Template:Nutshell GMRA 12: Difference between revisions
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{{gmraprov|12}}. '''{{gmraprov|Interest}}'''<br> | {{gmraprov|12}}. '''{{gmraprov|Interest}}'''<br> | ||
Interest will accrue on due but unpaid amounts, as a separate debt, at the greater of the {{gmraprov|Pricing Rate}} for the relevant {{gmraprov|Transaction}} and {{gmraprov|LIBOR}} according to the relevant ISMA [[day count convention]], for the actual number of days from (and including) the due date to (but excluding) the actual payment date.<br> | [[Interest]] will accrue on due but unpaid amounts, as a separate debt, at the greater of the {{gmraprov|Pricing Rate}} for the relevant {{gmraprov|Transaction}} and {{gmraprov|LIBOR}} according to the relevant ISMA [[day count convention]], for the actual number of days from (and including) the due date to (but excluding) the actual payment date.<br> | ||
Latest revision as of 09:59, 27 May 2022
12. Interest
Interest will accrue on due but unpaid amounts, as a separate debt, at the greater of the Pricing Rate for the relevant Transaction and LIBOR according to the relevant ISMA day count convention, for the actual number of days from (and including) the due date to (but excluding) the actual payment date.