Compounded Daily SORA definition

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 Fiscal Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Pricing Supplement), in consultation with the Issuer, 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 per cent.), with 0.00005 per cent. being rounded upwards.

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 Distribution Period, the rate of return of a daily compound interest investment during 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

Examples of Compounded Daily SORA in a sentence

• Floating Rate Notes : Floating Rate Notes which are denominated in Singaporedollars will bear interest to be determined separately for each Series by reference to S$ SIBOR, S$ SWAP RATE or Compounded Daily SORA (or in any other case such other benchmark as may be agreed between the Issuer and the relevant Dealer(s)), as adjusted for any applicable margin.

• For each Floating Rate Note where the Reference Rate is specified as being Compounded Daily SORA, the Rate of Interest for each Interest Period will, subject as provided below, be Compounded Daily SORA (as defined below) plus or minus the Margin.

• If Compounded Daily SORA (“ Compounded Daily SORA”) is specified in the applicable Pricing Supplement, the SORA Benchmark for each Interest Period shall be determined based on Compounded Daily SORA which shall be calculated by the Calculation Agent on the relevant Interest Determination Date in accordance with one of the formulas referenced below depending upon which Observation Method is specified in the applicable Pricing Supplement.

• Only include for Notes which specify the Reference Rate as being "Compounded Daily SORA", "Compounded Daily CORRA" or "Compounded Daily TONA".

• 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.

More Definitions of Compounded Daily SORA

Compounded Daily SORA 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 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 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:d0

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

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

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, 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 or Determination Agent (as applicable) on the Interest Determination Date (a) as further specified in the applicable Final Terms; or (b) in accordance with the followingformula, and the resulting percentage will be rounded, if necessary, to the fourth decimal place, with 0.00005 being rounded upwards: where:

Compounded Daily SORA means, with respect to an Interest Period,

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