Examples of Reference Business Day in a sentence
Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable in respect of each Class of Notes is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).
Consequently, any determination date under the Notes (and any related payment date) which relies on there being a benchmark will be suspended until an alternative benchmark (as adjusted by any adjustment spread) has been identified.If an alternative benchmark and adjustment spread are identified, any suspended payments shall be due on the second Reference Business Day following the Cut-off Date.
Consequently, any determination date under the Notes (and any related payment date) which relies on there being a Benchmark will be suspended until an alternative benchmark (as adjusted by any adjustment spread) has been identified.If an alternative benchmark and adjustment spread are identified, any suspended payments shall be due on the second Reference Business Day following the Cut-off Date.
In this Condition 10(d), “business day” means (i) a Reference Business Day and (ii) if the Notes are represented by one or more Definitive Note(s), aday (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in the relevant place of presentation.
Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).
Where any date referred to in these Conditions that is specified to be subject to adjustment in accordance with the Modified Following Business Day Convention would otherwise fall on a day that is not a Reference Business Day, then such date shall be postponed to the next day that is a Reference Business Day unless it would thereby fall into the next calendar month, in which event such date shall be brought forward to the immediately preceding Reference Business Day.
Commodity The Percentage Target Weights (PTW) for each month are calculated using the Contract Units (CU) and the prices of the Reference Contracts on the first Pricing Reference Business Day preceding the start of the Rol Period.
For each commodity i, the Percentage Target Weights of month j (denoted by PTWij) will be calculated according to the following formula: PTWij RCPij CUi RCPij CUi i where RCPij is the price of Reference Contract for commodity i on the first Pricing Reference Business Day preceding the start of the Roll Period of month j and CUi are the Contract Units for commodity i.
According to Section 3.2 of the Methodology, the Pricing Reference Total Dollar Weights (TDW) is calculated on the first Pricing Reference Business Day preceding the start of the Roll Period of month j.
Based on this TDW, the Contract Production Weights for commodity i on month j is calculated according to the formula: CPW TDW PTWijPijij where Pij denotes the price of the contract described in Table 1 for commodity i, on the first Pricing Reference Business Day preceding the start of the Roll Period of month j.