Examples of Bank Bill Rate in a sentence
Bank Bill Rate means, for the day of calculation, the average mid rate for bills having a tenor closest to 90 days, as displayed on the "BBSY" page of the Reuters Monitor System on that day.
Late payment will attract an interest charge payable at the Bank Bill Rate plus two percentage points.
Interest accrues daily on each Applied Liquidity Amount advanced or applied under the Liquidity Facility at the Bank Bill Rate for that interest period plus a margin, calculated on days elapsed and a year of 365 days.
Where the Reference Rate is specified in the applicable Final Terms as being “ BBSW”, the Interest Rate applicable to the Floating Rate Notes for each Interest Period is the sum of the Margin and the Bank Bill Rate.
AEMO may charge interest on any overdue amounts, calculated as simple interest on a daily basis at the Bank Bill Rate.