Interbank Market definition

Interbank Market means the London interbank market.
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Interbank Market means the over-the-counter foreign exchange spot market open continuously from and including 5.00 a.m. Sydney time on a Monday in any week to and including 5.00 p.m. New York time on the Friday of such week.
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Interbank Market means, with respect to any LIBOR Rate Loan, any recognized interbank Eurodollar market chosen in good faith by Bank.
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Examples of Interbank Market in a sentence

  • Any interest, commission or fee accruing under a Finance Document will accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the Relevant Interbank Market differs, in accordance with that market practice.

  • MODULEBC: Business and Market Conduct CHAPTERBC-2: Code of Conduct for Bank Dealers and Foreign Exchange and Money Brokers in the Interbank Market BC-2.6 Differences and DisputesBC-2.6.1 The majority of differences payable by brokers arise from errors occurring in payment or repayment instructions.

  • MODULEBC: Business and Market Conduct CHAPTERBC-2: Code of Conduct for Bank Dealers and Foreign Exchange and Money Brokers in the Interbank Market BC-2.5 Confirmations BC-2.5.1Written confirmation by a broker is the final check on the details of the transaction.

  • If such service or such other Person approved by Agent described above no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Loans shall accrue interest at the Base Rate plus the Applicable Margin for such Loan.

  • MODULEBC: Business and Market Conduct CHAPTERBC-2: BC-2: Code of Conduct for Bank Dealers and Foreign Exchange and Money Brokers in the Interbank Market BC-2.4 Passing of Details BC-2.4.1The passing and recording of details form an essential part of the transaction and the possibility of errors and misunderstanding is increased by delay and by the passing of details in batches.


More Definitions of Interbank Market

Interbank Market means, with respect to EURIBOR Rate Advances, the applicable interbank offer market for Euro deposits.
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Interbank Market means the European Interbank euro-currency Market.
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Interbank Market means the London Interbank market. Interest Period means, in relation to each Advance, each period determined in accordance with Clause 9 (Interest Periods) and, in relation to an Unpaid Sum, each period determined in accordance with Clause 8.3 (Default interest). Interpolated Screen Rate means, in relation to LIBOR for the Loan or any part of it, the rate (rounded to the same number of decimal places as the two (2) relevant Screen Rates) which results from interpolating on a linear basis between:
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Interbank Market means (in relation to Euros) the European interbank market and (in relation to any other currency) the London interbank market.
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Interbank Market means London Interbank Deposit Market (in case of LIBOR) or Singapore Interbank Deposit Market (in case of SIBOR);
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Interbank Market means the London interbank market or the New York interbank market.
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Interbank Market. The interbank market, located in London, England, or, at the Bank's election, located in any other location satisfactory to the Bank, where the Bank, or any branch, subsidiary, parent or affiliate of the Bank, may purchase or sell to other banks deposits of U.S. dollars of fixed periods.
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