Current Financing Level definition

Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the Financing Level Currency, in accordance with the following formula:
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Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each Trading Day, in accordance with the following formula:
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Current Financing Level means, in respect of the Issue Date, the Initial Financing Level and in respect of any subsequent calendar day, an amount determined by the Issuer equal to:
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Examples of Current Financing Level in a sentence

  • If the Rollover Spread is negative, this will increase the Current Financing Level and the value of the Securities will fall (in the case of "long" Securities) or rise (in the case of "short" Securities).

  • The Calculation Agent shall regularly adjust the Current Financing Level and the Current Stop Loss Level to cover the financing and other costs of the Issuer.

  • If the Rollover Spread is positive, this will reduce the Current Financing Level and the value of the Securities will rise (in the case of "long" Securities) or fall (in the case of "short" Securities).

  • If the Relevant Underlying is a commodity futures contract or a bond futures contract, the Current Financing Level may be adjusted on dates (if any) on which such futures contract is rolled forward, by deducting the Rollover Spread.

  • Once the Rollover has been completed, in respect of Mini Future Securities or Turbo Securities the Current Financing Level shall be adjusted on the basis of the prices for the new future contract.


More Definitions of Current Financing Level

Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each Trading Day, in accordance with the following formula:(c) the Current Financing Level on the immediately preceding Trading Day; plus (d) Funding Cost. The Current Financing Level on the Launch Date is the level specified as such in the definition of the relevant Series in the applicable Final Terms;
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Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the Financing Level Currency, in accordance with the following formula:(c) the Current Financing Level on the previous Reset Date; minus (d) Handling Cost; minus (e) if such determination is to be made on a Rollover Date, the corresponding Rollover Spread.The Current Financing Level on the Launch Date is the level specified as such in the definition of the relevant Series in the applicable Final Terms;
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Current Financing Level means, subject to adjustment in accordance with the General Conditions, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each Reset Date, in accordance with the following formula:
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Current Financing Level means, subject to adjustment in accordance with §4[b][c], an amount (which shall be deemed to be a monetary value in the specified currency of the Underlying) determined by the Calculation Agent, on each day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the specified Currency, in accordance with the following formula:
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Current Financing Level means, unless otherwise specified in the definition of the relevant Series
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Current Financing Level means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, subject to adjustment in accordance with Product Condition 4, an
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Current Financing Level or "CFL" means, in respect of:
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