Settlement Level definition

Settlement Level means, with respect to an Index and a Valuation Date, the level determined as provided in the relevant Final Terms or, if no such level is so provided (a) the level of the relevant Index as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on the Valuation Date or (b) with respect to a Multiple Exchange Index, the official closing level of the Index on the Valuation Date as calculated and published by the Index Sponsor or (c) if Averaging Dates are specified in the relevant Final Terms in respect of such Valuation Date, the arithmetic average as determined by theCalculation Agent (rounded down to the nearest unit of the relevant currency in which the Index is published, one half of a unit being rounded upwards) of the Reference Level on such Averaging Dates.
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Settlement Level means, and subject as referred to in Automatic Early Expiration Valuation Date, Averaging Date, Knock-in Determination Day, Knock-out Determination Day, Observation Day, or Valuation Day, as the case may be:
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Settlement Level means a settlement area;
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Examples of Settlement Level in a sentence

  • Automatic Early Settlement Event: Single Standard Automatic Early Settlement: If on any Automatic Early Settlement Valuation Date, the MFP AES Value is greater than or equal to the Automatic Early Settlement Level.

  • The “Settlement Value” for each Option will be equal to the greater of (i) zero and (ii) the strike price of such Option minus the Underlying Settlement Level on the relevant Option Expiration Date.

  • Electrical plugs/cords are not visibly damaged and do not cross aisles O yes O no O n/a4.

  • The “Underlying Settlement Level” means, in respect of any Index Calculation Date, the level of the Underlying Index that is used to calculate the official settlement price of an Option as published by the Price Source; provided that if such level is not published or available, then the Underlying Settlement Level will be determined by the Index Administrator.

  • In Italy the National Observatory on the Conditions of Persons with Disabilities, in conjunction with the Interministerial Human Rights Committee assures the implementation of the CRPD.

  • A checklist was developed to facilitate the PRA (Annex - II).H.5 Settlement Level PRA16.

  • Annex 11: Long-term Settlement Level Trends in Biodiversity Indicators 80 Table of Figures Figure 1.

  • If the Weather Index Strike Level in respect of a Calculation Period is equal to or less than the Settlement Level, neither party shall be required to make a payment on the relevant Payment Date.

  • The amounts payable would be calculated as follows: Base Level = 749.57 Settlement Level on the first Observation Date = 974.44 Percentage Change on the first Observation Date = (974.44 - 749.57) / 749.57 = 0.30000 or 30.000% In this scenario, it is assumed that the Percentage Change is greater than or equal to 0.00% on the first Observation Date, which falls 24 months into the term of the Notes.

  • The amounts payable would be calculated as follows: Base Level = 749.57 Settlement Level on the Final Valuation Date = 824.53 Percentage Change on the Final Valuation Date = (824.53 - 749.57) / 749.57 = 0.10000 or 10.000% In this scenario, it is assumed that the Percentage Change is negative on the first through fifth Observation Dates but is greater than or equal to 0.00% on the Final Valuation Date (being the final Observation Date).


More Definitions of Settlement Level

Settlement Level means, in respect of a Share Index and:
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Settlement Level of the Reference Portfolio means, subject to a Market Disruption (§ 9 (3)), the Level of the Reference Portfolio as calculated by the Calculation Agent in relation to the Valuation Date.
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Settlement Level means, subject as referred to in relation to any Settlement Level Date:
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Related to Settlement Level

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

  • Poverty level means the annual family income for a family unit of a particular size, as specified in the poverty guidelines updated annually in the Federal Register by the U.S. Department of Health and Human Services.

  • Resettlement Framework or “RF” means the resettlement framework for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Highest-level owner means the entity that owns or controls an immediate owner of the offeror, or that owns or controls one or more entities that control an immediate owner of the offeror. No entity owns or exercises control of the highest level owner.

  • Latest Level means, in respect of an Inflation Index, the latest level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor prior to the month in respect of which the Substitute Index Level is being determined.

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Ontario Film Settlement Class.

  • Settlement Day means, in relation to a date, (i) with respect to a transfer of cash or other property (other than securities), the next Local Business Day and (ii) with respect to a transfer of securities, the first Local Business Day after such date on which settlement of a trade in the relevant securities, if effected on such date, would have been settled in accordance with customary practice when settling through the clearance system agreed between the parties for delivery of such securities or, otherwise, on the market in which such securities are principally traded (or, in either case, if there is no such customary practice, on the first Local Business Day after such date on which it is reasonably practicable to deliver such securities).

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Action level means a rate of emissions of a hazardous air contaminant as specified in Appendix C or as may be determined under Section 5-261(3) of these regulations. Action Levels are used to determine the applicability of Section 5-261 to stationary sources and shall be derived in accordance with the method prescribed in Appendix E of these regulations.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Settlement Interval has the meaning set forth in the CAISO Tariff.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Settlement Class Members means a member of a Settlement Class.

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Settlement Class Member means a member of a Settlement Class.

  • Ground Level means the level of the referred point of exposed surface of the ground as indicated in the drawing.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.