Examples of Reference Instrument in a sentence
It describes the impact that a change in the price of the Reference Instrument has on the relevant Factor Index.
If no Valuation Price for the Reference In- strument is determined or published on a Trading Day, the Index Calculation Agent shall determine the Valuation Price of the Reference Instrument for that day on the basis of the most recent prices set for the Reference Instrument at its due discretion.
The Factor Index therefore reflects a "long" strategy.The Factor Index consists of a leverage component and a financing component.Leverage componentThe leverage component tracks an investment in the Reference Instrument, whereby movements in the price of the Reference Instrument are multiplied by the Leverage (Factor).
In the event of an Extraordinary Adjustment Event occurring in relation to the Reference Instrument, the Index Calculation Agent will adjust the index calculation on the Reference Date (as defined below).
The respective current index level is calculated by the Index Calculation Agent on a continuous basis during the trading period of the Reference Instrument on the Reference Exchange on each Index Calculation Day, rounded to two decimal places and published in accordance with section E).One index point corresponds to one unit of the Index Currency.