Examples of Index Calculation Agent in a sentence
Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (Index Fee) which reduces the value of the index.If the acquisition costs and the Index Fee exceed the interest income based on the relevant Interest Rate on a particular day, the value of the Factor Index is reduced on such day.
Change, adjustment or other measure affecting the relevant concept and the calculation of the Reference Instrument, resulting, in the reasonable discretion of the Index Calculation Agent, in the relevant concept or the relevant calculation of the Reference Instrument no longer being comparable to those applicable on the Index Start Date.
D) EXTRAORDINARY ADJUSTMENT OF THE INDEX CALCULATION In the event of an Extraordinary Adjustment Event occurring in relation to the Reference Instrument, the Index Calculation Agent will adjust the index calculation on the Reference Date (as defined below).
However, the Index Calculation Agent does not guarantee that the calculation of the indices or of any other parameters required for the composition and calculation, as in accordance with this Index Guide, will be free from error.Decisions on the manner and method of calculation and composition of its indices are made by the Index Calculation Agent in good faith and based on its best knowledge available.
Without prejudice to any potential obligations vis-à-vis licensees, the Index Calculation Agent is under no obligation towards third parties, including investors and/or financial intermediaries, to indicate any mistakes or errors related to the Index.The indices of the Index Calculation Agent do not constitute a recommendation to undertake an investment.