Examples of Variable Fee in a sentence
Licensee shall pay to S&P the following annual fees on a per Indexed Fund basis: The greater of the Minimum Fee or the Variable Fee set forth below due as of the close of the IPO.
Variable Fee: Five basis points (0.0005) multiplied by the total amount of assets raised during the initial public offering (IPO), payable at the close of such IPO.
Other than the General Model, the standard also provides a specific adaptation for contracts with direct participation features (the Variable Fee Approach) and a simplified approach (Premium Allocation Approach) mainly for short-duration contracts.
The Variable Fee Approach (VFA) is a mandatory model for measuring contracts with direct participation features (also referred to as ‘direct participating contracts’).
The Standard outlines a General Model, which is modified for insurance contracts with direct participation features, described as the Variable Fee Approach.