Index Closing Value is calculated for each Index Calculation Day by the Index Calculation Agent in accordance with section C) 1) of this index description on the basis of the Valuation Price of the Reference Instrument for this Index Calculation Day and published in accordance with sec- tion E) of this index description.
Index Closing Value is calculated for each Iudex Calculatiou Day by the Iudex Calculatiou Aφeut in accordance with section C) 1) of this index description on the basis of the Valuatiou Price of the Curreut Refereuce Iustrumeut for that Iudex Calculatiou Day and published in accordance with section E) of this index description.