Examples of OverNight Index Average in a sentence
This Annex relates to the change in the rate from the Euro OverNight Index Average ( EONIA) to the Euro Short Term Rate (€STR) for the purposes of (i) calculating the Price Alignment Amount, and (ii) constituting the relevant underlying benchmark for the instruments used to construct the Clearing House’s zero coupon yield curves under 2.1.7 of the FCM Procedures to calculate the net present value, each in relation to Impacted FCM SwapClear Contracts.
Other cash surpluses managed by Metal Securities are primarily invested in instruments linked to the EONIA (Euro OverNight Index Average) rate.
In particular a "Euro Interbank Offered Rate" (EURIBOR), a "Secured Overnight Financing Rate" (SOFR), a "Euro short-term rate" (€STR), a "London Interbank Offered Rate" (LIBOR), the "Euro OverNight Index Average" (EONIA), a "Constant Maturity Swap-Rate" (CMS- Rate) or any other reference interest rate (e.g. PRIBOR, WIBOR, etc.) may be used.
Performance fee benchmark Euro OverNight Index Average + 100 bps.
To illustrate this issue, let us assume the following example:Transaction with Euro OverNight Index Average (EONIA) + 20 bp; floor: 0.0%.
The global credit facility is subject to interest on the basis of EONIA (Euro OverNight Index Average) plus a fixed premium cal- culated on an arm’s length basis; these borrowings can be denom- inated in euros or a foreign currency.
Since 1 February 2005, according to Resolution of the BNB Governing Council, the BIR equals the simple average of the daily values of LEONIA (LЕv OverNight Index Average, a reference rate of all overnight unsecured lending transactions in the interbank market) for the business days of the preceding month (base period).
The percentage referred to above shall be two and a half points above the time-weighted average of the Euro OverNight Index Average (EONIA) as calculated by the European Central Bank for the financial year to which the distribution relates.
The "Lyxor Investment Funds – LYXOR FLEXIBLE ALLOCATION" Sub-Fund'sinvestment objective is to provide a net capital appreciation (taking into account all fees and expenses attributable to the Sub- Fund) above Euro OverNight Index Average (the "EONIA") or the equivalent money market rate in the relevant currency of the Class of Shares (the "Benchmark Index"), over a 3 to 5 year horizon with an annual volatility target level of 8%.
The "Lyxor Investment Funds – LYXOR SILVER MULTI ASSET " Sub-Fund'sinvestment objective is to provide a net capital appreciation (taking into account all fees and expenses attributable to the Sub- Fund) above Euro OverNight Index Average (the "EONIA”) or the equivalent money market rate in the relevant currency of the Class of Shares (the “Benchmark Index”), over a 3 to 5 year horizon with an annual volatility lower than target level of 8%.