Daily Index Factor definition
Daily Index Factor means, on any given Index Business Day, the amount equal to the closing level of the Index on such Index Business Day divided by the closing level of the Index on the immediately preceding Index Business Day.
Daily Index Factor means, on any Trading Day, an amount equal to (i) the Index Closing Level on such Trading Day divided by (ii) the Index Closing Level on the immediately preceding Trading Day.
Daily Index Factor means, on any Index Business Day, an amount equal to (i) the Index Closing Level on such Index Business Day divided by (ii) the Index Closing Level on the immediately preceding Index Business Day. The Daily Index Factor will equal one on any calendar day that is not an Index Business Day.
More Definitions of Daily Index Factor
Daily Index Factor means, on any Index Business Day, 1 + (1 - ((a) the Index Closing Level on such Index Business Day divided by (b) the Index Closing Level on the immediately preceding Index Business Day).
Daily Index Factor means the following:
Daily Index Factor per Security on any Index Business Day will equal (1) the closing level of the Index on such Index Business Day divided by (2) the closing level of the Index on the immediately preceding Index Business Day.