Examples of Rate Index in a sentence
Floating Leg – The payment amount is based on the following: Notional, Payment Frequency, Day Count Convention, Floating Interest Rate Index and Floating Reset Dates.All payments are settled in accordance with the payment frequency of the swap.
For an EDSP Rate of 2.00000% p.a., the Rate Index would be 98.00000 (i.e. 100.00000 - 2.00000).
There is also no assurance that the relevant Alternative Pre-nominated Interest Rate Index will perform in the same way as such Interest Rate Index being replaced.
If no Alternative Pre-nominated Interest Rate Index has been specified in respect of such Index in the relevant Issue Terms, then an Index Adjustment Event will be deemed to occur (see risk factor 5(h)(iii) (Occurrence of Index Adjustment Events in respect of an Interest Rate Index) below).
In the worst case, the Alternative Pre- nominated Interest Rate Index will perform less favourably for the Securityholders thus reducing the amount(s) payable to Securitholders under the Securities.