Minimum Repayment definition

Minimum Repayment means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment.

Minimum Repayment means the amount due shown on your statement;

Minimum Repayment. Up until 13/11/2022: means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment. On or after 14/11/2022: means the greater of the following: • £10 (or the total Balance Outstanding if it’s less than £10); or • 2% of the Balance Outstanding on the Account on the Statement Date, plus all interest charged for the previous Monthly Statement Period, plus any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee), plus any Instalment Plan payment due for that month (if applicable)

Examples of Minimum Repayment in a sentence

• Even when the Securities are capital protected at maturity to the extent of the Minimum Repayment Amount and, hence, the risk of a loss is initially limited, the investor bears the risk of the Issuer’s financial situation.

• If an investor acquires the Securities at a price, which is higher than the Minimum Repayment Amount, the prospective investor should be aware that the capital protection only refers to the lower Minimum Repayment Amount.

• The capital protection only applies at the end of the Term of the SecuritiesThe Securities are as at the end of their term capital protected to the extent of the Minimum Repayment Amount, i.e. the investor receives at the end of the term disregarding the actual performance of the Underlyings in any case the Minimum Repayment Amount.

• With the purchase of a (1) Security, the investor acquires the right, under certain conditions and as provided for in the Terms and Conditions of the Securities, to demand from the Issuer the payment of a Redemption Amount in the Settlement Currency depending on the performance of the Underlyings (the “Settlement Amount”) (the “Security Right”).The Redemption Amount is, in any case, equal to the capital protected Minimum Repayment Amount.The Securityholders shall not be entitled to any interim payments.

• Calculated on the basis of the Minimum Repayment Amount (as defined in the Terms and Conditions), which is CHF 0.70 for each Token, the interest rate corresponds to 1.25% p.a. at the first stage, 2.125% p.a. at the second stage and 3% p.a. at the third stage.

• If an investor acquires the Securities after the issue at a price, which is higher than the relevant Minimum Repayment Amount, the prospective investor should be aware that the capital protection only refers to the lower Minimum Repayment Amount.

• With the purchase of a (1) Security, the investor acquires the right, under certain conditions and as provided for in the Terms and Conditions of the Securities, to demand from the Issuer the payment of a Redemption Amount in the Settlement Currency depending on the performance of the Underlying (the “Settlement Amount”) (the “Security Right”).The Redemption Amount is, in any case, equal to the capital protected Minimum Repayment Amount.The Securityholders shall not be entitled to any interim payments.

• The capital protection only applies at the end of the Term of the SecuritiesThe Securities are as at the end of their term capital protected to the extent of the Minimum Repayment Amount, i.e. the investor receives at the end of the term disregarding the actual performance of the Underlying in any case the Minimum Repayment Amount.

• You can pay more than the Minimum Repayment at any time, including paying your entire Balance Outstanding.

• If an investor acquires the Securities after the issue at a price, which is higher than the Minimum Repayment Amount, the prospective investor should be aware that the capital protection only refers to the lower Minimum Repayment Amount.

More Definitions of Minimum Repayment

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter (as applicable);

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter;

Minimum Repayment means the minimum amount to be paid by you, as set out in clause 4 of Part A of this Agreement;

Minimum Repayment means the amount due shown on your

Minimum Repayment means the amount reflected on your monthly statement described in clause 5 of Part B, which will be calculated in accordance with the formulae stipulated in clause 7 of Part A;