Current Index Value

Current Index Value

The most recently published value of the index used to adjust the interest rate on an indexed ARM.

See Indexed ARMs.

References in periodicals archive ?
Favorably, the equity index put contracts were generally written with strike prices equal to the then current index value, had a weighted average maturity of 13.
Finally, the relatively high level of the current index value suggests that risk managers should consider increasing their policy limits to match the expanded coverage.

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