Relevant Benchmark definition

Relevant Benchmark means the Index, the Reference Interest Rate and any other index, benchmark or price source by reference to which principal or other amounts payable under the Securities is calculated.

Relevant Benchmark means any rate, level, price, value or other figure in respect of one or more underlyings or other index utilised in order to determine the amount of interest and/or principal and/or any other amount payable or asset deliverable under the Notes, in each case, which is a "benchmark" for the purposes of the Benchmark Regulation, as determined by the Calculation Agent.

Relevant Benchmark means, in relation to any Series of Notes:

Examples of Relevant Benchmark in a sentence

• If the Issuer determines that an Administrator/Benchmark Event has occurred in respect of a Relevant Benchmark, the relevant disruption fallbacks will apply in the order specified, provided that if it would be unlawful or would contravene applicable licensing requirements for the Issuer or the Calculation Agent to perform the actions prescribed in an applicable disruption fallback, the next applicable disruption fallback will apply.

• The Sub-Fund’s holdings and the weightings of securities in the portfolio will consequently deviate from the composition of the Relevant Benchmark.

• However, the Management Company is not constrained by the Relevant Benchmark in its investment decisions; it is free to select securities which are part, or not, of the Relevant Benchmark.

• The Eleva Euroland Selection Fund is actively managed with reference to the Relevant Benchmark.

• The Relevant Benchmark represents large, mid and small capitalization companies of 11 Eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

More Definitions of Relevant Benchmark

Relevant Benchmark means, in relation to any Series of Notes, each Reference Rate or Floating Rate Option specified in the relevant Final Terms as being applicable to such Notes (or, if applicable, the index, benchmark or other price source that is referred to in such Reference Rate, Swap Reference Rate or Floating Rate Option);

Relevant Benchmark means, initially, each of SOFR ISR (in respect of the Calculated USD LIBOR ISR Fallback Rate) and the Published USD LIBOR ISR Fallback Rate for an applicable tenor, as applicable, provided that if a SOFR Swap Rate Transition Event and related SOFR Swap Rate Replacement Date have occurred with respect to SOFR ISR (in respect of the Calculated USD LIBOR ISR Fallback Rate) or the Published USD LIBOR ISR Fallback Rate, or a then-current Relevant Benchmark, as applicable, then the "Relevant Benchmark" means the applicable SOFR Swap Rate Replacement.

Relevant Benchmark means any index, benchmark or price source by reference to which any amount payable under the Notes or the Initial Securities (as the case may be) is determined

Relevant Benchmark means, initially, LIBOR; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBOR or the then-current Relevant Benchmark, then “Relevant Benchmark” means the applicable Benchmark Replacement;

Relevant Benchmark means a Relevant Commodity Benchmark, a Relevant Equity Index Benchmark or a Relevant FX Benchmark;

Relevant Benchmark means the Reference Item, the relevant Reference Item or any index, reference item, rate, value or other price source that is an element of such Reference Item or relevant Reference Item.

Relevant Benchmark means, in respect of any Securities, a USD Swap Rate, a Floating Rate Option, a Benchmark or any rate, level, value or other figure in respect of one or more Reference Assets utilised in order to determine the Rate of Interest, Floating Rate Coupon, Redemption Amount, Optional Redemption Amount, Instalment Amount, Reference Asset Amount or any other amount payable or asset deliverable under the Securities, in each case, which is a "benchmark" for the purposes of Regulation (EU) 2016/1011 of the European Parliament and the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending directives 2008/48/EC and 2014/17/EU and Regulation (EU) 596/2014 (as may be amended from time to time, the "EU Benchmark Regulation"), as determined by the Calculation Agent.