Indiana § 28-10-2-13 "Recommended spread adjustment"

Indiana Statutes

§ 28-10-2-13 — "Recommended spread adjustment"

Indiana·Art. 10 GENERAL PROVISIONS AND DEFINITIONS·Ch. 2 LIBOR Discontinuance and Replacement

As used in this chapter, "recommended spread adjustment" means a spread adjustment, or method for calculating or determining the spread adjustment, that:

(1)is selected or recommended by a relevant recommending body for:

(A)a recommended benchmark replacement;

(B)a particular type of contract, security, or instrument; and

(C)a particular term; to account for the effects of the transition or change from LIBOR to the recommended benchmark replacement; and

(2)may:

(A)have a positive or negative value; or

(B)equal zero (0).

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As used in this chapter, "recommended
spread adjustment" means a spread adjustment, or method for
calculating or determining the spread adjustment, that:
(1) is selected or recommended by a relevant recommending body
for:
(A) a recommended benchmark replacement;
(B) a particular type of contract, security, or instrument; and
(C) a particular term;
to account for the effects of the transition or change from LIBOR
to the recommended benchmark replacement; and
(2) may:
(A) have a positive or negative value; or
(B) equal zero (0).

Indiana § 28-10-2-13 ("Recommended spread adjustment") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.