Examples of Index Closing Level in a sentence
The daily Index Closing Level is calculated using Reuters/WMCO closing spot rates as at 4pm London time.
If a calendar day is not an Index Calculation Day, the last calculated Official Index Closing Level will be used.
The Index Fee will be levied on each calendar day, starting on the Index Commencement Date, and will be calculated as the product of 0.70% per annum (on the basis of a year comprising 360 days) and the relevant Official Index Closing Level, i.e. 0.001944% (= 0.70% / 360) of the Index level per calendar day.
The Index Fee will be levied on each calendar day, starting on the Index Commencement Date, and will be calculated as the product of 0.75% per annum (on the basis of a year comprising 360 days) and the relevant Official Index Closing Level, i.e. 0.002083% (= 0.75% / 360) of the Index level per calendar day.
The Index Closing Level shall be calculated on each Index Business Day.