Compounded Daily XXXXX means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) as calculated by the Agent (or such other Calculation Agent specified in the applicable Final Terms) on the Interest Determination Date in accordance with the following formula and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent. being rounded upwards: where:
Compounded Daily XXXXX means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with the daily XXXXX reference rate as 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 follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent being rounded upwards: Observation Lookback Convention: do i = 1 SONIAi-pLBD x ni 365 ) -1] x 365 d where:
Compounded Daily XXXXX 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 Sterling overnight reference rate as 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 Final Terms or Pricing Supplement) on the relevant 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:
Examples of Compounded Daily XXXXX in a sentence
For the first Funding 1 Interest Period, Compounded Daily XXXXX (Index Determination) will be determined in accordance with clause 7.2(e) of the Intercompany Loan Agreement.
The Advance will bear interest from (and including) the 2024-1 Closing Date (or in relation to capitalised interest, the date on which such interest is capitalised) until the Advance (and all accrued interest thereon) is repaid in full at a rate of Compounded Daily XXXXX (Index Determination) (to be determined in accordance with clause 7.2(e) of the Intercompany Loan Agreement) plus a margin of 0.90 per cent.
More Definitions of Compounded Daily XXXXX
Compounded Daily XXXXX with respect to an Interest Period, will be calculated by the Calculation Agent on each Interest Determination Date in accordance with the following formula, and the resulting percentage will be rounded, if necessary, to the fourth decimal place, with 0.00005 being rounded upwards:
Compounded Daily XXXXX means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) as calculated by the Issuing and Principal Paying 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): where:
Compounded Daily XXXXX as the Reference Rate; and (3) “Index Determination” to be “Applicable”, the Rate of Interest for an Interest Period will, subject to Condition 3(b)(viii) (Benchmark Discontinuation) and as provided below, be the Compounded Daily XXXXX Index Rate with respect to such Interest Period plus or minus (as indicated in the applicable Final Terms) the applicable Margin (if any).
Compounded Daily XXXXX has the meaning given to it in Condition 5.03 (Interest on Floating Rate and Index-Linked Covered Bonds);
Compounded Daily XXXXX has the meaning given to that term in Condition 4.2(b)(ii) (Screen Rate Determination for Floating Rate Covered Bonds); Compounded SOFR means, for purposes of determining a replacement Benchmark pursuant to Clause 20.2(k) of the Trust Deed, the compounded average of SOFRs for the applicable corresponding tenor, with the rate, or methodology for this rate, and conventions for this rate (which, for example, may be compounded in arrears with a look-back and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each interest period or compounded in advance) being established by the Designated Transaction Representative in accordance with:
Compounded Daily XXXXX means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily XXXXX reference rate as reference rate for the calculation of interest) and will be calculated by the Issuing and Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms Document or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent. being rounded upwards: Observation Lookback Convention: where: d is the number of calendar days in the relevant Interest Accrual Period; d0 is the number of London Banking Days in the relevant Interest Accrual Period; i is a series of whole numbers from one to do, each representing the relevant London Banking Day in chronological order from, and including, the first London Banking Day in the relevant Interest Accrual Period;