Financing component Clausole campione

Financing component. The financing component tracks the capital costs that would be incurred to finance the correspond- ing investment in the Reference Instrument (or constituents thereof). Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (In- dex Fee). The financing component therefore reduces the value of the Factor Index.

Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the Reference Instrument. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the Reference Exchange. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant Interest Rate. Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (Index Fee). If the costs of the margin payment and the Index Fee exceed the interest income based on the ap- plicable Interest Rate on a particular day, the value of the Factor Index on that day is reduced.

Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the Refereuce Iustrumeut. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the Refereuce Exchauφe. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant Iuterest Rate. Additionally, a fee charged by the Iudex Calculatiou Aφeut for the calculation and administration of the Factor Iudex is added (Iudex Fee). If the costs of the margin payment and the Iudex Fee exceed the interest income based on the ap- plicable Iuterest Rate on a particular day, the value of the Factor Iudex on that day is reduced.