Cumulative Step Up Margin definition

Cumulative Step Up Margin means the amount specified in the applicable Final Terms as being the Cumulative Step Up Margin.

Examples of Cumulative Step Up Margin in a sentence

  • Such notice shall be irrevocable and shall specify the Initial Rate of Interest (in the case of Fixed Rate Notes) or the Initial Margin (in the case of Floating Rate Notes) and the relevant Step Up Margin (or Cumulative Step Up Margin if the applicable Final Terms specifies that a Cumulative Step Up Event is applicable).