Benchmark Index definition

Benchmark Index means the compounded value for the: - €STR rate for Classes denominated in EUR;- Fed Funds rate for Classes denominated in USD;- SONIA rate for Classes denominated in GBP;- SARON rate for Classes denominated in CHF;- TONA rate for Classes denominated in JPY;- STIBOR 1M rate for Classes denominated in SEK;- NIBOR 1M rate for Classes denominated in NOK;- HKD HIBOR 1M rate for Classes denominated in HKD;- Czech Interbank Offered Rate (CZK) 1M rate for Classes denominated in CZK;- LEONIA Plus rate for Classes denominated in BGN;- ROBOR (RON) 1M rate for Classes denominated in RON;- Croatia Zagreb Interbank Offer Rate (ZIBOR) 1M rate for Classes denominated in HRK;- South Africa Johannesburg Interbank Agreed Rate (JIBAR) 1M rate for Classes denominated in ZAR.

Benchmark Index means any tradable or broadly used commercial index or published figure calculated by the application of a formula to the value of one or more underlying assets or prices, including estimated prices, interest rates or other values or surveys, by reference to which the amount payable under a financial instrument is determined, which acts as the standard measure of the performance of the relevant assets or class or group of assets;

Benchmark Index means the compounded value of the: - €STR for Classes denominated in EUR;- Fed Funds for Classes denominated in USD;- SONIA for Classes denominated in GBP;- SARON for Classes denominated in CHF;- TONA for Classes denominated in JPY;- STIBOR 1M for Classes denominated in SEK;- NIBOR 1M for Classes denominated in NOK;- HKD HIBOR 1M compounded rate for Classes denominated in HKD. For the avoidance of doubt, the Benchmark Indices defined above are compounded on each Business Day at the prevailing rate.

Examples of Benchmark Index in a sentence

• Securities lending shall enable the Scheme to earn income in the form of lending fees that may partially offset its expenses and thereby reduce the effect these expenses have on the Scheme’s ability to provide investment returns that correspond generally to the performance of its Benchmark Index.

• The Investment Manager may purchase FDI (as outlined above), for direct investment purposes, to produce a return similar to the return on the Benchmark Index.

• From time to time, securities in the Benchmark Index may be subject to corporate actions.

• Securities included in the Benchmark Index may, from time to time, become unavailable, illiquid or unobtainable at fair value.

• The constituent securities of the Benchmark Index change from time to time (a “rebalancing”).

More Definitions of Benchmark Index

Benchmark Index means an index calculated by equally weighting the FTSE-JSE Beverages Total Return Index (TRI041) and the FTSE-JSE Food Producers Total Return Index (TRI043), or their successors in title;

Benchmark Index means the Index as approved by the Commission and defined in this Offering Document.

Benchmark Index means Solactive Sustainable Global Developed Equity EU Paris-Aligned Index, unhedged as measured in USD.

Benchmark Index means the Bloomberg Euro Aggregate Corporate Total Return Index.

Benchmark Index means the ICE BofAML Euro Broad Market Index, unhedged as measured in EUR.

Benchmark Index means the Russell 2000 Index.

Benchmark Index means the index approved by the Commission and as specified in the Offering Document.