ECOF definition

ECOF. The inter-bank offer rate for the relevant interest period duly adjusted for the cost of maintaining statutory reserves, liquidity and other statutory requirements of the Lender;
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Examples of ECOF in a sentence

  • The “Reference Rate” means the reference rate per annum from time to time stipulated by the Bank as its lending rate for credit/financing facilities, including but not limited to BLR, BR, ECOF, FDR or KLIBOR as the case may be or such other rate by whatsoever name called as quoted by the Bank wherever applicable from time to time.

  • The ECOF is defined as the cost to the Bank of funding the Facility from whatever source it may select at its absolute discretion plus the cost of maintaining its statutory reserves, liquidity requirements, administrative and other related costs of the Bank as stipulated by the Bank from time to time.

  • Notwithstanding other terms of this Facilities, the interest rate charged by the Bank shall not be less than 0.0% p.a. at any time and the Bank reserves the right to apply the ECOF as a Reference Rate.

Related to ECOF

  • MiFID II means Directive 2014/65/EU on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU,

  • Dynamic driving task means the same as that term is defined in Section 41-26-102.1.

  • Sternlight means a white light placed as nearly as practicable at the stern showing an unbroken light over an arc of the horizon of 135 degrees and so fixed as to show the light 67.5 degrees from right aft on each side of the vessel.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • WOfinal means, in respect of the Valuation Date, the lowest performance (expressed as a percentage) among the Indices as determined by the Calculation Agent in accordance with the following formula: