Compounded SOFR Index definition
Compounded SOFR Index means the rate computed in accordance with the following formula, with the resulting percentage being rounded, if necessary, to the nearest one hundred-thousandth of a percentage point (0.00000005 being rounded upwards) :
Compounded SOFR Index means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with SOFR (Index Determination) 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 Interest Determination Date as follows, (and the resulting percentage will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point e.g., 9.876541 per cent. (or .09876541) being rounded down to 9.87654 per cent. (or .0987654) and 9.876545 per cent. (or .09876545) being rounded up to 9.87655 per cent. (or .0987655)):
Compounded SOFR Index means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with SOFR (Index Determination) 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 Interest Determination Date as follows, (and the resulting percentage will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point e.g., 9.876541 per cent (or .09876541) being rounded down to 9.87654 per cent (or
Examples of Compounded SOFR Index in a sentence
The interest to be paid on the Class A Notes on the first Interest Payment Date shall be based on the USD Compounded SOFR Index five U.S. Government Securities Business Days preceding the last day of the initial Interest Period plus 0.68% per annum.
The interest to be paid on the Class A Notes on the first Interest Payment Date shall be based on the USD Compounded SOFR Index five U.S. Government Securities Business Days preceding the last day of the initial Interest Period plus 0.85% per annum.
More Definitions of Compounded SOFR Index
Compounded SOFR Index means, in respect of an Interest Period, the rate calculated by the Calculation Agent, on the relevant Interest Determination Date as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place of a percentage point, with 0.000005 being rounded upwards:
Compounded SOFR Index means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with SOFR (Index Determination) as the reference rate for the calculation of interest as specified in the applicable Final Terms), which will be calculated by the Calculation Agent,
Compounded SOFR Index means, in relation to any Coupon Accrual Period, the rate of return of a daily compounded interest investment (with the Secured Overnight Financing Rate as the reference rate for the calculation of interest) as calculated by the Calculation Agent on the Coupon Determination Date, in accordance with the following formula (and the resulting percentage will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001):
Compounded SOFR Index means, with respect to an Interest Period, the rate of return of a daily compound interest investment (with SOFR (Index