Sec. 5. (a) As used in this chapter, “calculating person”, with respect to a particular contract, security, or instrument, means any person responsible for calculating or determining any valuation, payment, or other measurement based on a benchmark.

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Terms Used In Indiana Code 28-10-2-5

  • benchmark: means an index of interest rates or dividend rates that is used, in whole or in part, as the basis of, or as a reference for, calculating or determining any valuation, payment, or other measurement under or with respect to a contract, security, or instrument. See Indiana Code 28-10-2-2
  • Contract: A legal written agreement that becomes binding when signed.
     (b) The term includes the determining person for a particular contract, security, or instrument.

As added by P.L.67-2022, SEC.1.

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