Bond Floor means the present value of the Initial Plan Size (adjusted for redemptions, if any, during the Life of the Plan). It can be defined as the minimum value the Plan should have on a given day, to be able to provide Capital Preservation of the Initial Investment Value, if investments are held till completion of initial maturity of the allocation plan. The Bond Floor value shall be calculated using yield of authorized investment(s) from the Capital Preservation Segment of Plan, that potentially yields a return higher than or at least equal to the yield required to provide Capital Preservation to the Unit Holders, subject to Clause 1.12 and Clause 2.2.2 at completion of the initial Maturity of the allocation plan.
Bond Floor means the present value of the Initial allocation plan size (adjusted for redemptions, if any, during the term of the allocation plan and inclusive of any Front-end Load). It can be defined as the minimum value the allocation plan should have on a given day, to be able to provide capital preservation of the Initial Investment Value, if investments are held till completion of the duration of allocation plan. The Bond Floor value shall be calculated using yield of any authorized investment(s) from the Fixed Income/ Money Market Component of the allocation plan, that potentially yields a return higher than or at least equal to the yield required to provide capital preservation to the Unit Holders, subject to clause 2.3.13.1 at completion of the Initial Maturity of allocation plan.
Bond Floor means on any day the amount determined by the Determination Agent in its sole and absolute discretion, using discount rates determined by reference to such factors as it considers appropriate (including without limitation the Euro interest rate swap curve or the Euro interest rate future curve), as being equal to the present value in Euro of the right to receive the Principal Amount on the Scheduled Maturity Date in respect of the Notes outstanding on such day. For the avoidance of doubt, the Determination Agent will act in good faith and in a commercially reasonable manner when determining the Bond Floor for the purpose of calculating the Redemption Amount;
Examples of Bond Floor in a sentence
The Adviser shall use reasonable efforts to manage the Fund such that the Fund Value remains at least equal to the Bond Floor.
The Management Company may use a more conservative yield to determine a Bond Floor that is higher than the one derived after using a yield as specified in the above clause.
The Current Value of the COSI Product shall be determined according to either Method A: Fair Value Method or Method B: Bond Floor Method of these Special Conditions of SIX Swiss Exchange, as defined in the listing prospectus.
The Gap Ratio will change in response to changes in the Dynamic Portfolio Value and to changes in interest rates (which affect the level of the Bond Floor and the value of the Notional Bond Portfolio).
The Cushion represents the Reference Portfolio Value at that time less the Bond Floor (as defined below) at that time.
More Definitions of Bond Floor
Bond Floor means the present value of the Initial Fund Size (adjusted for redemptions, if any, during the Life of the Fund and inclusive of any Front-end Load). It can be defined as the minimum value the Fund should have on a given day, to be able to provide Principal Preservation of the Initial Investment Value, if investments are held till completion of the duration of Fund. The Bond Floor value shall be calculated using yield of any authorized investment(s) from the Principal Preservation Segment of Fund, that potentially yields a return higher than or at least equal to the yield required to provide Principal Preservation to the Unit Holders, subject to Clause 2 and Clause 3.2 at completion of the duration of Fund.
Bond Floor has the meaning provided in Section 3.05(c).
Bond Floor means the present value of the Initial Plan Size (adjusted for redemptions, if any, during the Life of the Plan and inclusive of any Front-end Load). It can be defined as the minimum value the Plan should have on a given day, to be able to provide Principal Preservation of the Initial Investment Value, if investments are held four twenty four months and beyond. The Management Company shall use the actual yield of the fund based on current portfolio to compute the Bond Floor daily.
Bond Floor means, as of any time of determination, an amount equal to the sum of (1) the product of (x) the Guarantee Amount and (y) the offered price (expressed as a percentage of par) of the U.S. Treasury zero coupon bonds that mature most nearly prior to the Guarantee Maturity Date, and (2) the product of (x) the Expense Amount, and (y) the interpolated price (expressed as a percentage of par) derived from the offered prices of the U.S. Treasury zero coupon bonds that mature most nearly prior to and following the date that is equidistant between the date of determination and the Guarantee Maturity Date, rounded to the date nearer to the date of determination in the case of an odd number of days; provided, however, that after the maturity of the U.S. Treasury zero coupon bond that matures most nearly prior to the Guarantee Maturity Date, the applicable percentage of par is 100%.
Bond Floor or "BFt" means the Price of the Bond Assets. For the purposes of determining the Bond Floor, the Calculation Agent shall use the same rates used for the determination of the Price of Bond Assets and a Day Count Fraction of Actual/360 unadjusted;
Bond Floor means an amount in EUR determined by the Index Agent as being the present value of
Bond Floor means, with respect to each Calculation Day, an amount, as determined by the Calculation Agent in its sole discretion, equal to the present value of the Principal Amount due on the Scheduled Maturity Date applying the Discount Rate.