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Ind. Code § 28-10-2-13

"Recommended spread adjustment"

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

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).

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.