Examples of BBSW Rate in a sentence
When calculating an amount of interest in circumstances where a Fallback Rate other than the Final Fallback Rate applies, that interest will be calculated as if references to the BBSW Rate or AONIA Rate (as applicable) were references to that Fallback Rate.
The BBSW Rate changes to reflect supply and demand within the cash and currency markets.
Interest Rate The aggregate of the BBSW Rate and the Margin,where: BBSW Rate has the meaning given in the Conditions.Margin means for the period from (and including) the Issue Date to (but excluding) to the earlier of the Maturity Date and the Early Redemption Date (if any), 2.600% per annum.
BBSW RateThe BBSW Rate is the rate designated “BBSW” for prime bank eligible securities having a tenor closest to the Interest Period published by ASX (or its successor) on the first day of each Interest Period.
If the BBSW Rate is negative, the Interest Rate will be reduced by taking into account the negative value of that rate in the calculation of the Interest Rate as described above (but there is no obligation on Holders to pay Australian Unity if the rate were to become negative).