Gap Risk Fee definition

Gap Risk Fee means the Gap Risk Fee as specified in § 1 of the Product and Underlying Data.
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Gap Risk Fee means the Gap Risk Fee as specified in § 1 of the Product and Underlying Data.The Gap Risk Fee reflects the costs of providing hedging against sudden price changes of the Underlying. The Calculation Agent will, in the case of not only immaterial changes in the probability of sudden price changes of the Underlying (such as changes in the Underlying, changes in overall market volatility), adjust the Gap Risk Fee to such changed market conditions. The extent of the adjustment is determined by the Calculation Agent acting in accordance with relevant market practice and in good faith based on the extent of the changes in the relevant market conditions. The methodology used to determine the Gap Risk Fee at the First Trade Date may not be subsequently changed to the detriment of the Security Holders. The Gap Risk Fee shall not exceed the Maximum Gap Risk Fee (including). The Issuer will provide notice of such adjustment pursuant to § 6 of the General Conditions.
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Gap Risk Fee means any fee payable by the Issuer to the Counterparty in accordance with the Gap Risk Swap set out in Annex II of this Issue Memorandum.
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Examples of Gap Risk Fee in a sentence

  • The Gap Risk Fee, Index Calculation Fee, the Management Fee, the Quanto Fee and/or the Short Selling Fee may be applied in the calculation of the Ratio.

  • If any Gap Risk Fee is not paid on the IMM Date on which it is due, interest shall accrue on such Gap Risk Fee calculated at a rate equal to (a) in the case of STERLING denominated Notes SONIA, (b) in the case of EUR denominated Notes EONIA and (c) in the case of USD denominated Notes USD-Federal Funds-H.15, on the basis of the Relevant Day Count Fraction.

  • In case of Open End and Open End Leverage Securities, the following fees may be deducted:  The Gap Risk Fee is a fee which compensates the Issuer for its on-going costs incurred in connection with the hedging of price risks for Open End Leverage Securities.

  • Part E GAP RISK FEE AND PRINCIPAL TOP-UP AMOUNT, COUNTERPARTY DOWNGRADE EVENT AND COLLATERAL ACCOUNT 15 Gap Risk Fee and Principal Top-Up Amount15.1 Gap Risk FeeThe Issuer agrees to pay to the Counterparty, with respect to the Notes, a Gap Risk Fee.

  • AuthorizationAuthorization is the process of granting access rights and privileges to a system or file.

  • The Gap Risk Rate and the Placement Fees shall continue to accrue as from the Crash-Out Date and shall continue to be payable on each Fee Payment Date or, as the case may be, Gap Risk Fee Payment Date).

  • Gap Risk Fee Rate means, in respect of a day, the arithmetic average of the Daily Gap Risk Percentage on each day in the period from (but excluding) the Quarterly Fee Accrual Date immediately preceding such day to (and including) such day.

  • A Gap Risk Fee shall be payable by the Issuer and shall be calculated on a Fee Accrual Date of each Fee Payment Period at a rate of 0.05 per cent.

  • In respect of each Notional Reference Portfolio, the Swap Counterparty will receive a Gap Risk Fee (plus any applicable VAT thereon other than UK VAT) of 0.75 per cent.

  • Additional Gap Risk Fee means, in respect of a Repurchase Settlement Date or a Mandatory Redemption Date, an amount determined by the Note Calculation Agent equal to the present value of the Accelerated Gap Risk Fee in respect of such Repurchase Settlement Date or Mandatory Redemption Date (as the case may be) calculated by the Calculation Agent by reference to the Discount Rate prevailing on such Repurchase Settlement Date or Mandatory Redemption Date.


More Definitions of Gap Risk Fee

Gap Risk Fee means the fee payable by the Issuer to the Counterparty in accordance with the Master Agreement as follows:
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Related to Gap Risk Fee

  • Tipping Fee means a fee or support price determined by the local authorities or any state agency authorised by the State government to be paid to the concessionaire or operator of waste processing facility or for disposal of residual solid waste at the landfill ;

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.