Cash Rate definition

Cash Rate has the meaning specified in Section 2.05(a)(ii).

Cash Rate means the interest rate determined by the Reserve Bank of Australia which banks pay to borrow funds from other banks in the money market on an overnight basis. For the avoidance of doubt, the term Cash Rate has the same meaning as that adopted by the Reserve Bank of Australia.

Cash Rate means a measure of the short term cash returns based on either EONIA, ICE LIBOR Overnight Index, SORA, the Bank of Canada Target for the Overnight Rate, RBA Interbank Overnight Cash Rate, SARON or SONIA.

Examples of Cash Rate in a sentence

• Interest at the maximum rate prescribed in Rule 75 of the Legal Profession Uniform General Rules 2015 (“Uniform General Rules”) (being the Cash Rate Target set by the Reserve Bank of Australia plus 2%) will be charged on any amounts unpaid after the expiry of 30 days after a tax invoice is given to you.

• This is in line with the Trust’s target return of RBA Cash Rate +3.25% (net of fees) through the economic cycle.

• This investment process has been formed having regard to the Manager’s investment philosophy which gives first priority to capital preservation before assessing the appropriate income return.The Trust’s Target Return is RBA Cash Rate plus 3.50% per annum net of fees through the economic cycle.

• These funds are sitting in an interest bearing bank account earning the Reserve Bank of Australia (RBA) Cash Rate.

• The Manager will primarily invest the Trust in floating rate loans meaning that as the underlying base rate rises and falls, the relative attractiveness to other instruments may change.There is a strong correlation between the RBA Cash Rate and the base rates upon which the floating rate RMBS and ABS monthly interest rates are reset.

More Definitions of Cash Rate

Cash Rate means an annual dividend rate of 4.95% (i.e., a quarterly dividend rate of 1.2375%). The Cash Rate shall be referred to as the "Dividend Rate."

Cash Rate means on the relevant date, the rate per cent per annum determined by TCV by taking the rates quoted on the page entitled "IIAM" on the Reuters Monitor System at or about 11am (Melbourne time).

Cash Rate means the rate of 5%, expressed as a percentage

Cash Rate means in respect of an Index Business Day, the level of the €STR rate as displayed on Reuters page "EUROSTR=" or any successor page or if such a rate is not available, the rate as determined by the Index Sponsor.

Cash Rate means, in relation to any Index Business Day, a reference rate equal to the Stockholm interbank offered rate (STIBOR Tomorrow/Next) as determined by the Swedish Bankers’ Association and appearing on the Reuters Page STISEKTNDFI (or any successor to such page or service acceptable to the Index Administrator) in respect of that Index Business Day;

Cash Rate shall have the meaning set forth in paragraph 1 of each of the Notes.

Cash Rate means the LIBO Rate for the applicable Interest Period in effect for such Borrowing plus the Applicable Margin for Eurodollar Loans.