Eastern Caribbean Central Bank definition

Eastern Caribbean Central Bank means the Eastern Caribbean Central Bank established under the Eastern Caribbean Central Bank Agreement;

Eastern Caribbean Central Bank means the Eastern Caribbean Central Bank established under Article 3 of the Agreement establishing the Eastern Caribbean Central Bank made on the 5th day of July, 1983, the text of which is set out in the Eastern Caribbean Central Bank Agreement Act, Cap. 19.07;

Eastern Caribbean Central Bank means the Eastern Caribbean Central Bank established pursuant to the Eastern Caribbean Central Bank Agreement, 1983;

Examples of Eastern Caribbean Central Bank in a sentence

• Capital adequacy and the use of regulatory capital are monitored daily by the Bank management, employing techniques based on the guidelines developed by the Eastern Caribbean Central Bank (‘the Authority’) for supervisory purposes.

• In accordance with Article 33 of the Eastern Caribbean Central Bank (Central Bank) Agreement 1983, The St. Kitts-Nevis-Anguilla National Bank Limited is required to maintain reserves against deposits through cash holdings and or by deposits held with the Central Bank.

• The assets of the plan are held in a single trustee administered fund, established by the Eastern Caribbean Central Bank.

• The ECSE is a regional securities market established by the Eastern Caribbean Central Bank and licensed under the Securities Act of 2001, a uniform regional body of legislation governing securities market activities to facilitate the buying and selling of financial products for the eight member territories.

• Under Article 24 (2) of the Eastern Caribbean Central Bank Agreement Act 1983, the Bank is required to maintain a reserve of external assets not less than 60% of its notes and coins in circulation, and other demand liabilities.

• In accordance with Article 50 (8) (a) of the Eastern Caribbean Central Bank Agreement Act 1983, the Bank’s income is exempt from any form of taxation.

• Cash and Cash Equivalents, as mentioned in the statement of cash flows, comprise of cash on hand, balances with other financial institutions and the Eastern Caribbean Central Bank, short term receivables, as well as investment funds whose maturities are ninety days or less.

• Any Principal and Interest payable that remains outstanding after the maturity date of the Bond shall be held by ECHMB in trust for the benefit of the Bondholder, for a period not exceeding seven (7) years after which all such amounts will be transferred to the Eastern Caribbean Central Bank, for the benefit of the Bondholder.

• The Eastern Caribbean Central Bank advised that the Monetary Council deemed the resolution of this matter as a priority for all stakeholders and indicated its intention to ensure that the matter is resolved expeditiously.

• The Monetary Council decided that the Eastern Caribbean Central Bank would work in conjunction with the Government of Antigua and Barbuda towards finding a resolution of the matter in the best interest and mutual benefit of all parties involved, including the Bank.

More Definitions of Eastern Caribbean Central Bank

Eastern Caribbean Central Bank means the bank established and operating pursuant to the Agreement Establishing the Eastern Caribbean Central Bank signed on July 5, 1983, and the enactment of implementing legislation by the participating governments, which include Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines and Anguilla.

Eastern Caribbean Central Bank means the Eastern Caribbean Central Bank established under the Eastern Caribbean Central Bank Agreement done at Port of Spain on the 5th day of July, 1983;