Range Accrual Factor definition

Range Accrual Factor means in respect of an Interest Period, an amount calculated by the Calculation Agent in accordance with the following formula:
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Range Accrual Factor has the meaning given to it in Condition 7 (Range Accrual Note Provisions);
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Examples of Range Accrual Factor in a sentence

  • Fixed Interest Periods and Interest Payment DatesEach Fixed Rate Note bears interest from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest, subject to the application of the Range Accrual Factor, if applicable.

  • En estos casos no es necesario completar el inciso b), ii), anterior.Además, deberán globalizarse en una sola línea todas las ventas realizadas por montos de veinticinco quetzales (Q.

  • Each Security bears interest during each Relevant Interest Calculation Period at the rate(s) per annum equal to the Decompounded Rate of Interest applicable for that Relevant Interest Calculation Period, as determined below, subject to the application of the Range Accrual Factor, if applicable.

  • Indeed, it is entirely unclear why the CC has chosen to compute “local area characteristics variables” at the NUTS3 level.

  • Range Accrual: If "Range Accrual" is specified as applicable in the relevant Final Terms in respect of any Notes to which Fixed Rate Note provisions, Floating Rate Note provisions, Reverse Floating Rate Note provisions, Digital Interest Rate Note provisions or Steepener Note provisions apply, the amount of interest payable in respect of a Relevant Interest Period to which such interest provisions apply will be multiplied by the applicable Range Accrual Factor.

  • The Calculation Agent calculates the Interest Amount as follows: Interest Amount = Rate of Interest (2%) x Calculation Amount (EUR 1,000) x Day Count Fraction (214/360) x Range Accrual Factor (0.7476635) = EUR 8.89 (rounded to two decimal places, with 0.005 rounded upwards).

  • Finally, the Calculation Agent calculates the Interest Amount as follows:Interest Amount = Rate of Interest (5%) × Calculation Amount (EUR 1,000)× Day Count Fraction (365/365) x Range Accrual Factor (0.4383561)= EUR 21.92 (rounded to two decimal places, with 0.005 rounded upwards).For a worked example of how a Rate of Interest is determined in respect of a Floating Rate Note, please see the section " Floating Rate Notes" above.

  • Worked examples of the application of the Range Accrual Factor to Floating Rate NotesThe hypothetical scenario:For the purposes of this example, it is assumed that the Final Terms specify the following in relation to Floating Rate Notes:The Notes are issued on 20 August 2017.

  • First, the Calculation Agent calculates the Range Accrual Factor that applies to the Relevant Interest Period ending on such Interest Payment Date (say, 15 January 2018).

  • The Notes bear interest from (and including) the Interest Commencement Date at the Rate of Interest, subject, if applicable, to the application of the Range Accrual Factor if the Range Accrual Note Provisions are specified in the relevant Final Terms or, in the case of Exempt Notes, the relevant Pricing Supplement as being applicable, payable in arrear on each Interest Payment Date, subject as provided in Condition 10 (Payments).

Related to Range Accrual Factor

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Pool Factor Means, as of any Distribution Date, the quotient (rounded to the seventh decimal place) computed by dividing (i) the Pool Balance by (ii) the original aggregate face amount of the Applicable Certificates. The Pool Factor as of any Distribution Date shall be computed after giving effect to any special distribution with respect to unused Deposits, payment of principal of the Equipment Notes or other Trust Property and the distribution thereof to be made on that date.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Note Factor means, for any Payment Date and each Class of Notes, a six-digit decimal equal to the Note Balance of such Class of Notes as of the end of the related Collection Period divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes.

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Loss Factor means the scaling factor determined in accordance with clause 6 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.