Underlying Reference definition

Underlying Reference means as set out in §26(a) above.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Underlying Reference means as set out in §25(a) below.

Underlying Reference means as set out in §26(a) below.

Examples of Underlying Reference in a sentence

The Current Market Price of the Equity Derivative will be determined by Admiral who may consider a number of factors it deems appropriate including, for example, the last traded price of the Underlying Reference Instrument.
Further, Admiral is not liable to pay to you any amount in excess of the amount (less any Taxes and costs) which Admiral itself receives either as the owner of the Underlying Reference Instrument or pursuant to a Hedge Contract acquired in respect of the Equity Derivative.
Admiral is not obliged to pay to you any amount under this clause unless and until it receives that amount as the owner of the Underlying Reference Instrument or an equivalent amount under the Hedge Contract acquired in respect of the Equity Derivative.
Please see our PDS for the updated minimum margin requirements and leverage ratios in accordance with the ASIC Corporations (Product Intervention Order—Contracts for Difference) Instrument 2020/986; each Admiral Product is tailored by Contract Size; Admiral Products traded on a Trading Platform will not be settled by the physical or deliverable settlement of the Underlying Reference Instrument on their Value Date.
The Interest Rate of Combined Notes is a combination of several Interest Rates during the lifetime of the Notes between a Fixed Rate and/or a Floating Rate and/or a Zero Coupon and/or a rate linked to an Underlying Reference as specified in the Final Terms and determined in accordance with the Technical Annex (i) that the Issuer may elect to convert on the date set out in the Final Terms or (ii) that will automatically change on the date set out in the Final Terms.

More Definitions of Underlying Reference

Underlying Reference means as set out in §25(a) above.

Underlying Reference means each Underlying Referencek;

Underlying Reference means the Share as set out in item 31(a)

Underlying Reference means the Index specified in paragraph 49(i);

Underlying Reference means the Index, as specified in sub-paragraph 25(a) below

Underlying Reference means the Index as set out in item 30(a) below;

Underlying Reference means as set out in §26(a) above. "SPS Valuation Date" means the Knock-in Determination Day.