Interest Rate Guarantee definition

Interest Rate Guarantee. With this feature, when the rates change, customers who request for renewal of their HiSAVE Fixed Rate account in the period between 45 to 2 working days prior to maturity will be protected by being offered at least the rate applicable on the date of renewal or on the date of maturity, whichever is higher. All customers who have chosen to automatically renew their HiSAVE Fixed Rate Account upon maturity will also be protected by being offered at least the rate applicable on the 45th day prior to maturity or on the date of maturity, whichever is higher. This means you will get the benefit of the higher rate in case the rates go up or down in the period between 45 and 2 working days before maturity.
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Interest Rate Guarantee means the Interest Rate Guarantee set out under the heading “Interest” in these Terms & Conditions.
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Interest Rate Guarantee means the Interest Rate Guarantee
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Examples of Interest Rate Guarantee in a sentence

  • Interest Rate Guarantee - This ensures that you receive the highest interest rate we offer between the date we receive your renewal instruction and the maturity date.

  • Modifications to these demonstrations are outlined in Appendix B and apply different requirements for Multi-Year Interest Rate Guarantee Annuities and other than Multi-Year Interest Rate Guarantee Annuities.

  • Suppose bank offers Interest Rate Guarantee for a premium of 0.1% of the amount of loan, you are required to calculate the interest payable by XYZ Ltd.

  • Actuarial demonstration requirements and MVA feature provision differ for products that meet the definition of Multi-Year Interest Rate Guarantee Annuities and those that do not.

  • After the Initial Premium Fixed Account Interest Rate Guarantee Period, We will declare a Fixed Account Interest Rate for each Contract Year that will apply to the amount allocated to the Fixed Account as of the beginning of that Contract Year.

  • Each of the Interest Rate Guarantee and the Bullet Cap Guarantee is aHedging Guarantee.

  • IIPRC staff update following the 9/15/2015 PSC Member Call: The PSC agreed with the IIPRC Office recommendation.October 27, 2015 IIPRC Office Update: The Actuarial Working Group has recommended that the PSC remove the separate requirements in Appendix B for other than Multi-Year Interest Rate Guarantee Annuities.

  • BONUS BENEFITS - Non-Level Interest Rate Guarantee APPLIES: Scope of the Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity ContractsCURRENT PROVISION: Scope: These standards apply to bonus benefits that are built into individual deferred variable annuity contracts or added to such contracts by rider, endorsement or amendment.

  • Harbourview Multi-Year Guaranteed Annuities - v1.2021OceanviewLife.com Interest Rate Guarantee Periods 2, 3, 4, 5, 6, 7 & 10 Years.

  • Guarantee would be Capital plus additional benefits or Interest Rate Guarantee.


More Definitions of Interest Rate Guarantee

Interest Rate Guarantee means the interest rate guarantee which applies to the Account as described in Condition 34 of the General Conditions.
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Related to Interest Rate Guarantee

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Interest Rate Contracts means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Guarantor Security Agreement means any Security Agreement executed by any Guarantor in favor of Agent securing the Guaranty of such Guarantor.

  • Interest Rate Protection Agreement means any interest rate swap agreement, interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Floating Rate Note means any Class A-2b Note.

  • Secured Rate Contract means any Rate Contract between Borrower and the counterparty thereto, which (i) has been provided or arranged by GE Capital or an Affiliate of GE Capital, or (ii) Agent has acknowledged in writing constitutes a “Secured Rate Contract” hereunder.

  • Interest Rate Agreements means one or more of the following agreements which shall be entered into by one or more financial institutions: interest rate protection agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) and/or other types of interest rate hedging agreements from time to time.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Floating Rate Notes means the Class A-2b Notes.

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).