Fee Amount. The Rehypothecation Fee shall be determined based on a daily rate equal to 70% of the difference between the fair market rate (as determined by BNPP PB) and Fed Funds Open (or any successor benchmark rate).
Appears in 1 contract
Sources: u.s. Pb Agreement (FS Multi-Alternative Income Fund)
Fee Amount. The Rehypothecation Fee shall be determined based on a daily rate equal to 70% of the difference between the fair market rate (as determined by BNPP PB, Inc.) and Fed Funds Open (or any successor benchmark rate).
Appears in 1 contract