Structure
To Buy the MTIRS index mirrors - Receive fixed & pay floating
To Sell the MTIRS index mirrors - Pay fixed & receive floating
MTIRS index positions are worth: the nominal amount times (current index value minus entering index value) divided by 100
All indices started with an index value of 100.0, All indices are calculated using mid rates, All indices are updated in real-time, A daily fixing of the indices is at 14:00 GMT Indices are rebalanced daily at 07:00 GMT
Day count: Fixed rate: 30/360 paid semi-annually modified following (UK business days) Floating rate: 3-month LIBOR act/360 quarterly modified following (UK business days)
Read more about this topic: FTSE MTIRS Index
Famous quotes containing the word structure:
“In the extent and proper structure of the Union, therefore, we behold a republican remedy for the diseases most incident to republican government.”
—James Madison (1751–1836)
“Vashtar: So it’s finished. A structure to house one man and the greatest treasure of all time.
Senta: And a structure that will last for all time.
Vashtar: Only history will tell that.
Senta: Sire, will he not be remembered?
Vashtar: Yes, he’ll be remembered. The pyramid’ll keep his memory alive. In that he built better than he knew.”
—William Faulkner (1897–1962)
“I really do inhabit a system in which words are capable of shaking the entire structure of government, where words can prove mightier than ten military divisions.”
—Václav Havel (b. 1936)