Accumulation Component means, on any given day, the amount calculated in the following manner: (i) the Accumulation Component on the Inception Date shall equal one; and (ii) on each subsequent Business Day until and including the Final Valuation Date or, in the case of Securities with respect to which the Holder has exercised its right of Early Redemption, the applicable Valuation Date, the Accumulation Component shall equal (x) the Accumulation Component on the immediately preceding Business Day times (y) the sum of one plus the product of the Deposit Rate and the relevant Daycount Fraction.
Examples of Accumulation Component in a sentence
Pre 2008 Division D Accumulation Component This is equal to the Division D MRB as at 30 June 2008 updated in accordance with the Trust Deed to the date of exit (i.e. updated with credited investment returns, as appropriate, but not for post 30 June 2008 contributions).