Reference Asset Price means, on any day, the closing level calculated and published by the Price Source as specified in the table under “Reference Portfolio”. If there is no closing level calculated and published on that day, then the Closing Level will be the closing level on the immediately preceding day on which such closing level is calculated and published by the Price Source (except if this occurs on the Issue Date or an Average Valuation Date, in which case the closing level on the immediately following day on which such closing level is calculated and published by the Price Source will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing level or the market disruption event should last for five Business Days, the closing level of the Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

Reference Asset Price means the current price of the Reference Asset. For the avoidance of any doubt, this shall not be the futures contract value but the futures contract value divided by the applicable contract factor (the value of 1.0 future’s point) specified on the Relevant Screen Page referred to in the definition of the relevant Series in the applicable Final Terms and, if no such page reference exists, such other page reference as the Calculation Agent determines. In circumstances where the Calculation Agent determines that no such price can be determined and no Market Disruption Event has occurred and is continuing, the Reference Asset Price shall be an amount determined by the Calculation Agent as its good faith estimate of the price of the Reference Asset on such date having regard to the then prevailing market conditions, the last reported Reference Asset Price and such other factors as the Calculation Agent determines relevant;

Examples of Reference Asset Price in a sentence

The City of Nanaimo’s Sort Toss Roll program has been recognized in two award categories by the Solid Waste Association of North America (SWANA) in their 2018 Excellence Awards.
The following adjustments would be made: Note: The Reference Asset Price might not necessarily move by the same amount as the Dividend Amount, therefore, even though the Strike Price and Stop Loss Level are adjusted, the value of the MINI might not be exactly the same before and after the payment of a Dividend.
MINI Long over ASX stock 1 Reference Asset Price Dividend Amount Strike Price Stop Loss Level Value of the MINI LongPrior to the Ex-Dividend Date $30.00 $1.00 $20.0000 $25.00 $10.00On the Ex-Dividend Date $29.00 Paid $19.0000 $24.00 $10.00Following is an example of how the Strike Price would be adjusted in respect of a Dividend Amount for a MINI Long.
Following is an example of how the same Dividend Amount would apply to a MINI Short: MINI Short over ASX stock 1 Reference Asset Price Dividend Amount Strike Price Stop Loss Level Value of the MINI LongPrior to the ex-Dividend Date $30.00 $1.00 $40.0000 $35.00 $10.00On the Ex-Dividend Date $29.00 Paid $39.0000 $34.00 $10.00 The above examples are for illustrative purposes only.
The failure by the Exchange to announce or publish the Reference Asset Price (or the information necessary for determining such price) or the temporary or permanent discontinuance or unavailability of such price by the Exchange; or (b) Trading Suspension.

More Definitions of Reference Asset Price

Reference Asset Price means, for each Reference Asset, the price at which any purchase or sale transaction in relation to that Reference Asset occurs at any time on the relevant Exchange Business Day on the Relevant Exchange up to

Reference Asset Price means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, (i) in respect of an Index, the current level of such Index,(ii) in respect of a Share or Commodity, the current price of such Share or Commodity, as the case may be, quoted on the Exchange, (iii) in respect of a Fund, the net asset value (“NAV”) of the Fund as quoted by the fund manager and in relation to all of (i), (ii) and (iii), as determined by or on behalf of the Calculation Agent without regard to any subsequently published correction or (if in the determination of the Calculation Agent no such price, level or NAV can be determined and no Market Disruption Event has occurred and is continuing) a price, level or NAV determined by the Calculation Agent as its good faith estimate of the current price, level or NAV of the Reference Asset having regard to the then prevailing market conditions, the last reported trading price or NAV as applicable of (i) in respect of an Index, the Index Shares, and otherwise (ii) the Reference Asset on the Exchange, if applicable, and such other factors as the Calculation Agent determines relevant;

Reference Asset Price means, the closing price or the closing level, as applicable, and reported and/or published by the applicable Price Source as specified in the table under “Reference Portfolio”. If there is no closing price or no closing level, as applicable, reported or published on that day, then the Reference Asset Price will be the closing price or the closing level, as applicable, on the immediately preceding day on which such closing price or closing level is reported or published by the applicable Price Source (except if this occurs on the Issuance Date or the Valuation Date, in which case the closing price or the closing level, as applicable, on the immediately following day on which such closing price or closing level is reported or published by the applicable Price Source will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or closing level or the market disruption event should last for five Business Days, the closing price or closing level of the relevant Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

Reference Asset Price means 99.649935% (cash price of the Reference Assets as of Trade Date, which includes any accrued interest, expressed as a percentage)

Reference Asset Price means, (i) if specified as NAV in the definition of the relevant Series in the applicable Final Terms, the net asset value of the Fund as quoted by the fund manager of the Fund for any Trading Day, and (ii) if specified as Trading Price in the definition of the relevant Series in the applicable Final Terms, the trading price of the Fund as quoted by the fund manager of the Fund for any Trading Day;

Reference Asset Price means, on any day, the closing price of the Reference Asset on the primary exchange on which the Reference Asset is traded, as reported by such exchange, provided that if the primary exchange on which the Reference Asset is traded is not open for trading on that day, if there is no closing price on that day or if there is a market disruption event affecting such Reference Asset on that day, the closing price on the immediately preceding day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, except if this occurs on the Issue Date or the Valuation Date, in which case the closing price on the immediately following day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or the market disruption event should last for five Business Days, the closing price of the Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

Reference Asset Price definition

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