Daily Index Factor definition

Daily Index Factor means, on any given Index Business Day, the amount equal to the closing level of the Index on such Index Business Day divided by the closing level of the Index on the immediately preceding Index Business Day.
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Daily Index Factor means, on any Trading Day, an amount equal to (i) the Index Closing Level on such Trading Day divided by (ii) the Index Closing Level on the immediately preceding Trading Day.
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Daily Index Factor means, on any Index Business Day, an amount equal to (i) the Index Closing Level on such Index Business Day divided by (ii) the Index Closing Level on the immediately preceding Index Business Day. The Daily Index Factor will equal one on any calendar day that is not an Index Business Day.
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Examples of Daily Index Factor in a sentence

  • First, intraday indicative value is based on the most recent Index level published by the index sponsor, which reflects the most recent reported sales prices for the gold futures contracts, ratherCurrent Daily Index Factor = The most recent published level of the Index as reported by the index sponsor / the closing level of the Index on the immediately preceding index business day.


More Definitions of Daily Index Factor

Daily Index Factor means, on any Index Business Day, 1 + (1 - ((a) the Index Closing Level on such Index Business Day divided by (b) the Index Closing Level on the immediately preceding Index Business Day).
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Daily Index Factor means the following:
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Related to Daily Index Factor

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

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.