Financing Spread definition
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 1.25% 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.
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.
Examples of Financing Spread in a sentence
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 Financing Spread.
Maximum Financing Spread The Financing Spread on the Issue Date shall amount to 2.5%.
Maximum Financing Spread The Financing Spread on the Issue Date shall amount to 3.5%.
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.
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.
More Definitions of 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~▇▇▇▇ ▇▇▇▇▇. The cáå~åÅáåÖ péêÉ~Ç on the ▇▇▇▇▇ pí~êí a~íÉ corresponds to the fåáíá~ä cáå~åÅáåÖ péêÉ~Ç. The ▇▇▇▇▇ `~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.
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~▇▇▇▇ ▇▇▇▇▇ is financed with debt. The cáå~åÅáåÖ péêÉ~Ç on the ▇▇▇▇▇ pí~êí a~íÉ corresponds to the fåáíá~ä cáå~åÅáåÖ péêÉ~Ç. The ▇▇▇▇▇ `~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 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.
Financing Spread means 0.50%.
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 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 0.8% per annum.