Fed Funds Index definition
Fed Funds Index means the Deutsche Bank Fed Funds Effective Rate Total Return Index (Bloomberg code: DBMMFED1 Index). The Fed Funds Index is a proprietary index of Deutsche Bank AG, London Branch and is intended to measure the accrual of a daily rolled deposit invested at the federal funds effective rate. The Fed Funds Index is calculated on a total return basis, meaning the deposit is compounded (reinvested) daily with a 360-day year-convention. The Fed Funds Index is described in more detail under “Deutsche Bank Fed Funds Effective Rate Total Return Index” below.