Reference Instrument Price definition

Reference Instrument Price means at any time during the trading period on the Reference Exchange the price of the

Reference Instrument Price means at any time during the trading period on the Reference Exchange the price of theCurrent Reference Instrument on the Reference Exchange, as determined by the Index Calculation Agent. "Reference Exchange" means NYMEX (CME Globex).

Reference Instrument Price means at any time during the Index Calculation Period the price of the Ref- erence Instrument in the international interbank market, as determined by the Index Calculation Agent in its reasonable discretion.

Examples of Reference Instrument Price in a sentence

• This case may occur in particular if the Reference Instrument Price is zero (0) or negative.

• Adjustments of this nature may relate in particular to the replacement of the Reference Instrument by another comparable Reference Instrument on another Reference Exchange and, where relevant, to the designation of a different Reference Exchange and a different Reference Instrument Price or the Reference Instrument Price is zero (0) or negative.The list of Extraordinary Adjustment Events cited in section B) is not exhaustive.

• If at time s on Index Calculation Day T the Reference Instrument Price exceeds the most recent Valuation Price of theReference Instrument by more than 4% (Barrier) , an "Intraday Index Adjustment" takes place, simulating a new day: s = T, i.e. IDXT-1 (new) = IDXsRT-1 (new) = RT-1 (old) x 1.04d = 0A new Valuation Price valid after time s (RT-1 (new)) is calculated by multiplying the previous Valuation Price (RT-1 (old)) by 1.04.The financing component remains unchanged.

• If at time s on Index Calculation Day T the Reference Instrument Price falls below the most recent Valuation Price of theReference Instrument by more than 10% (Barrier) , an "Intraday Index Adjustment" takes place, simulating a new day: s = T, i.e. IDXT-1 (new) = IDXsRT-1 (new) = RT-1 (old) x 0.90d = 0A new Valuation Price valid after time s (RT-1 (new)) is calculated by multiplying the previous Valuation Price (RT-1 (old)) by 0.90.The financing component remains unchanged.

• If at time s on Index Calculation Day T the Reference Instrument Price falls below the most recent Valuation Price of the Current Reference Instrument by more than 6% (Barrier) , an "Intraday Index Adjustment" takes place, simulating a new day:s = T, i.e. IDXT-1 (new) = IDXs RT-1 (new) = RT-1 (old) x 0.94d = 0A new Valuation Price valid after time s (RT-1 (new)) is calculated by multiplying the previous Valuation Price (RT-1 (old)) by 0.94.The financing component remains unchanged.

More Definitions of Reference Instrument Price

Reference Instrument Price means at any time during the trading period on the Reference Exchange the price of the Current Reference Instrument on the Reference Exchange, as determined by the Index Cal- culation Agent.

Reference Instrument Price means at any time during the trading period on the Reference Ex- change the price of the Current Reference Instrument on the Reference Exchange, as deter- mined by the Index Calculation Agent.

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Reference Instrument Price means at any time during the trading period on the Refereuce Ex− chauφe the price of the Curreut Refereuce Iustrumeut on the Refereuce Exchauφe, as deter- mined by the Iudex Calculatiou Aφeut.

Reference Instrument Price means at any time during the trading period on the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ the price of the `ìêêÉåí oÉÑÉêÉåÅÉ fåëíêìãÉåí on the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ, as determined by the fåÇÉñ `~äJ Åìä~íáçå ^ÖÉåíK

Reference Instrument Price means at any time during the Iudex Calculatiou Period the price of the Refereuce Iustrumeut in the international interbank market, as determined by the Iudex Calculatiou Aφeut in its reasonable discretion.

Reference Instrument Price means the price for a Reference Instrument at any relevant time, as determined by Nedbank Capital.