VWAP level definition

VWAP level means, on any index business day, as calculated by the VWAP calculation agent, the sum of the products of (i) the VWAP of each Index Constituent as of such date and (ii) the number of units of that Index Constituent as of such date published by the Index Sponsor. The VWAP level is reported on Bloomberg page “BXVWATMP <Index>.”
Sample 1Sample 2
VWAP level or“VWAPLeveli,k” means, in respect of a Rebalancing Dayk and a Constituenti which is a Share listed on an Eligible Exchange not located in Asia:(i) the volume weighted average price of such Share using the Bloomberg function EQY_WEIGHTED_AVG_PX and selecting as input the composite Constituent Bloomberg Ticker and selecting the VWAP Period on the Exchange on the relevant day, starting from the VWAP Start Time and ending on the VWAP End Time; multiplied by(ii) 100.15% if the Proposed Constituent Weight in respect of such Proposed Constituent and such Rebalancing Day is greater than the Constituent Weight in respect of the immediately preceding Rebalancing Day; or(iii) 99.85% if the Proposed Constituent Weight in respect of such Proposed Constituent and such Rebalancing Day is less than the Constituent Weight in respect of the immediately preceding Rebalancing Day;provided that, upon the occurrence of a Data Unavailability Event in respect of a Rebalancing Dayk and a Constituenti which is a Share, the Strategy Calculation Agent shall determine its good faith estimate of the VWAP Level in respect of such Share on such Rebalancing Day and/or make such adjustment(s) if any, to one or more of any variable, Constituent (including the Eligible Index), calculation or terms relevant to the Strategy acting in good faith using suchinformation and/or methods as it determines, in its reasonable discretion, areappropriate.
Sample 1
VWAP level means, on any index business day, as calculatedby the VWAPcalculation agent, (1) the sum of the products of (i) the VWAP of each Index Constituent as of such date and (ii) the published unit weighting of that IndexConstituent as of such date, divided by (2) the index divisor as of such date. The VWAPlevel is reported on Bloombergpage “SPMLPVW <Index>”.
Sample 1

Examples of VWAP level in a sentence

  • If the VWAP level exceeds 200% of the conversion price of the Stock Acquisition Rights applicable on the exercise instruction date, including the exercise of Stock Acquisition Rights in accordance with above items (a) & (b), the Company shall state a number of units up to a total of 12 Stock Acquisition Rights (total capital of 300 million yen and 465,116 shares issued due to the exercise of these rights).

  • If the VWAP level exceeds 225% of the conversion price of the Stock Acquisition Rights applicable on the exercise instruction date, including the exercise of Stock Acquisition Rights in accordance with above items (a) through (c), the Company shall state a number of units up to a total of 16 Stock Acquisition Rights (total capital of 400 million yen and 620,155 shares issued due to the exercise of these rights).

  • If the VWAP level exceeds 175% of the conversion price of the Stock Acquisition Rights applicable on the exercise instruction date, including the exercise of Stock Acquisition Rights in accordance with the above item (a), the Company shall state a number of units up to a total of eight Stock Acquisition Rights (total capital of 200 million yen and 310,077 shares issued due to the exercise of these rights).

  • As per options data, 14500 Put option has significant OI and any dip around that level should be used to create long positon • The Bank Nifty managed to sustain above its series VWAP level of 32380 as it closed with a gain of more than 1.35%.

  • ETNs are exposed to any change in the level of the underlying index, or the Volume Weighted Average Price (VWAP) level, between the inception date and the applicable valuation date.

  • Additionally, if the level of the underlying index or the VWAP level, is insufficient to offset the negative effect of the investor fee and other applicable costs, you will lose some or all of your investment or maturity or upon redemption, even if the value of such index or the VWAP level has increased or decreased, as the case may be.


More Definitions of VWAP level

VWAP level means, on any index business day, as calculatedby the VWAPcalculation agent, the sum of the products of (i) the VWAPof each Index Constituent as of such date and (ii) the numberof units of that Index Constituentas of such date published by the IndexSponsor.The VWAPlevel is reported on Bloombergpage “BXVWATMP<Index>“.
Sample 1

Related to VWAP level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

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

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

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

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • 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.

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

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Final Level means, in respect of the Index, the Closing Level on the Final Valuation Date, provided that, if the Final Valuation Date is not an Exchange Business Day, then the Final Level will be determined on the immediately preceding

  • 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.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any day if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.5%