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) as calculated by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on the 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 per cent. being rounded upwards: where:
Compounded Daily XXXXX means, in relation to any Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as the reference rate for the calculation of interest) and will be calculated by the Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms), as follows, and the resulting percentage will be rounded (if necessary) to the fifth decimal place, with 0.000005 being rounded upwards: d0 [G (1 + i=1 SONIAi–pLB × ni 365 ) − 1] × 365 𝑑
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
Compounded Daily XXXXX will be calculated in accordance with either the lag observation method (the “Observation Lookback Convention”) or the shift observation method (the “Observation Shift Convention” and each a “Compounded Daily XXXXX Observation Convention”).
The applicable Final Terms or Pricing Supplement will indicate which Compounded Daily XXXXX Observation Convention is applicable.
Overnight Rate - Compounded Daily XXXXX – Non-Index Determination This Condition 4(b)(ii)(B) applies where the applicable Final Terms specifies: (1) "Overnight Rate" to be "Applicable"; (2) "Compounded Daily XXXXX" as the Reference Rate; and (3) "Index Determination" to be "Not Applicable".
The Rate of Interest for an Interest Accrual Period will be Compounded Daily XXXXX with respect to such Interest Accrual Period plus or minus (as indicated in the applicable Final Terms) the applicable Margin (if any), all as determined by the Calculation Agent.
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 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 percent being rounded upwards: Observation Lookback Convention: do i = 1 XXXXXx-xXXX x ni 365 ) -1] x 365 d 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 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 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: d is the number of calendar days from (and including) the day in relation to which XXXXX Xxxxxxxxxx Indexx is determined to (but excluding) the day in relation to which XXXXX Xxxxxxxxxx Indexy is determined; XXXXX Xxxxxxxxxx Indexx means, with respect to an Interest Period, the XXXXX Xxxxxxxxxx Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the first day of such Interest Period; XXXXX Xxxxxxxxxx Indexy means, with respect to an Interest Period, the XXXXX Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the Interest Payment Date for such Interest Period, or such other date as when the relevant payment of interest falls to be due (but which by definition or the operation of the relevant provisions is excluded from such Interest Period);
Compounded Daily XXXXX means, with respect to an Interest Period, the rate of return of a daily compound interest investment during the Interest Period (with the daily Sterling overnight reference rate as the reference rate for the calculation of interest) as calculated by the 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 fourth decimal place, with 0.00005% being rounded upwards): d is (i) where in the applicable Final Terms "Lag" or "Lock-out" is specified as the Observation Method, the number of calendar days in the relevant Interest Accrual Period or (ii) where in the applicable Final Terms "Shift" is specified as the Observation Method, the number of calendar days in the relevant Observation Period;; do is (i) where in the applicable Final Terms "Lag" or "Lock-out" is specified as the Observation Method, the number of London Banking Days in the relevant Interest Accrual Period or (ii) where in the applicable Final Terms "Shift" is specified as the Observation Method, for any Observation Period, the number of London Banking Days in the relevant Observation Period;; i is a series of whole numbers from one to do, each representing the relevant London Banking Day in chronological order from, and including, the first London Banking Day (i) where in the applicable Final Terms "Lag" or "Lock-out" is specified as the Observation Method, the relevant Interest Accrual Period or (ii) where in the applicable Final Terms "Shift" is specified as the Observation Method, the relevant Observation Period; London Banking Day or LBD means any day on which commercial banks are open for general business (including dealing in foreign exchange and foreign currency deposits) in London;
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: