Market Reference Rate definition
Market Reference Rate refers to the rates detailed in RBCIS’ FX Standing Instruction Mandate Market Reference Rate document posted on RBCIS’ website (which document may be amended by RBCIS posting a new document on the website);
Market Reference Rate means a market-based reference rate determined by the Borrower on a semi-annual basis and agreed with the Bank and referred to in paragraph 6 of Section II of the Annex to Schedule 5;
Examples of Market Reference Rate in a sentence
The terms governing previous Customer Accounts, regardless of previous agreements, will be superseded and governed by this Agreement.