Common use of METHOD OF CALCULATION OF INTEREST Clause in Contracts

METHOD OF CALCULATION OF INTEREST. For the period between the Initial Deposit Date and the Issue Date, the interest on the Initial Deposit will be calculated on the daily balance at the "Pre-Issue Interest Rate", as shown on the Certificate of Deposit.

Appears in 17 contracts

Sources: 5y Eco MKT Link Gic, Gic Agreement, Gic Agreement