Compounded Daily €STR means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):
Compounded Daily €STR means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date as follows, and the resulting percentage will be rounded, if necessary, to the fourth decimal place, with each 0.00005 per cent. being rounded upwards:
Compounded Daily €STR means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily euro short-term rate as the reference rate of the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards:
More Definitions of Compounded Daily €STR
Compounded Daily €STR means, with respect to an Interest Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Period (with the daily euro short-term rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) on the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:
Compounded Daily €STR means with respect to an Interest Period, the rate of return of a daily compound interest investment in euro (with the daily euro short-term rate (€STR) as reference rate for the calculation of interest) and will be calculated as follows:(x) if “Lag” or “Lock-out” is specified as the Observation Method in the relevant Final Terms in accordance with the following formula:
Compounded Daily €STR means, with respect to an Interest Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Period (with the daily euro short-term rate as the reference rate of the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date in accordance with the formula below and the resulting percentage will be rounded if necessary to the third decimal place, with 0.0005 being rounded upwards:
Compounded Daily €STR means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards): 𝑑𝑜[𝖦 (1 +𝑖=1 €STR𝑖 × 𝑛𝑖 D D) − 1] ×𝑑 where: the "€STR reference rate", in respect of any TARGET Business Day, is a reference rate equal to the daily euro short-term rate ("€STR") for such TARGET Business Day as provided by the European Central Bank as the administrator of€STR (or any successor administrator of such rate) on the website of the European Central Bank (or, if no longer published on its website, as otherwise published by it or provided by it to authorised distributors and as then published on the Relevant Screen Page or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors) on the TARGET Business Day immediately following such TARGET Business Day (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines, of the European Central Bank or the successor administrator of such rate);
Compounded Daily €STR means the rate of return of a daily compound interest investment (with the daily Euro short-term rate as the reference rate for the calculation of interest) calculated by the Calculation Agent in accordance with the formula below and the resulting percentage being rounded, if necessary, to the nearest ten-thousandth of a percentage point (0.0001%), with 0.00005 being rounded upwards: 𝑑𝑜[𝖦(1 +𝑖=1€STRi− 𝑝TBD × 𝑛𝑖 360 ) − 1] × 360𝑑 where:
Compounded Daily €STR means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as the reference rate of the calculation of interest) calculated on the date following “p” TARGET2 Business Days prior to the end of the Interest Period (the “€STR Interest Determination Date”) in accordance with the formula below and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.0005 being rounded upwards: Where: dmeans the number of calendar days in the relevant InterestPeriod;domeans the number of TARGET2 Business Days in therelevant Interest Period;ECBmeans the European Central Bank or any successor or substituting authority thereto;€STRmeans in respect of any TARGET2 Business Day, a reference rate equal to the daily euro short-term rate for such TARGET2 Business Day as published by the ECB, as administrator of such rate (or any successor administrator of such rate), on the website of the ECB initially at http://www.ecb.europa.eu, or any successor website officially designated by the ECB (the “ECB's Website”) (in each case, on or before 9:00 a.m., Central European Time, on the TARGET2 Business Day immediately following such TARGET2 Business Day);€STRi-pTBDmeans, in respect of any TARGET2 Business Day "i" falling in the Interest Period, a reference rate equal to €STR for the TARGET2 Business Days falling “p” TARGET2 Business Days prior to the relevant TARGET2 Business Day “i”;imeans a series of whole numbers from one to do, each representing the relevant TARGET2 Business Days in chronological order from, and including, the first TARGET2 Business Day in the Interest Period to, and including, the last TARGET2 Business Day in the Interest Period;nimeans, for any TARGET2 Business Day “i”, the number of calendar days from and including such TARGET2 Business Day “i” up to but excluding the following TARGET2 Business Day;Observation Periodmeans, in respect of each Interest Period, the period from and including the date falling “p” TARGET2 Business Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling “p” TARGET2 Business Days prior to the Interest Payment Date for such Interest Period (or the date falling “p” TARGET2 Business Days prior to such earlier date, if any, on which the Notes become due and payable); andpmeans for any Intere...
Compounded Daily €STR means, with respect to a Coupon Accrual Period and subject as provided in Product Condition 4.13, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Coupon Accrual Period (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent on the relevant Coupon Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fourth decimal place, with 0.00005 being rounded upwards): [∏d0(1 + €STRi—pTBD×ni) − 1] × 360i=1360 d Where: