Will be published as soon as reasonably practical after 08:00 hours
(London time) on the next business day after the Last Trading Day.
EDSP Rate shall be the arithmetic average of the daily Euro
Overnight Rate for the delivery month:
here for formula
Ei = the ith Euro Overnight Rate of the Accrual Period, expressed
in such a way that for a rate of 1% per annum, Ei=0.01.
N = the total number of calendar days in the Accrual Period; and
for calendar days on which the Euro Overnight Rate is not computed
(e.g., Saturdays, Sundays and bank holidays) the rate shall be the
rate determined on the most recent business day for which a rate
Where the EDSP Rate is not an exact multiple of 0.0001, it will be
rounded to the nearest 0.0001, or where the EDSP Rate is an exact
uneven multiple of 0.00005, to the nearest lower 0.0001
The EDSP shall be determined as 100 minus the EDSP Rate, rounded as