Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the 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 fifth decimal place, with 0.000005 being rounded upwards:
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place: Where:
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) as at the relevant Interest Determination Date as
Examples of Compounded Daily Reference Rate in a sentence
Where the Calculation Method is specified in the relevant Constituting Instrument as being "Compounded Daily", the Rate of Interest applicable to the Notes for each Interest Accrual Period will be the Compounded Daily Reference Rate plus or minus (as indicated in the Constituting Instrument) the Margin, all as calculated by the Interest Calculation Agent on the Interest Determination Date and the resulting percentage will be rounded, if necessary, in accordance with Condition 6(c)(iii)(F).
More Definitions of Compounded Daily Reference Rate
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) 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: where:
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with SOFR, SONIA or €STR as the Reference Rate for the calculation of interest as specified in the applicable Final Terms), which will be calculated by the Calculation Agent, as at the relevant Reference Rate Determination Date as follows, and the resulting percentage will be rounded, if necessary, (in the case of SONIA) to the fourth decimal place, with 0.00005 being rounded upwards and (in the case of SOFR or €STR) to the fifth decimal place, with 0.000005 being rounded upwards: 𝑑0 𝑟 − 𝑝𝐵𝐷 𝑥 𝑘 𝐷[𝖦(1 + 𝑖𝐷𝑖=1𝑖)] 𝑥𝑑 where:
Compounded Daily Reference Rate means, with respect to a Return Accumulation Period, the rate of return of a daily compound profit investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of profit) and will be calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate, as specified in the relevant Final Terms) as at the relevant Periodic Distribution Determination Date as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: where:
Compounded Daily Reference Rate means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate – being either SONIA or SOFR, as specified in the relevant Final Terms or Pricing Supplement and further described below – as the reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date as further specified in the relevant Final Terms or Pricing Supplement, in accordance with the relevant following formula (expressed as a percentage rate per annum and rounded, if necessary, to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)):
Compounded Daily Reference Rate means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying 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: where: D is the number specified in the applicable Final Terms; d is the number of calendar days in the relevant Interest Accrual Period; do is the number of Business Days in the relevant Interest Accrual Period; i is a series of whole numbers from one to do, each representing the relevant Business Days in chronological order from, and including, the first Business Day in the relevant Interest Accrual Period; Business Day or BD in Condition 4.2(b)(ii)(II) has the meaning set out in Condition 4.5; ni, for any Business Day "i", means the number of calendar days from and including such Business Day "i" up to but excluding the following Business Day; p means, for any Interest Accrual Period where "Lag" is specified as the Observation Method in the applicable Final Terms, the number of Business Days included in the Observation Look-Back Period specified in the applicable Final Terms (or, if no such number is specified five Business Days);
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms or the relevant Pricing Supplement (as the case may be) and further provided for below) as the reference rate for the calculation of interest) and will
Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) 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 relevant Interest Determination Date (as specified in the applicable Final Terms), as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place: where: