Compounded Daily XXXXX means the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Interest Determination Agent as at the 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: where:
Compounded Daily XXXXX means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily XXXXX reference rate as 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 applicable Final Terms) 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 per cent being rounded upwards: do i = 1 XXXXXx-xXXX x ni 365 ) -1] x 365 d where:
Compounded Daily XXXXX 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 daily Sterling overnight reference rate as 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: Where:
Examples of Compounded Daily XXXXX in a sentence
The principal duties of the Interest Determination Agent are to determine Compounded Daily XXXXX and the interest rate for the next Interest Period and the interest amount payable on the next Payment Date.
More Definitions of Compounded Daily XXXXX
Compounded Daily XXXXX as the Reference Rate; and (3) “Index Determination” to be “Applicable”, the Rate of Interest for an Interest Period will, subject to Condition 3(b)(viii) (Benchmark Discontinuation) and as provided below, be the Compounded Daily XXXXX Index Rate with respect to such Interest Period plus or minus (as indicated in the applicable Final Terms) the applicable Margin (if any).
Compounded Daily XXXXX means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) as calculated by the Issuing and Principal Paying Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards): where:
Compounded Daily XXXXX with respect to an Interest Period, will be calculated by the Calculation Agent on each Interest Determination Date 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 XXXXX means, with respect to an Interest Period,
Compounded Daily XXXXX means with respect to an Interest Period, the rate of return of a daily compound interest investment in Sterling (with the daily XXXXX as reference rate for the calculation of interest) and will be calculated as follows:
Compounded Daily XXXXX has the meaning given to that term in Condition 4.2(b)(ii) (Screen Rate Determination for Floating Rate Covered Bonds);
Compounded Daily XXXXX means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) (expressed as a percentage and rounded if necessary to the fourth decimal place, with 0.00005 being rounded upwards) determined by the Agent (or such other Calculation Agent specified in the applicable Final Terms) by reference to the screen rate or index for compounded daily XXXXX rates administered by the administrator of the XXXXX reference rate that is published or displayed on the Relevant Screen Page specified in the applicable Final Terms or, if no such page is so specified or if such page is unavailable at the relevant time, as otherwise published or displayed by such administrator or other information service from time to time on the relevant Interest Determination Date (the “XXXXX Compounded Index”), and in accordance with the following formula: where: