FBIL definition
Examples of FBIL in a sentence
In case no RBI Reference ▇▇▇▇ has been published on that date by FBIL, the rate published on next following day shall be taken.
Exchange Rate for conversion of USD amount into INR shall be the RBI Reference Rate on B/L Date as published by FBIL.
The following definitions apply throughout this Agreement unless the context otherwise requires “3 – Months Treasury ▇▇▇▇ Linked Benchmark Lending Rate (TBLR)” means reference rate for your loan which is benchmarked to the 3 – Months Treasury ▇▇▇▇ Rate published on a predetermined date by Financial Benchmarks India Private Limited (FBIL) as designated by the Reserve Bank of India from time to time.
Government of India 3 – Months Treasury ▇▇▇▇ yield published by the Financial Benchmarks India Private Limited (FBIL) is the external benchmark rate in accordance with Reserve Bank of India’s circular DBR.DIR.BC.No.14/13.03.00/2019-20 dated September 4 2019, as amended from time to time.
The Borrower(s) agrees and acknowledges that the rate published by FBIL, will be rounded off to the nearest 5 basis points (0.05%) to arrive at the applicable TBLR.
The Borrower agrees and acknowledges that while the current source of T-Bill benchmark rate is FBIL, the Non-Bank Financial Institution at its sole discretion, may at any time for computing the reference Rate of Interest, use rates published by any another indepen dent benchmark administrator as designated by Reserve Non-Bank Financial Institution of India from time to time, with prior notice to the Borrower.
The RBI reference exchange rate of the month would be calculated by taking the average of the RBI reference exchange rates for all the days in the relevant period/ month for which the rate is available on the website of RBI or of the Financial Benchmarks India Pvt Ltd (FBIL).
The following definitions apply t hroughout this Agreement unless the context otherwise requires “3 – Months Treasury ▇▇▇▇ Rate (EBTL)” means reference rate for your loan which is benchmarked to the 3 – Months Treasury ▇▇▇▇ Rate published on a predetermined date by Financial Benchmarks India Private Limited (FBIL) as designated by the Reserve Bank of India from time to time.
The TBLR will be determined by adding a markup (part of premium) to the rate published by FBIL as detailed in the Schedule.
The Borrower agrees and acknowledges that T-Bill rate published by FBIL on a predetermined date as mentioned in Schedule I shall be used as the basis for TBLR adopted by the Non-Bank Financial Institution.