ECB Rate definition

ECB Rate means the European Central Bank main refinancing interest rate; “Force Majeure” means any event or circumstance beyond the reasonable control of the affected party but does not include inability to pay; “Installation” means any fixed appliances, wires, fittings, apparatus or other electrical equipment used for (or for purposes incidental to) the conveyance, control and use of electricity; “Maximum Import Capacity” means the maximum amount of electricity expressed in kVA (kilovolt-amps) supplied to You at the Point of Supply; “NIAUR” means the Northern Ireland Authority for Utility Regulation which is the regulator for the electricity, gas and water and sewerage industries in Northern Ireland; “NIE” means Northern Ireland electricity PLC which operates the local electricity network that delivers electricity to you premises and are responsible for Change of Supplier process in the competitive electricity market in Northern Ireland. “Pass Through Charges” means government imposed levies or charges or any fees costs or charges levied or imposed on Us by any third party, relating to the supply of electricity, and which We are entitled or obliged to pass on to You as a customer; “Point of Supply” means the point specified in the Connection Agreement or in an application to supply at a specified point as the point where electricity may flow between the local Distribution System and Your installation; “Price Plan” means a product or offering made available by Us from time to time “Register/Registration” means the registering by NIE of You as a customer; “Security” means a cash deposit as required by and subject to the terms set out by Us and/or any form of guarantee or letter of credit from an entity and in a form acceptable to Us; “Schedule of Prices” means the schedule of price components of electricity supplied to You by
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ECB Rate means the European Central Bank main refinancing rate;
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ECB Rate means the base rate from time to time of the ECB;
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Examples of ECB Rate in a sentence

  • We will notify you if we change the FX rate from the ECB Rate to the current spot rate and the FX rate we will now apply for the purpose of this calculation.

  • We therefore carry out any Euro conversions at the ECB Euro FX rate as of 31 December of the preceding year (the ECB Rate).

  • To the extent movements in the currency markets cause there to be a large divergence (as determined by us) between the ECB Rate and the current spot rate for that currency, we may update the FX rate we use for the purpose of this FX conversion to the current spot rate.

  • Transactions in foreign currencies are translated in Euro at the exchange rates (ECB Rate) prevailing at the date of the transaction.

  • Transactions in foreign currencies are translated in Euro at the exchange rates (ECB Rate) ruling at the date of the transaction.

  • The Mortgage Portfolio will include Mortgage Loans subject to variable rates of interest set by the Administrator in accordance with the Administrator Policies (the "Variable Rates") or set by reference to the ECB Rate (the "Tracker Rates") from time to time.

  • The Portfolio will include Loans subject to standard variable rates of interest set by the Servicers (each, a "Standard Variable Rate"), tiered variable rates of interest set by the Servicers (each, a "Tiered Variable Rate") or set by reference to the ECB Rate (the "Tracker Rates") from time to time.

  • To the extent that the Seller has actually charged interest that has been calculated on the basis of a percentage that is higher than the increase of the ECB Rate or has charged interest without taking into account any ECB Rate decrease pursuant to such interest readjustment term, then a Borrower may be permitted to claim back such amounts and set these off against the Issuer's claims under the Loans.

  • The Floating Rate Loans can have floating rates set according to the Emporiki Base Rate (the Emporiki Base Rate Loans) or the ECB minimum refinancing rate (ECB Rate) (the ECB Rate Loans), while the fixed rates are offered for periods of one, three, five, seven, 10, 15, 20 or 25 years before re-fixing to Emporiki's Base Rate (by default) or ECB Rate or new fixed rates for periods of one, three, five, seven, 10, 15, 20 or 25 years.

  • The European (ECB) Rate Contracts will stop trading on the Last Trading Date at 5:00PM ET.


More Definitions of ECB Rate

ECB Rate means the sum of the following:
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ECB Rate means, for any day, such reference rate per annum equal to the overnight rate as calculated by the European Central Bank and appearing on Bloomberg Page in respect of that day, via the following commands (ECBK<GO>,ECB Interest Rates, Refinance Rate). If in respect of any day such rate does not appear on such Page, the last available rate shall be used;
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Related to ECB Rate

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: