Ind. Code § 28-10-2-13

Current through P.L. 171-2024

Section 28-10-2-13 - "Recommended spread adjustment"

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).

IC 28-10-2-13

Added by P.L. 67-2022,SEC. 1, eff. 3/10/2022.