CORRA Compounded Index definition

CORRA Compounded Index means the measure of the cumulative impact of CORRA compounding over time administered and published by the Bank of Canada (or any successor Reference Rate Administrator).
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CORRA Compounded Index means the index known as the CORRA Compounded Index administered by the Bank of Canada (or any successor administrator thereof).
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CORRA Compounded Index means the measure of the cumulative impact of CORRA compounding over time administered and published by the CORRA Reference Rate Administrator.
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Examples of CORRA Compounded Index in a sentence

  • This feedback was reflected in the Bank of Canada’s CORRA Compounded Index.

  • If an Index Cessation Effective Date occurs with respect to CORRA Compounded Index, then the Interest Rate for an Interest Determination Date occurring on or after the Index Cessation Effective Date with respect to CORRA Compounded Index will be the rate determined by the Calculation Agent using the Daily Compounded CORRA Observation Shift Convention methodology set forth above.

  • Accordingly, CARR has no recommendations for these terms.Some key features worth noting in the recommended terms:• The interest rate plus spread has a floor of zero.• Issuers may choose between using the Bank of Canada CORRA-in-arrears calculation methodology or the CORRA Compounded Index (see methodology here).

  • That reduction in the energy in our operation was mainly due to the comparison year.

  • The Bank of Canada has begun publishing a CORRA Compounded Index.

  • For the averages, five decimal places were seen as sufficient.CARR agrees that it would be beneficial to align the CORRA Compounded Index with compounded indexes published in other jurisdictions and will adjust the CORRA Compounded Index to use a base of 100, rather than 1.

  • CORRA Compounded Index not available but no Index Cessation Effective Date with respect to CORRA Compounded Index has occurred or Index Cessation Effective Date with respect to CORRA Compounded Index has occurred.

  • While these two methodologies produce economically identical results (i.e. the interest paid will be identical), the CORRA Compounded Index simplifies the calculation of interest and is preferred.• As illustrated in the figure below, the observation period shift of two days means that the Observation Period (the period of time over which CORRA’s daily values are observed and counted towards the FRN’s interest calculation) begins and ends two days before the Interest Period.

Related to CORRA Compounded Index

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation 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):

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Compounded Daily SONIA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily SONIA 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 interest rate, as specified in the applicable Pricing Supplement) 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:

  • Reference Year shall have the meaning given it in the Summary.