Examples of Base Index in a sentence
Even if the New Index decreases relative to the Base Index, the principal amount of the credit and Interest thereupon to be paid will not decrease.
Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example:CPI for current period232.945Less CPI for base period229.815Equals index point change3.130Divided by base period CPI229.815Equals0.0136Result multiplied by 1000.0136 x 100Equals percent change1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section.
Should a number of linked credits be consolidated, the principal of each credit shall be increased, respectively, according to the rate at which the New Index has increased relative to the Base Index, and such New Index will be deemed to be the Base Index of the consolidated credit as of the consolidation date and thenceforth.
If an ILS credit is defined as being linked, then on any repayment date of principal or Interest, the principal amount of the credit and Interest thereupon to be paid will be increased according to the rate at which the New Index has increased relative to the Base Index.
With respect to each Selection Day in the back-cast period, eligible Index Components that were not listed on a regulated exchange in the United States or on a regulated exchange in the United States as an American Depositary Receipt (ADR) have been excluded.The back-tested levels of the Index are based on the Base Index Universe Requirements and Base Index Component Requirements with respect to the Selection Day of each Rebalance Day in the back-test period.