Interest Adjustment Scheme definition

Interest Adjustment Scheme means the Interest Adjustment Scheme provided in Rule 7.3 as amended from time to time.
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Examples of Interest Adjustment Scheme in a sentence

  • References to “Settlement Amount” in this Rule 7.3 exclude interest payable under the Interest Adjustment Scheme.

  • Amounts payable to Members on GD Cheques (net of Unpaid Articles in respect of GD Cheques but including interest under the Interest Adjustment Scheme) shall be debited from the relevant GD Agent’s CHATS Ledger Account.

  • References to “Settlement Amount” in this Rule 7.3 exclude an interest adjustment under the Interest Adjustment Scheme.

  • Amounts payable to Members on GD Cheques (net of Unpaid Articles in respect of GD Cheques but including interest under the Interest Adjustment Scheme) shall be debited from the relevant GD Agent’s Settlement Account.

  • The Interest Adjustment Scheme does not apply to amounts payable or receivable in a Bulk Clearing Settlement Run of Credit Card Items, E-bill Payments, Returned E-bill Payments due to refund, SCCASS Participant Items (other than further amendments to SCCASS Participant Items reported by Members to CCASS after completion of the Bulk Clearing Settlement Run for SCCASS Participant Items but before 20.00 hours on Day D) and OTC Items.

Related to Interest Adjustment Scheme

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • SOFR Adjustment means 0.10% (10 basis points).