Bank Reference Rate definition

Bank Reference Rate means the prevailing market rate for a pair of currencies determined by the Bank at the relevant time on the basis of or with reference to the information or quotation obtained by the Bank from its internal department carrying out treasury function or received by the Bank from an external information agency as the Bank may in its sole and absolute discretion select from time to time.
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Bank Reference Rate means JPMorgan Chase Bank, N.A.’s reference rate for Pounds Sterling, being the rate time to time set by JPMorgan Chase Bank, N.A.’s based on various factors including JPMorgan Chase Bank, N.A.’s cost of funds, desired return and general economic conditions and which is used a reference point for pricing loans made by it in Pounds Sterling.
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Bank Reference Rate means the rate of interest publicly announced by the Bank as its prime rate. The prime rate is set by the Bank based on various factors, including the Bank's cost and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. The Bank may price loans to its customers at, above, or below the prime rate. Any change in the prime rate will take effect at the opening of business on the day specified in the Bank's public announcement of a change in the prime rate.
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Examples of Bank Reference Rate in a sentence

  • ITB 32.1 The currency that shall be used for bid evaluation and comparison purposes to convert all bid prices expressed in various currencies into a single currency is: INR The source of exchange rate shall be the RBI (Reserve Bank of India, India’s Central Bank) Reference Rate as published on the RBI website for the following currencies: a.

  • If any UK Lender has not transferred its full Pro Rata Share of a UK Borrowing to the UK Agent in immediately available funds and the UK Agent has transferred a corresponding amount to the UK Borrower on the Business Day following such Funding Date that UK Lender shall make such amount available to the UK Agent, together with interest at the Bank Reference Rate for that day.

  • If and to the extent the UK Borrower have not made such payment in full to the Responsible Agent, each UK Lender (including the UK Fronting Lender as fronting lender for the UK Revolver Participants) shall repay to the UK Agent on demand such amount distributed to such UK Lender, together with interest thereon at the Bank Reference Rate for each day from the date such amount is distributed to such UK Lender until the date repaid.

  • The Board hereby acknowledges and agrees that the Superintendent may continue with her teaching responsibilities at the College / University Level, and some infrequent professional development/grant writing consulting, as long as the daily operations of running the school district are not impacted.

  • Effective March 11, 1991, the interest rate is amended from three-quarters of a percent (.75%) to One and Three Eights percent (1.375%) per annum in excess of the Union Bank Reference Rate.

  • If and to the extent the UK Borrower have not made such payment in full to the UK Agent, each UK Lender shall repay to the UK Agent on demand such amount distributed to such UK Lender, together with interest thereon at the Bank Reference Rate for each day from the date such amount is distributed to such UK Lender until the date repaid.

  • Borrower shall pay interest on the unpaid principal amount of each Advance from and including the date of such Advance to but excluding the date such principal is paid in full, payable on the first day of each month, at an interest rate per annum equal to the First Bank Reference Rate (as defined below) plus 0.75% with each change in the interest rate to take effect simultaneously with the corresponding change in the First Bank Reference Rate.


More Definitions of Bank Reference Rate

Bank Reference Rate means the rate of interest announced by the Bank from time to time at its corporate headquarters as its Reference Rate. The effective date of any change in the Bank's Reference Rate shall be the date of the public announcement of such change. The Reference Rate is an index rate determined by the Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest charged by the Bank at any given time.
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Related to Bank Reference Rate

  • Term ▇▇▇▇▇ Reference Rate means the forward-looking term rate based on ▇▇▇▇▇.

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • 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 Reference Rate means, in respect of any U.S. Government Securities Business Day, a reference rate equal to the daily secured overnight financing rate (“SOFR”) for such U.S. Government Securities Business Day as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) on the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website of the Federal Reserve Bank of New York or successor administrator (on or about 8:00 a.m., New York City time, on the U.S. Government Securities Business Day immediately following such U.S. Government Securities Business Day).

  • Reference Rate means the rate specified as such hereon.