Accrual Period is as defined in Condition 32(c); "Actual/Actual (ICMA)" is as defined in Condition 32(c);
Accrual Period means the relevant period for which interest is to be calculated (from and including the first such day to but excluding the last); and
Accrual Period means the relevant period for which interest is to be calculated (from and including the first such day to but excluding the last); and "Determination Period" means the period from and including 19 February in each year to but excluding the immediately following 19 February in each year. Interest in respect of any Note shall be calculated per €1,000 in principal amount of the Notes (the "Calculation Amount"). The amount of interest payable per Calculation Amount for any period shall be equal to the product of the Rate of Interest, the Calculation Amount and the day-count fraction (calculated on an "Actual/Actual (ICMA)" basis, as set out above) for the relevant period, rounding the resulting figure to the nearest cent (half a cent being rounded upwards).
Examples of Accrual Period in a sentence
The Interest Rate in respect of Floating Rate Certificates for each Interest Accrual Period shall be determined in the manner specified in the applicable Final Terms and, except as otherwise specified in the relevant Final Terms, the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified hereon.
More Definitions of Accrual Period
Accrual Period means each period commencing on, but excluding, an Accrual Period Start Date and ending on, and including, the Accrual Period End Date scheduled to fall immediately following such Accrual Period Start Date.
Accrual Period. End Date" means each date so specified in the relevant Final Terms, in each case subject to adjustment in accordance with the Asset Terms as if such day were a Valuation Date.