MosPrime Rate definition
MosPrime Rate means a reference rate at which ▇▇▇▇▇ loans (deposits) are offered on the Moscow market (Moscow Prime Offered Rate) in terms of percentage rate per annum that is set by the NATIONAL FOREIGN EXCHANGE ASSOCIATION (NFEA) and published on the Reuters service special pages every business day at (or about at) 12:31 p.m. Moscow time;
MosPrime Rate means the rate of annual interest, published on the MOSPRIME1 page of ▇▇▇▇▇▇ display, established for deposits for a period, equal to the Credit period, approximately as of 12:30 p.m. (by Moscow time) on the first business day of a relevant interest period; herewith, if publishing of rates on the MOSPRIME1 page of ▇▇▇▇▇▇ display is ceased and ZAO KB Citibank does not choose an another page or service, publishing the MOSPRIME rate, the MOSPRIME rate shall mean the rate of annual interest, established for ZAO KB Citibank with respect to the costs of receiving by it of the specified deposits in Russian rubles, offered for the relevant interest period by the following five banks, operating in the Russian inter-bank market: The Royal Bank of Scotland ZAO, OAO Bank VTB, OAO Sberbank of Russia, OOO HSBS Bank (RR), ZAO Raiffeisen Bank and ZAO UniCredit Bank, approximately as of 12:30 p.m. (by Moscow time) at the first business date of a relevant interest period. If at least three deposit price quotations are provided, the rate as of the present day will be equal to the arithmetic average of these quotations. If less than three deposit price quotations can be provided, the rate for this day will be equal to the rate of annual interest, established by ZAO KB Citibank with respect to the costs of receiving by it of the specified deposits during the relevant period of any reasonably chosen by it sources; and
Examples of MosPrime Rate in a sentence
The Contract shall have the following title: Three-Month MosPrime Rate Futures Contract.
The rate of the ▇▇▇▇▇ three-month rate (deposit) on the Moscow Inter-Bank Market MosPrime defined in the Regulation on Forming the Index Rate of Providing ▇▇▇▇▇ Credits (Deposits) on the Moscow Market MosPrime Rate – Moscow Prime Offered Rate, approved by the National Currency Association (hereinafter “the Rate”) shall be the underlying asset of the Contract.