Regulation 2

In these Regulations —“application” means an application to purchase book‑entry MAS securities;“approved” means approved by the Authority;“auction day” means the date specified in a public notice as the auction day of an issue of book‑entry MAS securities;“bid yield” means the yield expressed in an application;“book-entry MAS securities” has the meaning given by section 133 of the Act;“maturity date” means the date on which any book‑entry MAS securities are redeemable at par;“multiple pricing format” means the manner of allotting book‑entry MAS securities set out in regulation 11;“public notice” means a public notice issued by the Authority under section 142 of the Act;“uniform pricing format” means the manner of allotting book‑entry MAS securities set out in regulation 12;“yield” means the rate of return on any book‑entry MAS securities computed on the basis of the price of those securities, the total interest payments and the period commencing from the date of issue of those securities to the date of maturity of those securities.