TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ex through the application of a formula or through another method of calculating the information or expressions of opinions provided for that purpose; and (iii) dissemination to subscribers, including any review, adjustment and modification to this process. (c) Audit Trail means the documentation and retention of all relevant data, submissions, other information, judgments, including the rationale for any inclusion or exclusion of data, analysis and identities of submitters of information used in the benchmark setting process for an appropriate period; (d) Benchmark or Index means prices, estimates, rates or values, used in relation to securities that are: (i) made available to subscribers; whether free of charge or for payment; (ii) calcul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of Benchmark or an Index; (k) Expert Judgement means the exercise of discretion by an Index Provider or Submitter with respect to the use of data in determining a Benchmark with due documentation of the rationale and includes extrapolating values from prior or related transactions or adjusting values for factors that might influence the quality of data such as market events or impairment of the credit quality of a buyer or seller; (l) Form means any of the Forms set out in the First Schedule; (m) Index Provider means a person who controls the creation, operation and administration of a Benchmark or an Index, whether or not it owns the intellectual property rights relating to the Benchmark or an Index, and is in particular, responsible fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 of 1956); (u) Significant Indices means Indices administered by an Index Provider, which are tracked or benchmarked by domestic mutual fund schemes with the cumulative assets under management exceeding the limits as may be specified from time to time. Explanation : The list of Significant Indices shall be specified by the Board from time to time. (v) Stakeholder refers to subscribers and other persons or entities who own contracts or financial instruments that reference a Benchmark; (w) Stock exchange means a stock exchange which is recognised by the Board under the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (x) Submission means and includes prices, estimates, values, rates or information provided by a Submitter to an Index ..... X X X X Extracts X X X X X X X X Extracts X X X X
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