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:
“The philosopher believes that the value of his philosophy lies in its totality, in its structure: posterity discovers it in the stones with which he built and with which other structures are subsequently built that are frequently better—and so, in the fact that that structure can be demolished and yet still possess value as material.”
—Friedrich Nietzsche (1844–1900)
“Slumism is the pent-up anger of people living on the outside of affluence. Slumism is decay of structure and deterioration of the human spirit. Slumism is a virus which spreads through the body politic. As other “isms,” it breeds disorder and demagoguery and hate.”
—Hubert H. Humphrey (1911–1978)
“There is no such thing as a language, not if a language is anything like what many philosophers and linguists have supposed. There is therefore no such thing to be learned, mastered, or born with. We must give up the idea of a clearly defined shared structure which language-users acquire and then apply to cases.”
—Donald Davidson (b. 1917)