Compounded Daily SOFR Rate definition
Compounded Daily SOFR Rate means, with respect to an Interest Accrual Period, the rate (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)) determined by the Calculation Agent in accordance with the following formula:
Compounded Daily SOFR Rate means, with respect to an Interest Period, the rate (expressed as a percentage and rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) determined by the Calculation Agent in accordance with the following formula:
Compounded Daily SOFR Rate means, with respect to an Interest Period, the rate (expressed as a percentage and rounded if necessary to the fifth decimal plac e, w ith 0.000005 being rounded upwards) determined by the Calculation Agent in accordance with the following formula: where:
More Definitions of Compounded Daily SOFR Rate
Compounded Daily SOFR Rate means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the Secured Overnight Financing Rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date (a) as further specified in the applicable Final Terms; or (b) in accordance with the following formula, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:
Compounded Daily SOFR Rate means, in relation to an Interest Period, the rate of return of a daily compound interest investment (with the Secured Overnight Financing Rate as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent or Determination Agent (as applicable) on the Interest Determination Date (a) as further specified in the applicable Final Terms; or (b) by reference to the screen rate or index for compounded daily SOFR rates administered by the SOFR Administrator that is published on the SOFR Administrator’s Website or other information service from time to time on the relevant Interest Determination Date, as further specified in the applicable Final Terms and in accordance with the following formula, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:
Compounded Daily SOFR Rate means, subject to the applicable fallback provisions, the rate of return of a daily compound interest investment (with the secured overnight financing rate (“SOFR”) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the relevant Interest Determination Date as provided in the Final Term Sheet Interest Amount: The Calculation Agent will, on each Interest Determination Date, determine the Interest Rate and calculate the amount of interest payable on the Notes for the relevant Interest Period (the “Interest Amount”). Each Interest Amount shall be calculated by applying the Interest Rate and the Day Count Fraction (as defined below) to the aggregate principal amount of the Notes and rounding the resultant figure to the nearest cent, with one half of one cent being rounded upwards Currency of Security: U.S. dollars Interest Payment Dates: February 14, May 14, August 14 and November 14 of each year, subject to the Business Day Convention (as defined below), commencing on August 14, 2024 (short first coupon) Business Day Convention: Modified Following, adjusted, as provided in the Final Term Sheet Interest Determination Date: The date falling five (5) U.S. Government Securities Business Days (as defined below) prior to the relevant Interest Payment Date for the relevant Interest Period, as provided in the Final Term Sheet Record Dates: The close of business on February 4, May 4, August 4 and November 4 (whether or not a Business Day) prior to each Interest Payment Date