Notice Money definition

Notice Money means borrowing or lending in unsecured funds for tenors up to and inclusive of 14 days excluding overnight borrowing or lending;
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Notice Money means deals in funds for 2 to 14 days.
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Notice Money means deals in funds for 2 – 14 days. • “Term Money” means deals in funds for 15 days-1 year. Participants Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs), are permitted to participate in call/notice money market both as borrowers and lenders. Commercial Paper: • Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. CP, as a privately placed instrument, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors. • Individuals, banking companies, other corporate bodies (registered or incorporated in India) and unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) etc. can invest in CPs. However, investment by FIIs would be within the limits set for them by SEBI from time-to-time. Who is permitted to issue CP: Subsequently, primary dealers (PDs) and all-India financial institutions (FIs) were also permitted to issue CP to enable them to meet their short-term funding requirements. However the corporate issuing CP should meet the following conditions 1. The tangible net worth of the company, as per the latest audited balance sheet, is not less than Rs.4 crore; 2. The company has been sanctioned working capital limit by bank/s or FIs; and 3. The borrowal account of the company is classified as a Standard Asset by the financing bank/institution. 4. The minimum credit rating shall be ‘A3’ as per rating symbol and definition prescribed by SEBI. Minimum and maximum period of maturity: CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.
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Examples of Notice Money in a sentence

  • Provident / pension funds, though present, are not active players.The Money MarketThe money market can be classified into two broad categoriesThe market for clean borrowing/lending without backing of any collateral:• Call Money: The market for overnight borrowing/lending.• Notice Money: The market for borrowing/lending from 2 days to a fortnight.• Term Money: The market for borrowing/lending from a fortnight to six months.

  • Notice Money - The money that is lent for one day in money market is known as call money and if it exceeds one day, it is known as notice money.

  • Development of Inter-bank Call and Notice Money Market: The call and notice money market is an inter-bank market the world over and therefore the Narsimham Committee has recommended that we adopt the same in India.

  • Primary Dealers Call and Notice Money: (i) 225% of Net Owned Fund (NOF) as at the end of the previous financial year on a daily average basis in a reporting fortnight.

  • Money Market Instruments - include Commercial Papers, Commercial Bills, Treasury Bills, Government Securities having an un- expired maturity up to one year, Call or Notice Money, (Call and Notice Money Market refers to the market for short term funds including overnight funds.

  • When money is borrowed or lent for more than a day and up to 14 days, it is "Notice Money".

  • Multiple dwelling units stacked vertically, directly above or below, do not require separate and independent connections, but each vertical column of dwelling units must be separately and independently connected to a public water supply and sewer system respectively if available.

  • When the money is borrowed or lent for more than a day up to 14 days it is called Notice Money.

  • This represents the second line of defense to the bank.2. Money at Call and Short Notice: Money at call and short notice includes loans to the brokers in the stock market, dealers in the discount market and to other banks.

  • MONEY MARKETCall/ Notice Money Market5.3 Call/notice money market activity during 2002-03 was dominated by shifts in liquidity conditions.

Related to Notice Money

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • In-the-Money means, in respect of any Component, that the Relevant Price on the Expiration Date for such Component is greater than the Strike Price for such Component.

  • Purchase Money Indebtedness means (a) any indebtedness incurred for the payment of all or any part of the purchase price of any fixed asset, including indebtedness under capitalized leases, (b) any indebtedness incurred for the sole purpose of financing or refinancing all or any part of the purchase price of any fixed asset, and (c) any renewals, extensions or refinancings thereof (but not any increases in the principal amounts thereof outstanding at that time).

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property. Purchasing Bank shall mean a Bank which becomes a party to this Agreement by executing an Assignment and Assumption Agreement.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Purchase Money Obligations means any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

  • Public money means any funds or money obtained from any governmental entity, including, but not limited to, research grants.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof, in an aggregate principal amount outstanding at any one time not in excess of $5,000,000.

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Company or any Subsidiary of the Company to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Retention Money means the aggregate of amount retained by the Employer as Security Deposit.

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);