EURIBID definition

EURIBID means EUR-LIBOR-BBA minus 0.125 per cent., where "EUR-LIBOR-BBA" shall have the meaning set out in the Annex to the 2000 ISDA Definitions (June 2000 Version) as published by the International Swaps and Derivatives Association Inc.
View Source
EURIBID means the arithmetic mean of the bid quotations of leading banks (rounded to four decimal places with the mid point rounded up) for Euro deposits in the Euro zone Interbank market of a duration equivalent to assets in respect of which such quotations are from time to time sought.
View Source
EURIBID means in relation to any Advance or any unpaid sum, the Euro Inter-Bank Bid Rate for deposits in an amount in Euros equal to the amount of such Advance for the relevant Interest Period as determined by the Lender at or about 11:00 a.m. (Brussels time) two Business Days before the start of the Advance;
View Source

Examples of EURIBID in a sentence

  • Contribution to cost of negative rates 0.50% of outstandings calculated on an average end of month Term deposit accounts offer euromarket deposit rates (EURIBID or LIBID) minus a variable margin based on the currency, amount and term.

  • Contribution to cost of negative rates 0.50% of the balance calculated on the basis of an end-of-month average Term deposit accounts offer euromarket deposit rates (EURIBID or LIBID) minus a variable margin based on the currency, amount and term.

  • If any Reference Bank ceases to provide quotations to the Lender for the purposes of determining EURIBOR or LIBOR (EURIBID or LIBID), as the case may be, the Lender may terminate the appointment of such Reference Bank and, after consultation with the Borrower, appoint another bank to replace such Reference Bank.

  • If, pursuant to the definition of LIBOR or EURIBOR (or LIBID or EURIBID), it is necessary to calculate LIBOR or EURIBOR (or LIBID or EURIBID) by reference to the Reference Banks and any Reference Bank for any reason fails to notify to the Lender the rate referred to in Clause 6.1, the rate of interest shall, subject to clause 14, be determined on the basis of the rates notified to the Lender by the remaining Banks or Reference Bank.

  • The Reinvestment Rate applicable to any prepayment will be the EURIBID or LIBID, as the case may be.

  • If the Reinvestment Rate cannot reasonably be determined on the basis of EURIBID, the rate shall be the rate at which deposits in Euros to that Advance or other sum offered for the same period from and including the Prepayment Date to and excluding the Maturity Date of an Advance by Reference Banks to the Lender at 11:00 a.m.(Brussels time) on the second Business Day prior the Prepayment Date.