Basis Point definition
Examples of Basis Point in a sentence
PFIs will receive a 25 Basis Point (0.25%) per year Servicing Fee, paid monthly, from the MPF Bank.
Basis Point represents the arithmetical amount of 0.0001, or stated differently a unit that is equal to 0.01% or one hundredth (1/100) of 1%.
Average Daily Net Assets Basis Point Rate WISDOMTREE ASSET MANAGEMENT, INC.
The Domestic Custody Basis Point Fee will be calculated by multiplying the market value of the domestic assets serviced on behalf of each Fund on the last business day of the month by the applicable basis point rate(s), dividing the result (or the sum of the results if tiered rates apply) by 360 and multiplying that amount by 30.
Basis Point Fees so calculated shall be allocated to each Portfolio on a pro rata basis based on the average daily net assets of each such Portfolio during the period.