Compounded Daily CORRA definition
Compounded Daily CORRA means the rate of return of a daily compounded interest investment (with the daily Canadian Dollar overnight repurchase rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the relevant Interest Determination Date, as follows and the resulting percentage will be rounded, if necessary, to the fourth decimal place, with 0.00005 being rounded upwards:
Compounded Daily CORRA means, for an Observation Period, the rate calculated by the Agent (or such other Calculation Agent specified in the applicable Final Terms) using the following method, with the resulting percentage being rounded, if necessary, to the fifth decimal place, with 0.000005 per cent. being rounded upwards and (-) 0.000005 per cent. being rounded downwards:
Compounded Daily CORRA means, with respect to a Floating Interest Period:
More Definitions of Compounded Daily CORRA
Compounded Daily CORRA means with respect to an Interest Accrual Period:
Compounded Daily CORRA means with respect to an Interest Accrual Period the rate of return of a daily compounded interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Canadian Dollar overnight repurchase rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:
Compounded Daily CORRA means the rate of return of a daily compounded interest investment (with the daily Canadian Dollar overnight repurchase rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the relevant Interest Determination Date, as follows and the resulting
Compounded Daily CORRA means, with respect to an Interest Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Period (with CORRA as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent or other party as specified in the applicable Final Terms on the Interest Determination Date, as follows: