IC 28-10-2-13 : "Recommended spread adjustment"
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).
As added by P.L.67-2022, SEC.1.