Financing Spread represents (in the form of a premium over the applicable Interest Rate) the costs of the margin payment which may be incurred for investments in the Reference Instru- ment in line with the strategy replicated by the Factor Index. The Financing Spread on the Index Start Date corresponds to the Initial Financing Spread. The Index Calculation Agent then adjusts the "Current Financing Spread" in its due discretion on each Adjustment Date to reflect current market conditions and publishes it in accordance with section E) of this index description. The adjusted Financing Spread shall apply immediately as from the relevant Adjustment Date. "Initial Financing Spread" is 2.0% per annum.
Financing Spread means the spread applied to calculate the Financing Rates (as set out in the Pricing and Fees Schedule available from GAIN’s website) over or under the reference rate. Typically, in the case of Long Position the Financing Rate is calculated as LIBOR + Financing Spread and in the case of Short Position it is LIBOR - Financing Spread.
Financing Spread represents (in the form of a premium over the applicable fåíÉêÉëí o~íÉ) the costs of the margin payment which may be incurred for investments in the oÉÑÉêÉåÅÉ fåëíêìJ ãÉåí in line with the strategy replicated by the c~Xxxx xxXXx. The cáå~åÅáåÖ péêÉ~Ç on the xxXXx pí~êí a~íÉ corresponds to the fåáíá~ä cáå~åÅáåÖ péêÉ~Ç. The xxXXx `~äÅìä~íáçå ^ÖÉåí then adjusts the "Current Financing Spread" in its due discretion on each ^ÇàìëíãÉåí a~íÉ to reflect current market conditions and publishes it in accordance with section E) of this index description. The adjusted cáå~åÅáåÖ péêÉ~Ç shall apply immediately as from the relevant ^ÇàìëíãÉåí a~íÉ. "Initial Financing Spread" is 2.0% per annum.
Examples of Financing Spread in a sentence
Anfänglicher Finanzierungsspread / Initial Financing Spread: Der Anfängliche Finanzierungsspread entspricht: siehe Tabelle.
Therefore, if the routes stay the same, only the distance between the DC and the first stop and from the last stop to the DC will have changed post- consolidation.
The "Current Financing Spread" shall be specified on each Adjustment Date by the Calculation Agent in itsreasonable discretion in a range between zero and the Maximum Fi- nancing Spread.
The "Current Financing Spread" shall be specified on each Adjustment Date by the Calculation Agent in its reasonable discretion in a range between zero and the Maximum Fi- nancing Spread.
However, the mechanism does not prevent you from suffering a loss up to total loss.The financing component reflects the capital costs (see Interest Rate and Financing Spread below) that would be in- curred to finance the corresponding investment in the Reference Instrument.
More Definitions of Financing Spread
Financing Spread represents (in the form of a premium over the relevant Interest Rate) the financ- ing costs which may be incurred if the long strategy tracked by the Factor Index is financed with debt. The Financing Spread on the Index Start Date corresponds to the Initial Financing Spread. The Index Calculation Agent then adjusts the "Current Financing Spread" in its due discretion on each Adjustment Date to reflect current market conditions and publishes it in accordance with section E) of this index description. The adjusted Financing Spread shall apply immediately as from the relevant Adjustment Date. "Initial Financing Spread" is 0.1% per annum.
Financing Spread means, as of the Initial Trade Date, 2.75%. The Financing Spread may be adjusted from time to time by the Calculation Agent, but in no case will it increase by more than 2.25% per annum, to a maximum amount of 5.00%. The Calculation Agent may adjust the Financing Spread up to that maximum amount. If it elects to do so, the Bank will notify the Trustee, and issue a press release that it will publish on a website at least five Business Days prior to the effective date (a “Fee Effective Date”) of the applicable change. The date on which the Bank publishes such a press release is referred to as a “Fee Notice Date.” Notwithstanding the forgoing, the Fee Effective Date for any reduction to the Financing Spread may be any date after the Fee Notice Date that is designated in the applicable press release.An “Index Business Day” means any day on which the Index Sponsor publishes the Index Closing Level.The “Index Closing Level” on any Index Business Day means the closing level of the Index as published on Bloomberg under the ticker symbol “BIGOIL<Index>”, subject to adjustment as provided in Section 3 hereof.An “Index Constituent” means the equity interests of the Constituent Issuer included in the Index.The “Index Performance Factor” on the Initial Trade Date was 1. On any subsequent Exchange Business Day until maturity, call or redemption of this Security, the Index Performance Factor will equal (a) the Index Closing Level on that Exchange Business Day (or, if such day is not an Index Business Day, the Index Closing Level on the immediately preceding Index Business Day) divided by (b) the Index Closing Level on the immediately preceding Index Business Day, as determined by the Calculation Agent.If a Market Disruption Event occurs or is continuing on any applicable Index Business Day on which the Index Performance Factor must be determined, the Calculation Agent will determine the Index Performance Factor for the Securities on that day using an appropriate closing level of the Index for the applicable Index Business Day, taking into account the nature and duration of such Market Disruption Event. Furthermore, if a Market Disruption Event occurs and is continuing with respect to this Security on any Index Business Day (or occurred or was continuing on the immediately preceding Index Business Day), the calculation of the Index Performance Factor will be modified so that the applicable leveraged exposure does not reset until the first Index Business Day on which no Ma...
Financing Spread means, as of the Initial Trade Date, 2.25%. The Financing Spread may be adjusted from time to time by the Calculation Agent, but in no case will it increase by more than 2.75% per annum, to a maximum amount of 5.00%. The Calculation Agent may adjust the Financing Spread up to that maximum amount. If it elects to do so, the Bank will notify the Trustee, and issue a press release that it will publish on a website at least five Business Days prior to the effective date (a “Fee Effective Date”) of the applicable change. The date on which the Bank publishes such a press release is referred to as a “Fee Notice Date.” Notwithstanding the forgoing, the Fee Effective Date for any reduction to the Financing Spread may be any date after the Fee Notice Date that is designated in the applicable press release.
Financing Spread means 0.80%.
Financing Spread means 1.15% (or 1.15 per cent.).
Financing Spread represents (in the form of a premium over the relevant fåíÉêÉëí o~íÉ) the financ- ing costs which may be incurred if the long strategy tracked by the c~Xxxx xxXXx is financed with debt. The cáå~åÅáåÖ péêÉ~Ç on the xxXXx pí~êí a~íÉ corresponds to the fåáíá~ä cáå~åÅáåÖ péêÉ~Ç. The xxXXx `~äÅìä~íáçå ^ÖÉåí then adjusts the "Current Financing Spread" in its due discretion on each ^ÇàìëíãÉåí a~íÉ to reflect current market conditions and publishes it in accordance with section E) of this index description. The adjusted cáå~åÅáåÖ péêÉ~Ç shall apply immediately as from the relevant ^ÇàìëíãÉåí a~íÉ.
Financing Spread reflects the current annual costs for acquiring the Reference Instrument as at the Index Calculation Day via a securities lending and repurchase ("repo") transaction. The Financing Spread on the Index Start Date corresponds to the Initial Financing Spread. The Index Calculation Agent then adjusts the "Current Financing Spread" in its due discretion on each Adjustment Date to reflect current market conditions and publishes it in accordance with section E) of this index description. The adjusted Financing Spread shall apply immediately as from the relevant Adjustment Date. "Initial Financing Spread" is 0.4% per annum.