Panel Bank definition

Panel Bank means a bank with a place on the administrator of LIBOR’s panel (the BBA’s panel during the Relevant Period) for contributing LIBOR submissions in one or more currencies;

Panel Bank means a supervised entity that contributes Input Data to NoRe located within the European Economic Area that meets the criteria for inclusion on the Benchmarks panel as is either:• a credit institution as defined in point 1 of Article 4(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council;• an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU;• an insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council.

Panel Bank means a bank with a place on the BBA panel for contributing LIBOR submissions in one or more currencies.

Examples of Panel Bank in a sentence

• Although the World Bank continues to claim immunity from legal liability for the adverse impacts of its projects, parallel to the setting up of the Panel, Bank management began to convert operational directives and policies which were binding on the staff into ‘non-mandatory recommendations’ or ‘Best Practices’—which would render them ‘Panel-proof’ by placing them beyond the jurisdiction of the Inspection Panel.

• Calculation of the rates may also be delayed up to 11:15 a.m. (CET) to allow the Calculation Agent to re-confirm Panel Bank contributions, which have been flagged based on the execution of pre-calculation checks designed to detect potential data errors.

• While EMMI does not mandate that Panel Banks employ a particular model or type of analysis in using data from these other markets, in making such determinations, each Panel Bank should reflect its own particular circumstances, business patterns, funding and liquidity management, and the differentiation in market drivers between each Defined Tenor, while observing the General Principles given below.BMR 12, 1(b)RTS 11, 2.146.

• The Panel Bank has at least one Qualifying Non-Standard Maturity Transaction; andb.

• Otherwise the Panel Bank contribution is excluded and EURIBOR is published at 11:15 a.m. (CET).

More Definitions of Panel Bank

Panel Bank means each bank awarded with the reference bank status in accordance with the CNB Notification which submits data for calculation of PRIBOR.

Panel Bank means a bank with a place on the panel of the administrator of LIBOR (the British Bankers’ Association, during the Relevant Period) for contributing LIBOR submissions in one or more currencies;

Panel Bank means a contributing bank, other than Deutsche Bank, with a place on the BBA panel for contributing LIBOR submissions in one or more currencies, or a place on the EBF panel for contributing EURIBOR submissions.

Panel Bank means a bank with a place on the administrator of LIBOR’s panel (the BBA’s panel during the Relevant Period) for contributing LIBOR submissions in one or more currencies. Panel Banks 3, 4, 5 and 6 are specifically referred to in this Notice and correspond with Panel Banks 3, 4, 5 and 6 in the RBS Final Notice;

Panel Bank means a bank other than UBS with a place on the BBA panel for contributing LIBOR submissions in one or more currencies, or a place on the EBF panel for contributing EURIBOR submissions. Five Panel Banks are referred to in this Notice, from Panel Bank 1 to 5.

Panel Bank has the meaning given to that term in the Panel Bank Guidelines;

Panel Bank means a contributing bank, other than RBS, who submitted LIBOR to the BBA in one or more currencies. Six Panel Banks are specifically referred to in this notice, from Panel Bank 1 to 6.