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);
Sample 1Sample 2Sample 3
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;
Sample 1

Examples of Market Reference Rate in a sentence

  • The methodology for calculating the MMRR is as follows: MMRRt = 0.6 YCt + 0.4 COFt;where MMRRt = Mortgage Market Reference Rate, in time period t; YCt = the applicable treasury bond yield (60 per cent weighting); and COFt = Cost of Funds (40 per cent weighting).

  • The Guideline introduces the new reference rate– the residential Mortgage Market Reference Rate (MMRR) – which will be computed quarterly by the Central Bank of Trinidad and Tobago based on information supplied by the licensees.

  • We must embrace it.Against this background, we note that the mortgage market has been growing at a rate of 9.5% per annum over the last 4 years, fueled by lower interest rates but ultimately arising from greater access to facilities and increased liquidity.The advent of the Mortgage Market Reference Rate (MMRR) has resulted in some discipline in the pricing of mortgage facilities in the commercial banking sector.

  • The Guideline introduces the new reference rate – the residential Mortgage Market Reference Rate (MMRR) – which will be computed quarterly by the Central Bank of Trinidad and Tobago based on information supplied by the licensees.

  • 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.

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

  • 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.

  • The Administrator failing to receive such notice of prepayment will apply the varied interest rate to all outstanding mortgage balances.Mortgages within the Mortgage Pool are not subject to revisions based on the CBTT Mortgage Market Reference Rate (MMRR).

  • Where any Market Reference Rate set for any Interest Period is less than 0.00%, such Market Reference Rate for such Interest Period shall be equal to 0.00%.

Related to Market Reference Rate

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • 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.

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

  • Reference Rate means the rate specified as such hereon.

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • 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:

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Reset Reference Bank Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period, the percentage rate determined on the basis of the 7-year Mid-Swap Rate Quotations provided by the Reset Reference Banks to the Fiscal Agent at approximately 11:00 a.m. (New York City time) on such Reset Rate of Interest Determination Date. If at least three quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Bank Rate will be the quotation provided. If no quotations are provided,

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • 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.