Interest on Cash Collateral. IBIE will pay you interest on the Cash Collateral computed on a daily basis. Generally, the interest paid to you by IBIE will be a portion of the net income that IBIE earns from on-lending the Loaned Securities. The income that IBIE earns from on- lending any Loaned Securities cannot be pre-determined or guaranteed by IBIE, as it is determined by prevailing conditions at the time in the securities lending market and may vary from day to day. IBIE offers no assurance of a minimum rate of interest on Cash Collateral.
Appears in 5 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Interest on Cash Collateral. IBIE will pay you interest on the Cash Collateral computed on a daily basis. Generally, the interest paid to you by IBIE will be determined by reference to a portion of the net income that IBIE earns from on-lending the Loaned Securities. The income that IBIE earns from on- lending any Loaned Securities cannot be pre-determined or guaranteed by IBIE, as it is determined by prevailing conditions at the time in the securities lending market and may vary from day to day. IBIE offers no assurance of a minimum rate of interest on Cash Collateral.
Appears in 1 contract
Samples: Customer Agreement
