Reference Level definition

Reference Level means, in respect of an Inflation Index, the level of such Inflation Index (excluding any “flash” estimates) published or announced by the relevant Inflation Index Sponsor in respect of the month that is 12 calendar months prior to the month in respect of the Latest Level.
Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.
Reference Level means the ISO’s best estimate of an RMR Generator’s incremental marginal costs, and of an RMR Generator’s physical capabilities. The ISO determines Reference Levels in accordance with the requirements of its Market Power Mitigation Measures that are set forth in Section 23 of its Services Tariff. This term does not include UCAP Offer Reference Levels.

Examples of Reference Level in a sentence

  • If on the Final Valuation Date the Final Reference Level is lower than the Strike Level, an Index Linked Redemption Note will be redeemed on the Maturity Date at the Minimum Redemption Amount.

  • The Reference Level is the Single Reference Asset Level, the Average Basket Level or the Worst Performer of Basket.


More Definitions of Reference Level

Reference Level means the Price Level on an Index Calculation Day.
Reference Level means the quantity of GHG emission equivalents that have occurred during the normal course of business or activities during a designated period of time within the boundaries of a defined sector and a defined jurisdiction.
Reference Level means, unless otherwise specified in the relevant Pricing Supplement (a) in respect of an Index and an Averaging Date, the level of such Index as determined by the Calculation Agent as of the Valuation Time on the Exchange on such Averaging Date and (b) in respect of a Multiple Exchange Index and an Averaging Date, the official closing level of such Multiple Exchange Index on such Averaging Date as calculated and published by the Index Sponsor;
Reference Level means, in respect of any Averaging Date and an Index, the level of such Index as determined by the Calculation Agent as of the Valuation Time on the Exchange on such Averaging Date.
Reference Level means, in respect of an Index, the Index Level (excluding any “flash” estimates) published or announced by the relevant Index Sponsor in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above. If a Relevant Level is published or announced at any time on or after the Cut- off Date then such Relevant Level will not be used in any calculations. The Substitute Index Level so determined pursuant to Condition 7.4 will be the definitive level for that Reference Month. The Issuer shall give notice to Noteholders in accordance with Condition 17 of any Substitute Index Level calculated pursuant to this Condition 7.4.
Reference Level means the Price Level on an Index Calculation Day. "Share" means the security as set out in the table in "9. Index Table".
Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month in respect of which the Latest Level was published or announced.