Funding Charges means, for each day, the sum of (i) discount accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and commercial paper dealers in respect of such Pooled Commercial Paper for such day, plus (iii) issuing and paying agents’ fees incurred on such Pooled Commercial Paper for such day, plus (iv) other costs associated with funding small or odd-lot amounts with respect to all Receivable Purchase Facilities which are funded by Pooled Commercial Paper for such day, minus (v) any accrual of income net of expenses received on such day from investment of collections received under all Receivable Purchase Facilities funded with Pooled Commercial Paper, minus (vi) any payment received on such day net of expenses in respect of Break Funding Costs related to the prepayment of any Purchase Interests held by a Conduit Purchaser pursuant to the terms of any Receivable Purchase Facilities funded substantially with Pooled Commercial Paper.
Funding Charges means, for any day, the product of (i) the per annum rate (inclusive of dealer fees and commissions) paid or payable by Windmill in respect of commercial paper notes on such day that are allocated, in whole or in part, to fund or maintain its Investment for such day, as determined by the Agent and other costs allocated by the Purchaser to fund or maintain its Investment associated with the funding by Windmill of small or odd lot amounts that are not funded with commercial paper notes and (ii) Windmill’s Investment as of the end of such day and (iii) 1/360.
Funding Charges means, for each day, the sum of (i) discount accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and commercial paper dealers in respect of such Pooled Commercial Paper for such day, plus (iii) issuing and paying agents' fees incurred on such Pooled Commercial Paper for such day, plus (iv) other costs associated with funding small or odd-lot amounts with respect to all Receivable Purchase Facilities which are funded by Pooled Commercial Paper for such day, minus (v) any accrual of income net of expenses received on such day from investment of collections received under all Receivable Purchase Facilities funded with Pooled Commercial Paper, minus (vi) any payment received on such day net of expenses in respect of Break Funding Costs related to the prepayment of any Purchase Interests held by Amsterdam pursuant to the terms of any Receivable Purchase Facilities funded substantially with Pooled Commercial Paper.
Examples of Funding Charges in a sentence
Each such Purchase Interest will accrue Funding Charges each day based on the Pooled Allocation.
All computations of interest, fees, Discount and Funding Charges shall be calculated for the actual days elapsed based on a 360 day year.
Please note however, that Funding Charges relating to open Positions may vary with little or no notice as the underlying market rate changes and/or our overall book changes.
The Commissioner has also released a determination relating to the GST implications of trading in CFDs: GST Determination GSTD 2005/3.The Commissioner has stated that the costs incurred in having a CFD Position open, such as commissions (on both opening and closing), dividend and corporate event adjustments, Daily Funding Charges and Margins are all considered financial supplies under the A New Tax System (Goods and Services Tax) Act 1999 (the GST Act).
The Collection Agent shall, in accordance herewith, separately account for all Collections to which a Purchaser is entitled and pay from such Collections all Funding Charges and Discount when due.
More Definitions of Funding Charges
Funding Charges means (i) in respect of each Receivable Interest funded substantially with Pooled Commercial Paper, the Pooled Funding Charges, and (ii) in respect of each Receivable Interest funded substantially with Specially Pooled Paper, the Special Funding Charges.
Funding Charges means, for any day, the product of (i) the per annum rate (inclusive of dealer fees and commissions) paid or payable by Amsterdam in respect of commercial paper notes on such day that are allocated, in whole or in part, to fund or maintain its Investment for such day, as determined by the Agent and other costs reasonably allocated by the Purchaser to fund or maintain its Investment associated with the funding by Amsterdam of small or odd lot amounts that are not funded with commercial paper notes and (ii) Amsterdam’s Investment as of the end of such day and (iii) 1/360.
Funding Charges means the costs payable by Buyer under any Transaction Document to fund the Prepayments made under this Agreement including without limitation, all fees, interest, default interest, amounts attributable to Taxes, increased costs, mandatory costs, breakage costs, transaction expenses, amendment costs, enforcement costs and any other sums payable by Buyer from time to time and at any time under any Transaction Document and any relevant security documents and other documents related thereto;
Funding Charges means, for any day, the product of (i) the per annum rate (inclusive of dealer fees and commissions) paid or payable by the Conduit in respect of commercial paper notes on such day that are allocated, in whole or in part, to fund or maintain its Investment for such day, as determined by the Agent and other costs allocated by the Purchaser to fund or maintain its Investment associated with the funding by the Conduit of small or odd lot amounts that are not funded with commercial paper notes and (ii) the Conduit’s Investment as of the end of such day and (iii) 1/360.
Funding Charges means, for each day, the sum of (i) interest accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and commercial paper dealers in respect of such Pooled Commercial Paper for such day, plus (iii) issuing and paying agents' fees incurred on such Pooled Commercial Paper for such day, plus (iv) other costs associated with funding small or odd-lot amounts with respect to all Receivable Purchase Facilities which are funded by Pooled Commercial Paper for such day, minus (v) any accrual of income net of expenses received on such day from investment of collections received under all Receivable Purchase Facilities funded with Pooled Commercial Paper, minus (vi) any payment received on such day net of expenses in respect of Break Funding Costs related to the prepayment of any Loan Interests held by Windmill pursuant to the terms of any Receivable Purchase Facilities funded substantially with Pooled Commercial Paper.
Funding Charges means, for each day, the sum of (i) interest accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and commercial paper dealers in respect of such Pooled Commercial Paper for such day, plus (iii) issuing and paying agents' fees incurred on such Pooled Commercial Paper for such day, plus (iv) other costs associated with funding small or odd-lot amounts with respect to all Receivable Purchase Facilities which are funded by Pooled Commercial Paper for such day, minus (v) any accrual of income net of expenses received on such day from investment of collections received under all Receivable Purchase Facilities funded with Pooled Commercial Paper, minus (vi) any payment received on such day net of expenses in respect of Break Funding Costs related to the prepayment of any Loan Interests held by Windmill pursuant to the terms of any Receivable Purchase Facilities funded substantially with Pooled Commercial Paper. "Pool Funded Loan Interest" means each investment or loan of Windmill under a Receivables Loan Facility funded with Pooled Commercial Paper. "Pooled Allocation" means, for each Pool Funded Loan Interest, an amount each day equal to the product of (i) the Pooled Percentage Share of such Loan Interest on such day multiplied by (ii) the aggregate amount of Funding Charges for such day.
Funding Charges means, for any Conduit Purchaser for any day, the product of (i) the per annum rate (inclusive of dealer fees and commissions) paid or payable by such Conduit Purchaser in respect of commercial paper notes on such day that are allocated, in whole or in part, to fund or maintain its Investment for such day, as determined by its Purchaser Agent and other interest and costs allocated by or on behalf of such Conduit Purchaser to fund or maintain its Investment associated with the funding by the Conduit of small or odd lot amounts that are not funded with commercial paper notes and (ii) such Conduit Purchaser Investment as of the end of such day and (iii) 1/360.