Metal Reference Price definition

Metal Reference Price means, in respect of a Scheduled Valuation Day, the price of the Metal displayed on the Metal Reference Price Source for the Metal Fixing Time on such Scheduled Valuation Day, as determined by the Determination Agent and notified to the Issuer and the Programme Counterparty.
Sample 1Sample 2Sample 3
Metal Reference Price means, in respect of a Metal, the price of the Metal (expressed in USD) published by the Relevant Association in respect of such Relevant Association's official London pricing time for the Metal or, if there is more than one official pricing time for the Metal, the AM price or the PM price, as applicable.
Sample 1Sample 2Sample 3
Metal Reference Price means, in respect of a Metal and any given day and subject to Condition 9 (Successor Metal Reference Price or Metal Reference Price Source and Metal Reference Price Event), the value in USD for that day of the afternoon’s benchmark price known as the “LBMA Gold Price”, which is a benchmark afternoon price per troy ounce of Gold for delivery in London for settlement in two business days (as such term is used in the LBMA market) through a full member of the LBMA authorised to effect such delivery, provided that if on a day (i) the afternoon benchmark price is not scheduled to be published but the morning benchmark price is, the morning benchmark price shall be used and (ii) no morning or afternoon benchmark price is scheduled to be published, the Metal Reference Price for such day shall be deemed to be the benchmark price (whether morningor afternoon but if both are published on a day, then the afternoon benchmark price shall be used) published on the next day on which a price is published for such Metal.
Sample 1Sample 2Sample 3

Examples of Metal Reference Price in a sentence

  • The objective is for the value of the ETC Securities to reflect, at any given time, the price of precious metals at that time (as reflected in the Metal Reference Price), less fees and expenses.

  • The Administrator shall, as soon as reasonably practicable following notification of the occurrence of a Metal Reference Price Event and, in any event, by no later than the final day of any Redemption Disposal Period that had already commenced at the time of such notification, give notice of the Replacement Metal Reference Price determined by it to the Issuer and each Transaction Party.

  • None of the Issuer, the Administrator, the Trustee or any other Transaction Party shall have any duty to monitor, enquire or satisfy itself as to whether a Metal Reference Price Event has occurred.

  • The different forms of relocation and accommodation have different advantages and disadvantages.

  • The price by reference to which the Metal Counterparty liquidates Underlying Metal on behalf of the Issuer (a Metal Reference Price or market spot price) may fluctuate and assuming all other factors remain constant, lower Metal prices during the relevant Redemption Disposal Period will lead to a lower Early Redemption Amount or Final Redemption Amount, as applicable, payable.

  • This is because the bid and offer prices reflect market liquidity and other market conditions at a particular time, whereas the value of the Metal or Baskets comprising the Metal Entitlement per ETC Security is based solely on the Metal Reference Price of the relevant Metal or the level of the relevant Reference Index in respect of Baskets.

  • The “Value per ETC Security” in respect of a Scheduled Valuation Day shall be an amount per ETC Security expressed in the Specified Currency and determined by the Determination Agent as being equal to:(i) the Metal Entitlement per ETC Security in respect of the relevant Scheduled Valuation Day (the Value per ETC Security as of the Issue Date is equal to the Issue Price per ETC Security); multiplied by(ii) the Metal Reference Price in respect of the relevant Scheduled Valuation Day.

  • The table below sets out an alternative illustration where the Metal Reference Price has been assumed to be stable, but otherwise using the same methodology and assumptions as in the above worked examples.

  • Metal Reference Price: In respect of a Scheduled Valuation Day, the price of the Metal displayed on the Metal Reference Price Source corresponding to the Metal Fixing Time on such Scheduled Valuation Day, as determined by the Determination Agent and notified to the Issuer and the Programme Counterparty.

  • Such deemed delay may increase or decrease the amount or value of the Buy-Back Settlement Amount from what it would have been but for such deemed delay, as the Metal Entitlement of the ETC Securities being repurchased and/or the relevant Metal Reference Price (or the level of the relevant Reference Index (and thus the value of the Metal Entitlement) may have decreased.


More Definitions of Metal Reference Price

Metal Reference Price means, in respect of a Scheduled Valuation Day, the price of the Metal [To be specified in Final Terms – [displayed on the Metal Reference Price Source on or about [15:00] [London] time on such Scheduled Valuation Day, as determined by the Determination Agent and notified to the Issuer and the Programme Counterparty][insert if other]].
Sample 1
Metal Reference Price means, in respect of Currency Hedged Certificates only, a price, in the Metal Currency, as determined by the Currency Hedged Certificates Counterparty and notified to the Issuer for a Metal Business Day, being, in respect of Gold, the afternoon's benchmark price known as the "LBMA Gold Price", which is a benchmark afternoon price per troy ounce of Gold for delivery in London for settlement in two business days (as such term is used in the relevant market) through a member of the LBMA authorized to effect such delivery and fixed in respect of the Metal Reference Price Fixing Time, or such other price specified as such in the Final Terms, as displayed on the Metal Reference Price Source on such Business Day, provided that, if there is a Metal Price Source Disruption in respect of the Metal Reference Price for that Metal Business Day, or if there is a Metal Price Inaccuracy in respect of the Metal Reference Price for that Metal Business Day, the Metal Reference Price used for such Metal Business Day shall be determined by the Currency Hedged Certificates Counterparty in good faith and a commercially reasonable manner taking into account such factors as it sees fit (which may include the latest available Metal Reference Price as of a date on which no Metal Price Source Disruption or Metal Price Inaccuracy, as applicable, existed);
Sample 1
Metal Reference Price means, in respect of a Metal and any given day and subject to Condition 9 (Successor Metal Reference Price or Metal Reference Price Source and Metal Reference Price Event), the value in USD for that day of the afternoon’s benchmark price known as the “LBMA Gold Price”, which is a benchmark afternoon price per troy ounce of Gold for delivery in London for
Sample 1
Metal Reference Price means, in respect of any Series of Basket ETC Securities,
Sample 1

Related to Metal Reference Price

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period. No-load Cost:

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Replacement Reference Rate means a reference rate which is:

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;