Straits Times Index definition

Straits Times Index means the index commonly known in Singapore under the name or style "Straits Times Index" or "STI". If on any Business Day, such index is (i) not being compiled and published by the Index Sponsor but is compiled and published by a successor sponsor to the Index Sponsor acceptable to the Manager and the Trustee, or (ii) replaced by a successor index using, in the opinion of the Manager and the Trustee, the same or substantially similar formula for the method of calculation as used in the calculation of such index, then the "Straits Times Index" will be deemed to be the index compiled and published by that successor sponsor or that successor index, as the case may be;
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Examples of Straits Times Index in a sentence

  • The FTSE Straits Times Index (STI) is a capitalization-weighted stock market index that is regarded as the benchmark index for the Singapore stock market.

  • Investors and Holders may, in the absence of a performance benchmark, choose to refer to the Straits Times Index, considering the Fund’s investment strategy of investing primarily in equity securities listed in Singapore and the Straits Times Index being an index based on the top 30 companies listed on the Singapore stock exchange.

  • Prior to 1 November 2017, the benchmark used by the Managers in measuring the performance of the Fund was the Straits Times Index.

  • The information on the Straits Times Index may be changed by the Index Sponsors from time to time.

  • Information on the Straits Times Index is publicly available at https://www.sgx.com.Until 30 June 2001, the DBS 50 Index was used as the benchmark of the Fund instead of the Straits Times Index and the switch was made due to the discontinuation of the DBS 50 Index.

  • The Straits Times Index is computed in Singapore Dollars but some of its component securities are quoted in foreign currencies.

  • The Index Sponsors further do not warrant nor represent nor guarantee to any broker or Holder or any member of the public as to the accuracy or completeness of the Straits Times Index and its computation or any information related thereto.

  • The Index Sponsors accept no liability (whether in negligence or otherwise) towards any person for any error in the Straits Times Index and will not be under any obligation to advise any person of any error.

  • A fall in the Straits Times Index may result in a corresponding fall in the Value of the Fund.

  • There is no assurance that the Fund will be able to fully track the performance of the Straits Times Index.

Related to Straits Times Index

  • Retail Prices Index means the general index (for all items) published by the Office for National Statistics or, if that index is not published for a relevant month, any substituted index or index figures published by that Office;

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • SOFR IndexStart means the SOFR Index value on the day which is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period (an "Index Determination Date"); and

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.