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

  • Following a Stop Loss Event:(Stop Loss Termination Reference Price - Current Financing Level) x Entitlement, less Expenses (the " Stop Loss Cash Amount"),provided that the Cash Amount shall not be less than zero.

  • 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.

  • PERFORMANCE OF UNDERLYING ASSET OR OTHER VARIABLE, AND OTHER INFORMATION CONCERNING THE UNDERLYING ASSET AND/OR OTHER UNDERLYING The Issuer will use reasonable efforts to publish the Current Financing Level, Current Stop Loss Level on http://www.bmarkets.comIndex Disclaimer: See the Annex hereto 6.

  • PERFORMANCE OF UNDERLYING ASSET OR OTHER VARIABLE, AND OTHER INFORMATION CONCERNING THE UNDERLYING ASSET AND/OR OTHER UNDERLYING The Issuer will use reasonable efforts to publish the Current Financing Level, Current Stop Loss Level on http://www.bmarkets.com 6.

  • 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).

  • 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).

  • 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.

  • 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.

  • Mini Future Securities, Constant Leverage Securities and Turbo Securities enable investors to participate in any gains or falls in the value of the Relevant Underlying by investing only part of the value of the Relevant Underlying with the remaining portion financed by the Issuer (this is represented by the Current Financing Level).

  • FLnew Current Financing Level after the adjustment.FLold Financing Level before the adjustment.Financing Spread ("FS") Will be set between 1% and 25%, as determined by theCalculation Agent.


More Definitions of Current Financing Level

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 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 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 or "CFL" means, in respect of:
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Related to Current Financing Level

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.