Benchmark Interest Rate definition

Benchmark Interest Rate means the notional interest at which the Benchmark Repayment Schedule has been calculated.

Benchmark Interest Rate means the market interest rate against which the Cap-It Certificate and the underlying Cap Investment are referenced. The Benchmark Interest Rate of the Cap Investments purchased by the Issuer and of the Cap-It Certificates issued by the Issuer will normally be one of either LIBOR or Base Rate;

Benchmark Interest Rate the benchmark interest rate of RMB loans issued by the People’s Bank of China;

Examples of Benchmark Interest Rate in a sentence

• Our standard loan agreement provides that the interest rate is equivalent to the Benchmark Interest Rate for the purposes of Division 7A.

• The Payment Amount will be zero unless the Benchmark Interest Rate of the Cap-It Certificate in the relevant Calculation Period is set higher than its Cap Rate, in which case the Payment Amount shall be a positive amount calculated and payable to the Certificate Holder in accordance with the Payment Formula.

• The rate of interest payable on the loan must be equal to or exceed the Benchmark Interest Rate for the year.

• The Benchmark Interest Rate for the year of income is the indicator lending rate-bank variable housing loans interest rate last published by the Reserve Bank of Australia before the end of the year of income.

• An adjustment to the Benchmark Interest Rate shall be reflected in the lease rate and rental payment in the same proportion and direction in the next instalment from the date of adjustment.

More Definitions of Benchmark Interest Rate

Benchmark Interest Rate means the RMB Benchmark Interest Rate;

Benchmark Interest Rate means the interest rate as publicized by the PBOC for the loans of the same term and types on the Interest Calculation Date;

Benchmark Interest Rate means the relevant interbank cash interest rate applicable to the Relevant Currency;

Benchmark Interest Rate. (1) Adjustment of the benchmark interest rate consists of "monthly adjustment" and "quarterly adjustment". They are defined as follows: A. Monthly adjustment: This Arithmetic mean portfolio of the "overnight inter-bank weighted average call loan rate" in one month and "the Bank's cost pricing factors" (such cost pricing factors include the Bank's operating costs, funding costs, taxes, ratio of bad debt provision and capital adequacy ratio prescribed by the competent authority, and rate of return for capital, etc.), and is calculated once every month, with the 15th day of each month being the date of effectiveness of periodic adjustment. If the calculation date falls on a public holiday, the calculation date shall be next available business day. B. Quarterly adjustment: This arithmetic mean portfolio of the "overnight inter-bank weighted average call loan rate" in three months and "the Bank's cost pricing factors", and is calculated every quarter, i.e. on the 15th day of March, June, September and December (the 15th being the effective date). If the calculation date falls on a public holiday, the calculation date shall be next available business day shall be the effective date. With respect to the portfolio consisting of "the Bank's cost pricing factors", if there are changes to such pricing factors, the Bank shall have the discretion to make adjustments at any time in accordance with the market changes. (2) The "overnight inter-bank weighted average call loan rate" in the above paragraphs refers to that of the "Taiwan Interbank Money Center". (3) The Benchmark Interest Rate shall be periodically adjusted (monthly adjustment/quarterly adjustment) according to the agreement between the Contracting Party and the Bank. In the absence of such an agreement,

Benchmark Interest Rate has the meaning ascribed thereto in Section 2.2(c). “Bid Date” means March 17, 2017.

Benchmark Interest Rate has the meaning assigned to it in Section 2.6 of the Tariff Regulations.

Benchmark Interest Rate means 'SAFEY', which is the weighted average of the overnight call deposit rate paid by A1- rated local and F1-rated foreign financial institutions where Safex places its daily Margin deposits received by its members. Reuters code SFXROD and Bloomberg code RAONON Index.