Examples of Opening Value in a sentence
Opening Value means: Opening Underlying Instrument Price x Contract Quantity Opening Underlying Instrument Price means the Underlying Instrument Price on opening the Contract as agreed between us and you.
Required Margin means an amount that is required to be standing to the credit of your Account and which is calculated as follows: (a) when an Order is placed to open a Contract, an amount that is: Opening Value x Margin Percentage (b) throughout the term of an open Contract: Contract Value x Margin Percentage in respect of each such open Contract between you and us.
So, if a member re-joined the LGPS in August 2011, had a deferred benefit in the LGPS as at 31 March 2011 and aggregated membership in October 2011 we must still value that deferred benefit for the Opening Value because, upon aggregation, the benefits have become a single arrangement and section 234(4) of the Finance Act 2004 requires us to calculate the Opening Value for the arrangement.
Additional pension granted in respect of a revoked ASBC election (England and Wales) Opening Value 58.
Where withholding tax applies to a particular Shareholder, a reduced number of New Ordinary Shares will be issued to reflect this withholding tax and the cash equivalent will fall to be determined by grossing up the value of that reduced number of New Ordinary Shares at the Scrip Calculation Price or the Opening Value (where the Market Value Rule applies) by reference to the withholding tax rate, currently 20 per cent.