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Indiana Code Title 28. Financial Institutions § 28-10-2-13

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 13. 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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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-10-2-13 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-10-2-13/

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