Common use of Interest payments on cash margin Clause in Contracts

Interest payments on cash margin. ‌ The reference rate generally used in Australia is the interbank overnight cash rate, plus or minus an agreed spread, the former being an Australian benchmark interest rate calculated and published by the Reserve Bank of Australia and displayed on screen RBA30 or other widely published electronic pages. Counterparties may choose to settle the cash interest on a monthly basis. Participants should reconcile and settle the interest with their counterparties in the first week of the following month.

Interest payments on cash margin. ‌ The reference rate generally used in Australia is the interbank overnight cash rate, plus or minus an agreed spread, the former being an Australian benchmark interest rate calculated and published by the Reserve Bank of Australia and displayed on Reuters screen RBA30 or other widely published electronic pages. Counterparties may choose to settle the cash interest on a monthly basis. Participants should reconcile and settle the interest with their counterparties in the first week of the following month.

Interest payments on cash margin. ‌ The reference rate generally used in Australia is the interbank overnight cash rate, plus or minus an agreed spread, the former being an Australian benchmark interest rate calculated and published by the Reserve Bank of Australia and displayed on Reuters screen RBA30 or other widely published electronic pages. Counterparties may choose to settle the cash interest on a monthly basis. Participants should reconcile and settle the interest with their counterparties in the first week of the following month.