Interbank GIRO definition

Interbank GIRO or “IBG” means an interbank payment and funds transfer system provided by PayNet that facilitates payments and collections via the exchange of digitised transactions betweenbanks.
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Interbank GIRO or “IBG” means an interbank payment and funds transfer system provided by MyClear that facilitates payments and collections via the exchange of digitised transactions between banks.
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Examples of Interbank GIRO in a sentence

  • Where the last day of such time period falls on a Sunday or public holiday in Singapore, the time period shall be extended to the next calendar day that is not a Sunday or public holiday in Singapore.Method of payment:• Cash: You must complete an Interbank GIRO form authorising periodic RSP payments and submit it together with the relevant application form as required by the authorised agent or distributor.

  • Salient terms relating to RSPs: Minimum holding to invest in a RSP:The minimum holding as set out in paragraph 9.2.Minimum investment sum:S$100 monthly or S$500 quarterly.Method of payment:• Cash: You must complete an Interbank GIRO form authorising periodic RSP payments and submit it together with the relevant application form as required by the authorised agent or distributor.

  • Salient terms relating to RSPs: Minimum holding to invest in a RSP:The minimum holding as set out in the Appendix for the relevant Sub-Fund.Minimum investment sum:S$100 monthly or S$500 quarterly.Method of payment:• Cash: You must complete an Interbank GIRO form authorising periodic RSP payments and submit it together with the relevant application form as required by the authorised agent or distributor.

  • Consultant agrees to pay all required taxes on amounts paid to Consultant under this Agreement, and to indemnify and hold Authority harmless from any and all taxes, assessments, penalties, and interest asserted against Authority by reason of the independent contractor relationship created by this Agreement.

  • Salient terms relating to RSPs: Minimum holding to invest in a RSP:The minimum holding as set out in paragraph 10.2.Minimum investment sum:S$100 monthly or S$500 quarterly.Method of payment:• Cash: You must complete an Interbank GIRO form authorising periodic RSP payments and submit it together with the relevant application form as required by the authorised agent or distributor.

  • Fresh Funds means monies or funds howsoever transferred, credited or paid into an Eligible Account from other banks and/or financial institutions by way of (i) Interbank GIRO transfers, (ii) collection and payment of cheques drawn on such other bank(s) and / or liquidation of Wealth assets held with SCBMB or SCSB.

  • Except for the payment to be made with your letter of acceptance pursuant to clause 2 of this letter, during the Term, you shall pay Rent, Service Charge and GST by Interbank GIRO or any other mode to be determined by us.

  • The employer shall pay the AO the monthly PCP payment (inclusive of GST) on the first day of each calendar month by Interbank GIRO or such other mode or frequency of payment as the AO and the employer may mutually agree upon.

  • Interbank GIRO or IBGmeans an interbank payment and funds transfer system provided by PayNet that facilitates payments and collections via the exchange of digitised transactions between banks.

  • Salient terms relating to RSPs: Minimum holding to invest in a RSP:The minimum holding as set out in paragraph 8.2.Minimum investment sum:S$100 monthly or S$500 quarterly.Method of payment:• Cash: You must complete an Interbank GIRO form authorising periodic RSP payments and submit it together with the relevant application form as required by the authorised agent or distributor.

Related to Interbank GIRO

  • Interbank Rate means, for any period, (a) in respect of Loans denominated in Dollars, the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Relevant Interbank Market means in relation to euro, the European interbank market and, in relation to any other currency, the London interbank market.

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • Canadian Dollar means the lawful currency of Canada.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Index Currency means USD.

  • Hong Kong Dollar or “HK $” means the lawful currency of Hong Kong.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • STIBOR means the Stockholm inter-bank offered rate.

  • Australian Dollar means the lawful currency of Australia.

  • HIBOR means the Hong Kong inter-bank offered rate.

  • Eurozone means the countries and territories listed in the Annex of Council Regulation (EC) No. 974/98 of 3 May 1998 on the introduction of the Euro, in its current version.

  • Euro-Dollar Reference Banks means the principal London offices of Bank of America National Trust and Savings Association, Mellon Bank, N.A., and Xxxxxx Guaranty Trust Company of New York, and "Euro-Dollar Reference Bank" means any one of the foregoing.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • CIBOR means the Copenhagen interbank offered rate;

  • Money Market LIBOR Loan means a loan denominated in US Dollars to be made by a Lender pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 3.2).

  • Designated LIBOR Currency means the currency or composite currency specified on the face hereof as to which LIBOR shall be calculated. If no such currency or composite currency is specified on the face hereof, the Designated LIBOR Currency shall be United States dollars.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(c) on the basis of a London Interbank Offered Rate.

  • Reference Banks means, in the case of a determination of LIBOR, the principal London office of four major banks in the London inter-bank market and, in the case of a determination of EURIBOR, the principal Euro-zone office of four major banks in the Euro-zone inter-bank market, in each case selected by the Calculation Agent or as specified hereon.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Reference Rate Screen Page means the Reference Rate Screen Page, as specified in § 2 of the Product and Underlying Data (or on any successor page, which will be notified by the Calculation Agent pursuant to § 6 of the General Conditions).