Index Components definition
Examples of Index Components in a sentence
If such a postponement occurs, the Calculation Agent shall determine the value of the Index Components unaffected by the Market Disruption Event by using the closing value of such Index Component or Index Components on the scheduled Valuation Date and shall determine the value of any affected Index Component by using the closing value of such Index Component on the first Trading Day after that day on which no Market Disruption Event occurs or is continuing with respect to such Index Component.
These transactions may have a positive or negative impact on the value of the Index and/or the Index Components.
The Long Index Components for any monthly period will be the Eligible Currencies issued by the two Eligible Currency Issuers with the highest interest rates as set forth by the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Fixed Income Index Research, money market 1-month constant maturity indices as determined on a Filter Event Date (as defined below), as applicable.
The Component Weights of the Index Components are determined on the basis of their relative free float market capitalisation, subject to a maximum weight of 10%.
The level of the Index on any day can be calculated as follows: The Monthly Multiplier of each Index Component (i) shall be multiplied by the then current Index Reference Rate for that Index Component, (ii) the resulting products for each of the Index Components shall be added and (iii) the total added to the level of the Index as of the end of the prior calendar month.