the Trust Deed to the date of exit (i.e. updated with credited investment returns, as appropriate, but not for post 30 June 2008 contributions).

Related to Accumulation Component

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Dilution Volatility Component means the product (expressed as a percentage) of (i) the difference between (a) the highest three (3)-month rolling average Dilution Ratio over the past 12 months and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.