Reference Month definition
Examples of Reference Month in a sentence
Floating Amounts (2) Floating Amount Payer (2):Party BFloating Amounts (2):See Schedule AFloating Amount Payer (2) Payment Dates:See Schedule A, subject to adjustment in accordance with the Modified Following Business Day Convention, with No Adjustment to Period End DatesIndex:GBP - Non-revised Retail Price Index (UKRPI).Index (2) Final:The Index level for the Reference Month that is three months preceding the respective Floating Amount Payer(2) Payment Date.
If the Relevant Level in respect of the Reference Month relating to an Interest Accrual Period is lower than Relevant Level(Initial), the Rate of Interest applicable to the Notes for such Interest Accrual Period will however be a minimum of the Coupon Percentage multiplied by the Floor.
The Rate of Interest applicable to Notes in respect of which “Inflation Protected Coupon” is specified in the relevant Final Terms to be applicable for any Interest Accrual Period is linked to the performance of the Inflation Index, and in particular, whether the Relevant Level in respect of the Reference Month relating to such Interest Accrual Period is higher than Relevant Level(Initial).
The Substitute Index Level determined pursuant to this Condition will be the definitive level for that Reference Month.
Floating Amounts (2) Floating Amount Payer (2):Party B.Floating Amounts (2):See Schedule AFloating Amount Payer (2) Payment Dates:See Schedule A, subject to adjustment in accordance with the Modified Following Business Day Convention, with No Adjustment to Period End Dates.Index (2) Final:The Index level for the Reference Month that is three months preceding the respective Floating Amount Payer(2) Payment Date.