Official Dealing Rate definition

Official Dealing Rate means the yearly rate of interest announced by the Monetary Policy Committee of the Bank of England (and from time to time in force) as the official dealing rate, being the rate at which the Bank of England is willing to enter into transactions for providing short term liquidity in the money markets;
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Official Dealing Rate means the yearly rate of interest announced by the Monetary Policy Committee of the Bank of England (and from time to time in force)
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Official Dealing Rate means the yearly rate of interest announced by the Monetary Policy Committee of the Bank of England (and from time to time in force)
Sample 1

Examples of Official Dealing Rate in a sentence

  • The Carrier shall be entitled to charge interest at 2.5% above the prevailing Official Dealing Rate of the Bank of England calculated on a daily basis on all overdue amounts.

  • Charges shall be payable on the expiry of any time limit notified to the Customer (whether on any invoice or otherwise) or failing such notification 30 days after the date of the relevant invoice and the Carrier shall be entitled to interest at 8% above the Official Dealing Rate of the Bank of England for the time being calculated on a daily basis on all amounts overdue to the Carrier.

  • Charges shall be payable on the expiry of any time limit notified to the Customer (whether on any invoice or otherwise) or failing such notification 30 days after the date of the relevant invoice and the Carrier shall be entitled to interest at 5% above the Official Dealing Rate of the Bank of England for the time being calculated on a daily basis on all amounts overdue to the Carrier.

  • If you do not pay us within 30 days of invoice date, we will be entitled to charge you interest at the rate of 8% above the Official Dealing Rate of the Bank of England calculated in a daily basis on all amounts overdue by you.

  • This quarter has experienced weakening across all investment activity types.

  • However, statutory payments or any such other statutory requirements to the successful Contractor shall be made subject to furnishing of proof of documentary evidence of such payments to the concerned authorities of the outsourced persons every month without fail and before submitting bills for the subsequent months.

  • This Order, made under section 6 of the Act, sets the rate of statutory interest which may be claimed.The variable rate is set at the Official Dealing Rate of the Bank of England + 8 per cent (article 3).

  • On all amounts overdue to the Company, the Company shall be entitled to interest, calculated in accordance with the Late Payment of Commercial Debts (Interest) Act 1998, at 8% above the prevailing Official Dealing Rate of the Bank of England during the period that such amounts are overdue.

  • The Carrier shall be entitled to charge interest at 3 .5% above the prevailing Official Dealing Rate of the Royal Bank of Scotland calculated on a daily basis on all overdue amounts.

Related to Official Dealing Rate

  • Official Image means an electronic image of an Eligible Bill, either created in accordance with the provisions of this Agreement or that otherwise complies with the requirements to permit negotiation and clearing of that Eligible Bill in accordance with the by-laws, standards, and Rules of the Canadian Payments Association.

  • Official proceeding means any proceeding before a legislative, judicial, administrative, or other governmental agency or official authorized to take evidence under oath and includes any proceeding before a referee, hearing examiner, commissioner, notary, or other person taking testimony or a deposition in connection with an official proceeding.

  • Official Journal means the Official Journal of the European Union;

  • Applicable Public Official or State Employee means any public official or state employee described in

  • Official device means a stamping applicance, branding device, stencil, printed label, or any other mechani- cally or manually operated tool that is approved by the Administrator for the purpose of applying any official mark or other identification to any product or the packaging material thereof.A

  • Official written order means an order written on a form provided for that purpose by the United

  • Official ballot means the ballots distributed by the election officer to the poll

  • Official use means use by an employee, agent, or designated representative of the Federal Government or one of its contractors in the course of his employment, agency, or representation.

  • Official mark means the grademark and any other mark, or any variations in such marks approved by the Administrator and authorized to be affixed to any product, or affixed to or printed on the packaging material of any product, stating that the product was graded, or indicating the appro- priate U.S. grade or condition of the product, or for the purpose of main- taining the identity of products graded under this part, including but not lim- ited to, those set forth in § 56.36.

  • Overnight LIBOR Rate means, in relation to any Loan in a LIBOR Quoted Specified Alternative Currency for any day, a rate per annum equal to the London Interbank Offered Rate (“LIBOR”) for such currency or, if such rate is not available, a comparable or successor rate which rate is reasonably selected by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m. (London time) for an amount comparable to the amount of that Loan on such day for overnight deposits in the relevant currency, and, if any such applicable rate is below zero, the Overnight Libor Rate for such day will be deemed to be zero; provided, that, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

  • Official certificate means any form of certification, either written or print- ed (including that prescribed in § 58.18) used under the regulations in this sub- part to certify with respect to the in- spection of dairy processing plants and the inspection, class, grade, quality, size, quantity, or condition of products (including the compliance of products and packaging material with applica- ble specifications).

  • Official fees means the fees required by law to be paid to the appropriate public officer for obtaining any permit or filing or recording or releasing any judgment, mortgage, or other lien or perfecting any security interest taken or reserved as security in connection with a home improvement installment contract.

  • Official map means a map drawn by municipal authorities and recorded in

  • Official Gazette means the Official Gazette of the Government;

  • Criminal justice agency means (i) a court or any other governmental agency or subunit thereof

  • Official action means a decision, recommendation, approval, disapproval or other action or failure to act which involves the use of discretionary authority.

  • Reference Dealer Rate means with respect to the Reference Dealers and the Make Whole/Three- Month Par Call Optional Redemption Date, the average of the five quotations of the mid-market annual yield to maturity of the Reference Stock or, if the Reference Stock is no longer outstanding, a similar security in the reasonable judgment of the Reference Dealers, at the Determination Time and on the Determination Date in each case specified in the applicable Final Terms, quoted in writing to the Issuer by the Reference Dealers; and

  • Official sample means a sample of feed taken by the director in accordance with section 7. (ee) "Percent" or "percentage" means the percentage by weight.

  • Official Seal means the original(s) of the VA seal showing the exact form, content, and colors thereof.

  • Official stamp means a physical image affixed to or embossed on a tangible record or an electronic image attached to or logically associated with an electronic record.

  • Preliminary Official Statement means the Preliminary Official Statement relating to

  • Official act or "official action" means a vote, decision, recommendation, approval, disapproval, or other action, including inaction, that involves the use of discretionary authority.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Official compendium means the official United States Pharmacopoeia National Formulary, official

  • Criminal street gang-related offense means any felony or