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 measure of the cumulative impact of CORRA compounding over time administered and published by the CORRA 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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Examples of CORRA Compounded Index in a sentence

  • For more information on how CORRA is calculated, see https://www.bankofcanada.ca/rates/interest-rates/corra/The Bank of Canada also publishes the CORRA Compounded Index, which is a measure of the cumulative impact of CORRA compounding over time, starting from a base value of 100 on June 12, 2020.

  • It will be replaced or revised when CARR publishes its recommendation on CORRA FALLBACK LANGUAGES(ii) Index Cessation Effective Date with respect to CORRA Compounded Index.

  • CORRA Compounded Index: The measure of the cumulative impact of CORRA compounding over time administered and published by the Bank of Canada (or any successor administrator).

  • 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 Daily Compounded CORRA determined by the Calculation Agent using the Daily Compounded CORRA Observation Shift Convention methodology set forth above instead of the One-Month Daily Compounded CORRA methodology.

  • Administrator:The Bank of Canada or any successor administrator for CORRA and/or the CORRA Compounded Index or the administrator (or its successor) of another Applicable Rate, as applicable.

  • The Final Transfer Advice will include the actual interest payable on the CORRA CMB (calculated using the CORRA Compounded Index Convention) and the resulting net swap payment amount.

  • 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.

  • For more information on how CORRA is calculated, see https://www.bankofcanada.ca/rates/interest-rates/corra/ The Bank of Canada also publishes the CORRA Compounded Index, which is a measure of the cumulative impact of CORRA compounding over time, starting from a base value of 100 on June 12, 2020.

  • Administrator: The Bank of Canada or any successor administrator for CORRA and/or the CORRA Compounded Index or the administrator (or its successor) of another Applicable Rate, as applicable.

  • For more information on the CORRA Compounded Index, see https://www.bankofcanada.ca/rates/interest-rates/corra/#index8 See latest version of these documents on CARR’s website at https://www.bankofcanada.ca/markets/canadian- alternative-reference-rate-working-group/ However, on January 11, 2023, CARR provided an update9 on its plans for a new forward-looking “Term CORRA” benchmark to replace CDOR for certain instruments or, when appropriate, for related derivatives.

Related to CORRA Compounded Index

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • SONIA Compounded IndexEnd means the SONIA Compounded Index Value on the date falling “p” London Business Days prior to (i) in respect of an Interest Accrual Period, the Interest Payment Date for such Interest Accrual Period, or (ii) if the Notes become due and payable prior to the end of an Interest Accrual Period, the date on which the Notes become so due and payable; and

  • SONIA Compounded IndexStart means, with respect to an Interest Accrual Period, the SONIA Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the first day of such Interest Accrual Period; and

  • 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 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:

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • SOFR IndexStart means the SOFR Index value on the day which is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period (an "Index Determination Date"); and

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

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

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.