Compounded SARON definition

Compounded SARON means, with respect to an Interest Period, the rate of return of a daily compound SARON interest investment as calculated by the Fiscal 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):
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Compounded SARON means, with respect to an Interest Period, the rate (expressed as a percentage and rounded if necessary to the sixth decimal place, with 0.0000005 being rounded upwards) determined in accordance with the following formula by the Agent or, where the applicable Final Terms specifies a Calculation Agent, the Calculation Agent: where:
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Compounded SARON means, in respect of an Interest Period for a Compounded Rate Loan, the SARON as compounded for the Observation Period, but using weightings according to the number of days in the Interest Period (i.e. using a lookback with a five SIX Business Days lag methodology). It is expressed as a percentage rate per annum determined by the Agent in accordance with the following formula (and the resulting percentage will be rounded, if necessary, to the nearest one ten-thousandth of a percentage point, with 0.00005 being rounded upwards):
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Examples of Compounded SARON in a sentence

  • If the applicable Compounded SARON is less than zero, the applicable Compounded SARON shall be deemed zero.


More Definitions of Compounded SARON

Compounded SARON means, with respect to an Interest Accrual Period, the rate determined by the Calculation Agent in accordance with the following formula:
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Compounded SARON means, with respect to an Interest Accrual Period, the rate determined by the Calculation Agent in accordance with the following formula: 𝑆𝐴𝑅𝑂𝑁 𝐶𝑜𝑚𝑝𝑜𝑢𝑘𝑑𝑒𝑑 𝐼𝑘𝑑𝑒𝑥 𝐸𝑛𝑑 𝑆𝑡𝑎𝑟𝑡 (𝑆𝐴𝑅𝑂𝑁 𝐶𝑜𝑚𝑝𝑜𝑢𝑘𝑑𝑒𝑑 𝐼𝑘𝑑𝑒𝑥 𝐷 – 1) 𝑥 𝑑 and the resulting percentage will be rounded, if necessary, to the sixth decimal place, plus or minus (as indicated in the applicable Final Terms) the Margin and will be calculated by the Calculation Agent on the relevant Interest Determination Date where:
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Related to Compounded SARON

  • Compounded SOFR means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with:

  • Cumulative Compounded RFR Rate means, in relation to a Loan (or any part of it) accruing interest at the Compounded Reference Rate, the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15C (Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Daily Non-Cumulative Compounded RFR Rate means, in relation to any U.S. Government Securities Business Day during a Floating Rate Interest Period for a Loan (or any part of it), the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15B (Daily Non-Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • 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 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.

  • Compounded Daily ▇▇▇▇▇ 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: