PBOC Rate definition

PBOC Rate means the middle exchange rate of USD/HKD to RMB published on the website of the People’s Bank of China at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇/zhengcehuobisi/ 125207/125217/125925/index.html (or its successor website) before 17:00 (Beijing time) on the relevant day.
View Source
PBOC Rate the benchmark interest rate promulgated the People’s Bank of China for RMB loans
View Source
PBOC Rate means, for any day, the one (1) year USD deposit interest rate for foreign currency deposit established from time to time by The People’s Bank of China. Any change in the PBOC rate (or any component thereof) shall take effect at the opening of business on the day such change occurs”
View Source

Examples of PBOC Rate in a sentence

  • The lease payments are approximately RMB14.5 million (equivalent to approximately HK$17.3 million), including a total interest of approximately RMB1.4 million (equivalent to approximately HK$1.7 million), calculated at the PBOC Rate of compatible maturity period plus a premium and a total of other administrative fee of approximately RMB1.1 million (equivalent to approximately HK$1.3 million).

  • Tranche B maybe either Fixed Rate or floating PBOC Rate plus margin, to be determined at the time of the Tranche B first drawing.

  • If the Co-borrowers misappropriate any or all of the Facility under this Agreement, the PBOC Rate plus 50% - 100% ▇▇▇▇ up shall be levied on all amounts misappropriated.

  • If the PBOC Rate or the WACC differs from the respective values on the date of the Master Qianhai Sailing Cooperation Agreement or the last Adjustment Date (whichever is later) by 10%, either Party may serve a written notice on the other Party proposing an adjustment to the Premium.

  • Unless otherwise expressly stated (or otherwise agreed when a payment is made), if an amount is denominated in Renminbi, and a payment under this Agreement is to be made in US dollars, for the purpose of calculating the US dollars equivalent to be paid by the Purchaser, the US dollars/Renminbi exchange rate to be applied shall be the PBOC Rate for the date that is six (6) Business Days prior to the relevant payment date.


More Definitions of PBOC Rate

PBOC Rate means the RMB benchmark loan interest rate of financial institutions for one-year loan ( 金 融 機 構 人 民 幣 一 年 期 貸 款 基 準 利 率 ) as promulgated by PBOC from time to time;
View Source
PBOC Rate the exchange rate for foreign exchange transactions set daily by the PBOC based on the previous day’s China interbank foreign exchange market rate and with reference to current exchange rates on the world financial markets “PRC GAAP” the PRC Accounting Standards and Accounting Regulations for Business Enterprises and its supplementary regulations “PRC” or “China” the People’s Republic of China. Except where the context requires otherwise in this Listing Document, geographical references in this Listing Document to the PRC or China exclude Hong Kong, Macau and Taiwan “Promoter(s)” the initial promoters of our Company, being GAIG, Wanxiang, CNMIC, Guangzhou Iron & Steel and Guangzhou Chime-Long
View Source
PBOC Rate means the central parity rate of the RMB exchange rate (人民币汇率中间价) published by the People’s Bank of China on its website.
View Source
PBOC Rate the medium exchange rate of Renminbi for foreign exchange transactions published daily by PBOC based on the China inter-bank foreign exchange market closing rate of the previous day and with reference to current exchange rates on the world financial markets “PRC Company Law” (Company Law of China), as enacted by the Standing Committee of the Eighth National People’s Congress of China on December 29, 1993 and effective on July 1, 1994, as the same may be amended, supplemented or otherwise modified from time to time
View Source