Compounded SONIA definition

Compounded SONIA means, in respect of an Interest Period, the rate calculated by the Calculation Agent, on the relevant Interest Determination Date as follows, and the resulting percentage will be rounded, if necessary, to the nearest one ten-thousandth of a percentage point, with 0.00005 being rounded upwards:
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Compounded SONIA means the rate of return of a daily compounded interest investment (it being understood that the reference rate for the calculation of interest is the daily SONIA) for the relevant period applying a five business day lookback in respect of each date in the late payment period. When compounding the overnight SONIA rate, if SONIA is negative for any day during the period, SONIA shall be deemed to be zero for that day;
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Examples of Compounded SONIA in a sentence

  • Investors should carefully consider how any mismatch between the adoption of SONIA reference rates, SOFR reference rates or €STR reference rates across these markets may impact any hedging or other financial arrangements which they may put in place in connection with any acquisition, holding or disposal of Notes referencing Compounded Daily SONIA, Compounded SONIA, Compounded Daily SOFR, the SOFR Average or€STR.

  • Der Zinssatz („Zinssatz“) für jede Zinsperiode (wie nachstehend definiert) ist, sofern nachstehend nichts Abweichendes bestimmt ist, der Compounded SONIA (wie nachstehend definiert), der am Zinsfestlegungstag (wie nachstehend definiert) für die betreffende Zinsperiode gemäß der unten dargestellten Formel berechnet wird [im Falle einer Marge,ist folgendes anwendbar: [zuzüglich] [abzüglich] der Marge (wie nachstehend definiert)].

  • Compounded SONIA tends to be relatively predictable(see figure 2).

  • Compounded SONIA used for GBP and EURIBOR for euros.INPP press release Ratchet mechanism applicable to commitment fee that adjusts according to level of utilisation.

  • Further, in contrast to, for example, EURIBOR or LIBOR-based Notes, if Notes referencing Compounded Daily SONIA, Compounded SONIA, Compounded Daily SOFR, the SOFR Average or €STR become due and payable as a result of an event of default under Condition 7 (Events of Default), the rate of interest payable for the final Interest Period in respect of such Notes shall only be determined on the date on which the Notes become due and payable and shall not be reset thereafter.

  • It may be difficult for investors in Notes which reference Compounded Daily SONIA, Compounded SONIA, Compounded Daily SOFR, the SOFR Average or €STR to estimate reliably the amount of interest which will be payable on such Notes, and some investors may be unable or unwilling to trade such Notes without changes to their IT systems, both of which could adversely impact the liquidity of such Notes.

  • These are reassessed at the point of each issuance and have a rate of Daily Compounded SONIA plus 0.90%.During the year the Programme issued no new Notes or associated Intercompany Loans.

  • Compounded SONIA and SOFR used for GBP and USD respectively, with EURIBOR for euros.

  • Furthermore, interest on Notes which reference Compounded Daily SONIA, Compounded SONIA, Compounded Daily SOFR, the SOFR Average or €STR are only capable of being determined at the end of the relevant Observation Period or Interest Period (as applicable) and immediately prior to the relevant Interest Payment Date.

  • Floating Rate In respect of each Interest Period commencing on or after the Interest Payment Date falling in July 2021, Compounded SONIA +[]1 per cent.

Related to Compounded SONIA

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Compounding means the preparation, mixing, assembling, packaging, or labeling of a drug or