Compounded Daily SORA definition

Compounded Daily SORA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the reference rate for the calculation of interest being the daily Singapore Overnight Rate Average) calculated in accordance with the formula set forth below by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Pricing Supplement) on the Interest Determination Date, with the resulting percentage being rounded, if necessary, to the nearest one ten-thousandth of a percentage point (0.0001%), with 0.00005% being rounded upwards. ×365

Compounded Daily SORA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the SORA Observation Period corresponding to such Interest Accrual Period (with the reference rate for the calculation of interest being the daily Singapore Overnight Rate Average) calculated in accordance with the formula set forth below by the Calculation Agent (or such other party responsible for the calculation of the Interest Rate, as specified hereon) on the relevant Interest Determination Date:

Compounded Daily SORA means, with respect to a Floating Interest Period:

Examples of Compounded Daily SORA in a sentence

• It is not intended for grievances, as this is already covered by the College’s existing “Grievance Procedure”.

• For the purposes of calculating Compounded Daily SORA with respect to the final Interest Period ending on the Maturity Date or the redemption date, the level of SORA for each Singapore Business Day in the period from (and including) the Rate Cut-Off Date to (but excluding) the Maturity Date or the relevant redemption date, as applicable, shall be the level of SORA in respect of such Rate Cut-Off Date.

• The Notes will bear a coupon rate of Compounded Daily SORA + 0.65% per annum, payable quarterly in arrear with Compounded Daily SORA calculated using a five business day look-back observation period.

• Because both the snapshot of daily SORA readings and the weights are taken from the same period (the observation period), this approach is compatible with the use of the SORA Index4668 published by the MAS, which may be used then to calculate the relevant Compounded Daily SORA (as defined in this document) for the contract.

• For the avoidance of doubt, the formulation of the calculation of Compounded Daily SORA only compounds SORA in respect of any Singapore Business Day.

More Definitions of Compounded Daily SORA

Compounded Daily SORA means, with respect to a Distribution Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Distribution Period (with the reference rate for the calculation of distribution being the daily Singapore Overnight Rate Average) calculated in accordance with the formula set forth below by the relevant Calculation Agent (or such other party responsible for the calculation of the Rate of Distribution, as specified in the applicable Pricing Supplement) on the Distribution Determination Date, with the resulting percentage being rounded, if necessary, to the nearest one ten-thousandth of a percentage point (0.0001%), with 0.00005% being rounded upwards.

Compounded Daily SORA means, with respect to an Interest Period, the rate of return of a daily compound interest investment during such Interest Period (with the reference rate for the calculation of interest being the daily Singapore Overnight Rate Average) calculated in accordance with the formula set forth below by the Agent Bank on the SORA Interest Determination Date, with theresulting percentage being rounded, if necessary, to the nearest one ten-thousandth of a percentage point (0.0001%), with 0.00005% being rounded upwards:d0

Compounded Daily SORA means, in relation to an Interest Period for a Compounded Rate Loan denominated in SGD, the percentage rate per annum determined by BNPP in accordance with the methodology set out in Schedule 3 (RFR Compounding Calculations) or in any relevant Compounding Methodology Supplement.

Compounded Daily SORA means, with respect to an Interest Period for any Compounded Rate Loan in any Compounded Rate Currency, the percentage rate per annum (rounded to four decimal places) calculated as set out below:

Compounded Daily SORA means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the daily Singapore Overnight Rate Average as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date (a) as further specified in the applicable Final Terms; or (b) in accordance with the following formula, and the resulting percentage will be rounded, if necessary, to the fourth decimal place, with 0.00005 being rounded upwards:

Compounded Daily SORA means, with respect to a Profit Period, the rate of return of a daily compound profit investment in the Observation Period corresponding to such Profit Period (with the reference rate for the calculation of profit being the Daily SORA) calculated in accordance with the formula set forth below by the Bank, with the resulting percentage being rounded, if necessary, to the nearest one ten-thousandth of a percentage point (0.0001%), with 0.00005% being rounded upwards, provided that if no Floor Rate is specified in respect of the Financing, Compounded Daily SORA will be deemed equal to zero whenever the calculation set out below would otherwise produce a negative number: where:

Compounded Daily SORA means, with respect to an Interest Period, the rate of return of a daily compound interest investment