Examples of Compounded Daily SORA in a sentence
Floating Rate Notes : Floating Rate Notes which are denominated in Singaporedollars will bear interest to be determined separately for each Series by reference to S$ SIBOR, S$ SWAP RATE or Compounded Daily SORA (or in any other case such other benchmark as may be agreed between the Issuer and the relevant Dealer(s)), as adjusted for any applicable margin.
For each Floating Rate Note where the Reference Rate is specified as being Compounded Daily SORA, the Rate of Interest for each Interest Period will, subject as provided below, be Compounded Daily SORA (as defined below) plus or minus the Margin.
If Compounded Daily SORA (“ Compounded Daily SORA”) is specified in the applicable Pricing Supplement, the SORA Benchmark for each Interest Period shall be determined based on Compounded Daily SORA which shall be calculated by the Calculation Agent on the relevant Interest Determination Date in accordance with one of the formulas referenced below depending upon which Observation Method is specified in the applicable Pricing Supplement.
Only include for Notes which specify the Reference Rate as being "Compounded Daily SORA", "Compounded Daily CORRA" or "Compounded Daily TONA".
The Notes will bear a coupon rate of Compounded Daily SORA + 0.65% per annum, payable quarterly in arrear with Compounded Daily SORA calculated using a five business day look-back observation period.