Interest Declaration Date definition

Interest Declaration Date means, the date on which an Interest Notification is published pursuant to Condition 20.3 and which, unless otherwise specified in the Final Terms, shall be at least five Clearing System Business Days prior to the related Interest Payment Date.
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Examples of Interest Declaration Date in a sentence

  • Delayed Payment Interest Rate refers to the interest rate (net of Account Administration Fees of 1.25% per annum) declared on the Interest Declaration Date by the Company as set out under clause 3.3.4. Interest Declaration Date refers to the 15th day of February of every English calendar year (or on the next official working day in case the Interest Declaration Date falls on a public holiday) wherein a Guaranteed Interest Rate and Delayed Payment Interest Rate is declared.

  • Guaranteed Interest Rate refers to the interest rate (net of Account Administration Fees of 1.25% per annum) declared on the Interest Declaration Date and is applicable on the Policyholder’s Account Value as described in clause 3.3.1. Loyalty Interest refers to the one time interest rate of 1.5% per annum credited to the Policyholder’s Account Value at the end of the First Policy Year on the date of receipt of the second year’s Premium within the Grace Period.

Related to Interest Declaration Date

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;