Index Valuation Time definition

Index Valuation Time means:(a) for the purposes of determining whether a Market Disruption Event has occurred:(aa) in respect of any Component Security, the Scheduled Closing Time of the relevant Index Component Exchange; and(bb) in respect of any options contracts or futures contracts referencing the Index, the close of trading on the related securities exchange; and(b) in all other circumstances, the time at which the official closing level of the Index is calculated and published by the Index Sponsor. Market Disruption Event: means either:(a) the occurrence or existence, in respect of any Component Security, of:(1) a Trading Disruption in respect of such Component Security, which the Calculation Agent determines is material, at any time during the one hour period that ends at the relevant Index Valuation Time in respect of the Index Component Exchange on which such Component Security is principally traded;(2) an Exchange Disruption in respect of such Component Security, which the Calculation Agent determines is material, at any time during the one hour period that ends at the relevant Index Valuation Time in respect of the Index Component Exchange on which such Component Security is principally traded; or(3) an Early Closure in respect of such Component Security;AND(b) the aggregate of all Component Securities in respect of which a Trading Disruption, an Exchange Disruption or an Early Closure occurs or exists comprises 20 per cent. or more of the level of the Index; OR(ii) the occurrence or existence, in respect of futures or options contracts relating to the Index, of: (a) a Trading Disruption; (b) an Exchange Disruption, which in either case the Calculation Agent determines is material, at any time during the one hour period that ends at the IndexValuation Time in respect of the Index Component

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Index Valuation Time means the Scheduled Closing Time on the Index Valuation Date.

Index Valuation Time means the time at which the official closing level of the Index is calculated and published by the Index Sponsor.“Initial Index Valuation Date” means 17 April 2025.“Final Index Valuation Date” means 17 July 2025. If the Final Index Valuation Date is a Disrupted Day, it will be subject to Modified Postponement, as described below.“Modified Postponement” means that in respect of any Exchange Business Day which is a Disrupted Day, the Final Index Valuation Date, as applicable will be the first succeeding Valid Date. If the first succeeding Valid Date has not occurred before or on the eighth Scheduled Trading Day immediately following the original date, then that eighth Scheduled Trading Day will be deemed to be the Final Index Valuation Date and the Calculation Agent will determine the level of the Index for that Final Index Valuation Date (i.e. that eighth Scheduled Trading Day) in a commercially reasonable manner. For purposes hereof, a “Valid Date” means a Scheduled Trading Day that is not a Disrupted Day and the Index Valuation Date does not or is not deemed to occur.“Exchange Business Day” means a Scheduled Trading Day on which:a) the Index Sponsor actually publishes the closing level of the Index; andb) each Financial Exchange or each Index Component Exchange, as the case may be, is actually open for trading during its regular trading session, notwithstanding the relevant Financial Exchange and/or any relevant Index Component Exchange, as the case may be, closing prior to its Scheduled Closing Time;“Scheduled Trading Day” means any day on which:

Examples of Index Valuation Time in a sentence

In calculating the Closing Levels, the Index Sponsor shall have regard to subsequent corrections to any Closing Price published by the relevant Exchange prior to the Index Valuation Time on the Valid Date for the relevant Index Commodity immediately following the Index Business Day to which the relevant Closing Level relates but not thereafter.
The Closing Level will be published by the Index Sponsor (see paragraph 14 (Publication of Closing Levels and Adjustments) below) as soon as reasonably practicable after the Index Valuation Time (as defined below) on each Index Business Day, subject as provided in paragraph 11 (Force Majeure) below.
The Index Sponsor will publish the ER Closing Level and the intra-day indicative Index level for each Index Business Day as soon as practicable after the Index Valuation Time on Reuters Page DBLCI, Bloomberg under the symbol DBLMCL ‹Index› or any successor thereto and on its website ▇▇▇▇://▇▇-▇▇▇▇▇▇.▇▇.▇▇▇/CommoditiesIndices, or any successor thereto.

More Definitions of Index Valuation Time

Index Valuation Time means the time of the official determination of the closing Index Level by the Index Sponsor on the relevant Index Valuation Date.

Index Valuation Time means 11.00 pm (London time) on each Index Business Day or, if the publication time of any Closing Price is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for the DBLCI.

Index Valuation Time means the close of business in the Specified Index Business Day Centre.

Index Valuation Time means the close of business of the Exchange; and

Index Valuation Time means, in respect of each DBLCI-OY Sub-Index, 11.00 pm (London time) on each Index Business Day or, if the publication time of the Closing Price in respect of the relevant Index Commodity in respect of such DBLCI-OY Sub-Index is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for such DBLCI-OY Sub-Index.

Index Valuation Time means 11.00 pm (London time) on each Index Business Day or, if the publication time of the Closing Price in respect of any Sub-Index for a DB Index Commodity or the publication time of the S&P Excess Return Closing Level in respect of any S&P Commodity, as the case may be, is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for the Index.