SELIC Rate definition

SELIC Rate means the rate calculated in the Special Custody and Liquidation System of the Brazilian Central Bank;
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SELIC Rate means the overnight rate of the Brazilian Central Bank ascertained by the Sistema Especial de Liquidação e Custodia (SELIC) (Special System for Clearing and Custody)’
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SELIC Rate is the rate calculated by the weighted and adjusted average of the financial operations over one day, backed by federal government bonds and processed in the Special System for Settlement and Custody - SELIC, expressed as a percentage per year of two hundred fifty-two (252) business days, calculated and disclosed by the Central Bank Information System.
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Examples of SELIC Rate in a sentence

  • In case of delay in the payment of the Consideration, the overdue amount shall be increased by a default fine of three percent and a default interest rate equal to the positive variation of the Selic Rate, from the due date until actual payment of the overdue amount.


More Definitions of SELIC Rate

SELIC Rate means the federal funds rate, as calculated and disclosed by the Brazilian Central Bank.
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SELIC Rate means Brazil’s overnight interbank lending rate calculated as an annualized daily average rate weighted by the volume one-day repurchase transactions backed by government bonds and carried out at the Special Custody and Settlement System (Sistema Especial de Liquidação e Custódia)TN2
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SELIC Rate means, on any date, the target overnight rate of the Special Settlement and Custody System (Sistema Especial de Liquidação e Custódia – SELIC), as published by the Brazilian Central Bank under heading “Taxa Selic – Meta” in its website (xxx.xxx.xxx.xx) on such date.
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SELIC Rate means the taxa referencial do Sistema Especial de Liquidação e Custódia, or, in the event the Selic Rate becomes no longer available, its replacing interest rate used to adjust taxes due to the Brazilian National Treasury.
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SELIC Rate means the adjusted average rate of daily financing calculated in the Special Settlement and Custody System (Selic) for federal bonds released monthly by the Monetary Policy Committee of the Central Bank of Brazil (COPOM) or, upon its extinction, a rate of same nature and purpose as to replace it by means of an infralegal law or norm.
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SELIC Rate means volume-weighted interest rate on one-day financing operations backed by short-term government bonds, as ascertained by the Special Settlement and Custody System (Sistema Especial de Liquidação e Custódia – SELIC), traded in the thirty (30) days preceding the relevant date, maturing in three hundred and sixty (360) days.
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Related to SELIC Rate

  • Scottish basic rate means the rate of income tax of that name calculated in accordance with section 6A of the Income Tax Act 2007;

  • Reference Rate means the rate specified as such hereon.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • 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

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.