Local Banks means any bank or financial institutions offering Local Credits to any of the Group Companies.
Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Group at the relevant time. The non-capitalized term “local banks” refers to the Local Banks that are members of the Group, as well as the local Crédit Mutuel mutual banks that are members of federations that are not part of the Group.
Local Banks means a non UK bank based in a jurisdiction where the giving of guarantee and bond facilities similar to the Guarantee Facility must be made by a bank located in that jurisdiction, contemplated in clause 15.2.
Examples of Local Banks in a sentence
Overview of CASA CASA, headquartered in Montrouge, France, is the central body of the “Crédit Agricole Network”, which includes essentially CASA, CACIB, the Regional Banks and the Local Banks (as such terms are defined below).
The balance of the borrowings and financing with the BNDES, Local Banks, and ECAs correspond to exclusive markets, and the fair value of these instruments is similar to their carrying amounts.
The “Crédit Agricole Group” includes CASA, all of the Regional Banks and Local Banks and, without duplication, their respective subsidiaries.
Local Banks and micro-finance institutions should work closely with the local administration at this level to encourage the use of their facilities, which will positively impact the growth of the local economies.
From June 1932 to February 1933, the Wall Street Journal reported rates in a manner that looks like bid and asked rates such as “Federal funds 1/2% @ 3/4% [Wednesday], against 3/4% @ 1% Tuesday.”1 per cent for the other principal money centers were a little more comfortably situated than the local market was” (“Excess reserves of Local Banks Reduced to $150,000,000 Level,” May 4, 1937, p.
More Definitions of Local Banks
Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Crédit Mutuel Alliance Fédérale at the relevant time. The non- capitalized term “local banks” refers to the Local Banks that are members of the Crédit Mutuel Alliance Fédérale, together with the local Crédit Mutuel mutual banks that are members of federations that are not part of the Crédit Mutuel Alliance Fédérale.DOCUMENTS INCORPORATED BY REFERENCE The Issuer has incorporated by reference in this Base Offering Memorandum certain information that it has made publicly available, which means that it has disclosed important information to potential investors by referring them to those documents. The information incorporated by reference is an important part of this Base Offering Memorandum. This Base Offering Memorandum should be read and construed in conjunction with the following documents incorporated by reference (the “Documents Incorporated by Reference”), which form part of this Base Offering Memorandum. The Documents Incorporated by Reference are the following:
Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Crédit Mutuel-CM11 Group at the relevant time. The non-capitalized term “local banks” refers to the Local Banks that are members of the Crédit Mutuel-CM11 Group, together with the local Crédit Mutuel mutual banks that are members of federations that are not part of the Crédit Mutuel-CM11 Group.
Local Banks. Depository institutions named by the Servicer and, so long as an Insurer Default shall not have occurred and be continuing, acceptable to the Certificate Insurer, or, if an Insurer Default shall have occurred and be continuing, a Certificate Majority.
Local Banks means Banco Orinoco, acting from its office in Bonaire., The Netherlands Antilles and Banco Orinoco, acting from its office in El Callao, Venezuela or any similar banks nominated by the Venezuelan Companies which banks are reasonably satisfactory to the Administrative Agent.
Local Banks the banks with which the Local Accounts shall be held;
Local Banks means the 2,573 local banks making up part of the Crédit Agricole Group.
Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Group at the relevant time. The non-capitalized term “local banks” refers to the Local Banks that are members of the Group, as well as the local Crédit Mutuel mutual banks that are members of federations that are not part of the Group.FORWARD-LOOKING STATEMENTS This Information Document contains forward-looking statements. Such items in this Information Document include, but are not limited to, statements made under “Risk Factors Relating to the Group and the BFCM Group”. Such statements can be generally identified by the use of terms such as “anticipates”, “believes”, “could”, “expects”, “may”, “plans”, “should”, “will” and “would”, or by comparable terms and the negatives of such terms. By their nature, forward-looking statements involve risk and uncertainty, and the factors described in the context of such forward-looking statements in this Information Document could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. We have based forward-looking statements on our expectations and projections about future events as of the date such statements were made. These forward-looking statements are subject to risks, uncertainties and assumptions about BFCM or the CM11-CIC Group, including, among other things: • The risks inherent in banking activities including credit risks, market and liquidity risks, operational risks and insurance risks; • Risks relating to volatile global market and weak economic conditions, and particularly current economic conditions affecting sovereigns and financial institutions in Europe; • Risks resulting from recent and proposed legislative and regulatory action affecting financial institutions in France, in Europe and globally. • The risk to the Group’s business and profitability if BFCM were no longer to maintain high credit ratings; • The risk that the Group’s risk management policies may not be effective to prevent losses; • The impact of competition on the Group’s business and operations; • Lower revenue generated from brokerage and other commission- and fee-based businesses during market downturns; • The risk to the Group’s liquidity if it is unable to sell assets when needed; • Risks relating to potential changes in interest rates and their impact on profitability; • The Group’s hedging strategies may not prevent losses; • The Group may not be able ...