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

  • 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

  • Daily Compounded XXXXX means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate (which will include compounding in arrears with a lookback) being established by the Administrative Agent in accordance with the methodology and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded XXXXX for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may (in consultation with the Borrower) establish another convention in its reasonable discretion; and provided that if the administrator has not provided or published XXXXX and a Benchmark Replacement Date with respect to XXXXX has not occurred, then, in respect of any day for which XXXXX is required, references to XXXXX will be deemed to be references to the last provided or published XXXXX. Any change in Daily Compounded SOFR due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrower.

  • 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:

  • 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:

  • 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.

  • Five-Year Treasury Rate means, as of any Reset Interest Determination Date, the average of the yields on actively traded U.S. Treasury securities adjusted to constant maturity, for five-year maturities, for the most recent five Business Days appearing under the caption “Treasury Constant Maturities” in the Most Recent H.15. If the Five-year Treasury Rate cannot be determined pursuant to the preceding sentence, the Calculation Agent, after consulting such sources as it deems comparable to any of the foregoing calculations, or any such source as it deems reasonable from which to estimate the Five-year Treasury Rate, will determine the Five-year Treasury Rate in its sole discretion, provided that if the Calculation Agent determines there is an industry-accepted successor Five-year Treasury Rate, then the Calculation Agent will use such successor rate. If the Calculation Agent has determined a substitute or successor base rate in accordance with the foregoing, the Calculation Agent in its sole discretion may determine the Business Day convention, the definition of Business Day and the Reset Interest Determination Date to be used and any other relevant methodology for calculating such substitute or successor base rate, including any adjustment factor needed to make such substitute or successor base rate comparable to the Five-year Treasury Rate, in a manner that is consistent with industry-accepted practices for such substitute or successor base rate.