Panel Banks definition

Panel Banks means the banks licensed to conduct deposit-taking business and chosen by JTC, from time to time, to provide bank accounts to hold Pooled Money pursuant to the Cash Management Service and “Panel
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Panel Banks means the banks licensed to conduct deposit-taking business and chosen by Minerva, from time to time, to provide bank accounts to hold Pooled Money pursuant to the Cash Management Service and “Panel Bank” means any one of them;
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Panel Banks means the banks on the Australian Financial Markets Association (the “AFMA”) “BBSW Panel” during the Settlement Class Period. Panel Banks include Australia and New Zealand Banking Group Limited, BNP Paribas S.A., Commonwealth Bank of Australia, Deutsche Bank AG, HSBC Bank Australia Limited, JPMorgan Chase Bank N.A., Lloyds TSB Bank plc, Macquarie Bank Limited, National Australia Bank Limited, Royal Bank of Canada, RBS Group (Australia) Pty Limited, UBS AG, Westpac, and Citibank NA.
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Examples of Panel Banks in a sentence

  • The EURIBOR rate is based on the average interest rate set for interbank loans denominated in EUR by about 50 European Banks (so-called Panel Banks).

  • The provision to a Client of a diversified cash management service under which JTC will manage the Client’s money, as agent, by placing it on deposit, pooled with other Clients’ money, at the Panel Banks, upon receipt of an Instruction from time to time in accordance with these Terms.

  • All monies deposited with Panel Banks need to be returned to the Funding 2 Transaction Account at the latest by 10 a.m. (London time) on the immediately following Funding 2 Payment Date.


More Definitions of Panel Banks

Panel Banks the Commonwealth Bank of Australia, Westpac Banking Corporation, Australian and New Zealand Banking Group Limited, National Australia Bank Limited, Bankers Trust Australia Limited, SBC Warburg Australia Limited, ▇▇▇▇▇▇▇ Sachs (Australia) Limited and Macquarie Bank Limited. QUARTER: a period of 3 calendar months ending on 31 March, 30 June, 30 September and 31 December in each year.
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Panel Banks means the banks on the Australian Financial Markets Association (the “AFMA”) “BBSW Panel” during the Settlement Class Period. Panel Banks include
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Related to Panel Banks

  • Banks shall include the Agent in its individual capacity.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • CMS Reference Banks means (i) where the Reference Currency is Euro, the principal office of five leading swap dealers in the inter-bank market, (ii) where the Reference Currency is Sterling, the principal London office of five leading swap dealers in the London inter-bank market, (iii) where the Reference Currency is United States dollars, the principal New York City office of five leading swap dealers in the New York City inter-bank market, or (iv) in the case of any other Reference Currency, the principal Relevant Financial Centre office of five leading swap dealers in the Relevant Financial Centre inter-bank market, in each case selected by the Calculation Agent.

  • Participating Banks means the list of Banks as set out in Table 2 below.