Market Reference Rate definition

Market Reference Rate refers to the rates detailed in RBCIS’ FX Standing Instruction Mandate Market Reference Rate document posted on RBCIS’ website (which document may be amended by RBCIS posting a new document on the website);
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Market Reference Rate means a market-based reference rate determined by the Borrower on a semi-annual basis and agreed with the Bank and referred to in paragraph 6 of Section II of the Annex to Schedule 5;
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Examples of Market Reference Rate in a sentence

  • IBR 3M (Indicador Bancario de Referencia) – Market Reference Rate: 12.32%; other collections included, and positive hedging valuation not included.

  • If currency is to be converted, the Market Reference Rate (TRM) for the date of payment will be applied, as published by the Superintendency of Banks, or the agency that replaces it.

  • If an agency or university has an approved Market Reference Rate, new positions can be budgeted at correspondingly higher or lower levels.

  • IBR 3M (Indicador Bancario de Referencia) – Market Reference Rate: 3.42%; other collections included, and positive hedging valuation not included.

  • For example, if a Market Reference Rate 5% above the Journey Market Rate has been approved, positions may be budgeted at 5% above the Contributing, Journey, or Advanced Market Rate.

  • IBR 3M (Indicador Bancario de Referencia) – Market Reference Rate: 10.17%; other collections included, and positive hedging valuation not included.

  • The interest rate applicable to your overdraft is the sum of the Business Market Reference Rate (currently 7.02% p.a.) plus a margin dependent on the security offered.

  • The prices thus fixed may be paid in Colombian Pesos, in which case they will be converted at the Market Reference Rate of Exchange (TRM for its acronym ins Spanish) for US Dollars published by the Colombian Central Bank (Banco de la República) and in force on the date of the respective payment.

  • Islamic Market Reference Rate is calculated by Bloomberg using contributed rates from several local and international banks.

  • The parties will be given a list of the names of the Decision-Makers at least five (5) business days in advance of the hearing.

Related to Market Reference Rate

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Reference Rate means the rate specified as such hereon.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.