Negative Interest definition

Negative Interest means a loan with an interest rate at less than zero percent. The repayment schedule for loans having a negative interest rate will be prepared by the Drinking Water Board.

Negative Interest means the amount of interest that you owe us when an applicable reference rate for credit balances on an Account with us, either alone or together with any appli- cable margin has fallen below zero. Such rate may at our election (in our absolute discretion) apply only to credit balances above a threshold notified to you or Customers generally which we may change in our absolute discretion at any time on notice to you or Customers generally (as the case may be);

Negative Interest means the amount of interest that You owe Us when an applicable reference rate for credit balances with Us has fallen below zero;

Examples of Negative Interest in a sentence

• If the amount of money standing to the credit of the Account is not enough to pay in full a Negative Interest Amount due to us (the amount of such shortfall being the “Shortfall Amount”) you agree to pay the Shortfall Amount within three Banking Days of the due date for payment of the corresponding Negative Interest Amount (or on our demand).

• For so long as negative interest applies, the Negative Interest Amount will be due from you on a monthly basis on a date we set.

• SCMs should note the provisions of section 3.3 of Part A of the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House's website regarding the applicability of the Negative Interest Rate Method to a SwapClear Contract.

• FCM Clearing Member should note the provisions of Section 3.2 of Part A of Schedule 1 to the FCM Product Specific Contract Terms And Eligibility Criteria Manual regarding the applicability of the Negative Interest Rate Method, to an FCM SwapClear Contract.

• This Annex shall be deemed to be a “Protocol Covered Collateral Agreement” for the purposes of the ISDA 2014 Collateral Agreement Negative Interest Protocol published on 12 May 2014 by ISDA (the “Negative Interest Protocol”), solely in respect of the Extension Calculation Period, if any.

• For so long as negative interest applies, the Negative Interest Amount will be due from you on a monthly basis on a date we determine and you will be obliged to pay us the Negative Interest Amount in full and on time.

• You permit us to deduct and withdraw any Negative Interest Amount from your Account and the balance on the Account shall be reduced as a result.

• For so long as negative interest applies to your Account, you agree to keep enough money in your Account to pay each Negative Interest Amount in full and on time.

• For the purposes of Paragraph 5(c), neither Party A nor Party B shall be required to transfer Equivalent Distributions or Interest Amounts, save in relation to any AV Negative Interest Amount in respect of the Extension Calculation Period.

• FCM Clearing Member should note the provisions of Section 3.2 of Part A of Schedule 1 to the FCM Product Specific Contract Terms and Eligibility Criteria Manual regarding the applicability of the Negative Interest Rate Method to an FCM SwapClear Contract.

More Definitions of Negative Interest

Negative Interest means the amount of interest that You owe Us when an interest reference rate for calculating Credit Interest on credit balances with Us has fallen below zero;

Negative Interest means the interest we are charged by the European Central Bank on Euro Balances. As all Euro funds are held in Safeguarded funds guaranteed by the European Central Bank we are charged Negative Interest for all Euro funds held at the close business each date based on the European Central bank base rate which is variable and annualised.

Negative Interest has the meaning attributed thereto in Clause 4.3.

Negative Interest means any negative interest amount that has to be paid by the Company to the Escrow Agent on the funds held in the Escrow Account.