SELIC definition

SELIC means the base interest rate of Sistema Especial de Liquidação e de Custódia – SELIC, as administered by the Central Bank of Brazil, or any other index that may replace it.
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SELIC means, as of any date, the interest rate published on such date by the Central Bank based on the average rate of financing transactions registered in the Clearing and Custody System (Sistema Especial de Liquidação e Custódia - SELIC).
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SELIC means the rate assessed by the Brazilian Special Liquidation and Custody System (Sistema Especial de Liquidação e Custódia) – SELIC, published by the Central Bank of Brazil, obtained by calculating the adjusted weight average rate of one-day financing operations, backed by public federal bonds and traded in such system.
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Examples of SELIC in a sentence

  • None Brazil Citibank, N.A., Sao Paulo Companhia Brasileira de Liquidaco e Custodia (CBLC) Center for the Custody and Financial Settlement of Securities (CETIP) Special Settlement and Custody System (SELIC) Bulgaria ING Bank ▇▇▇▇▇ ▇▇▇▇▇▇ The Central Depository Bulgarian National Bank Burkina Faso Societe Generle de Banques Cote d'Ivoire, Abidjan Depositaire Central/Banque de Reglement (DCBR) Canada Royal Bank of Canada, Toronto Canadian Depository for Securities, Ltd.

  • The delay in payment the burden foreseen in the clause will imply in the charge of an interest on arrears fine in the amount of 0.33% per day, up to the limit of 10% (ten per cent), added by the referential tax SELIC for Federal titles, to be applied on the value of the debt considering every day the payment is delayed.

  • CHESS RITS Poland CRBS NDS Austria OeKB AG Portugal Central de Valores Mobiliarios Bahrain None Romania NBR SNCDD Stock Exchange Registry, Clearing & Settlement Bangladesh None Russia DCC NDC VTB Belgium BKB CIK Singapore CDP MAS Bermuda None Slovak Republic NBS SCP Botswana None Slovenia KDD Brazil CBLC CETIP SELIC South Africa STRATE The Central Depository (Pty) Ltd.

  • Bank of Botswana Brazil Citibank NA Companhia Brazileira de Liquidacao e Custodia (CBLC) SELIC system CETIP system or CBLC Bulgaria ING Bank N.V. Central Depository AD (CDAD) Bulgaria National Bank (BNB) Canada (depository securities) The Northern Trust Company, Canada Canadian Depository for Securities Ltd.

  • None Brazil BankBoston, N.A., Sao Paulo Companhia Brasileira de Liquidaco e Custodia (CBLC) Center for the Custody and Financial Settlement of Securities (CETIP) Special Settlement and Custody System (SELIC) Bulgaria ING Bank ▇▇▇▇▇ ▇▇▇▇▇▇ Tzentralen Depozitar AD Bulgarian National Bank Burkina Faso Societe Generle de Banques Cote d'Ivoire, Abidjan Depositaire Central/Banque de Reglement (DCBR) Canada Royal Bank of Canada, Toronto Canadian Depository for Securities, Ltd.


More Definitions of SELIC

SELIC means the rate assessed by the Brazilian Special Liquidation and Custody System (Sistema Especial de Liquidação e Custódia) – Selic, published by the Central Bank of Brazil, obtained by calculating the adjusted weight average rate of one-day financing operations, backed by public federal bonds and traded in such system;
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SELIC means interest computed in accordance with the interest rate of the Sistema Especial de Liquidação e Custódia, as published from time to time by Brazilian Council of Monetary Policy (Comite de Politica Monetaria); in the event that SELIC ceases to exist, it shall be replaced by the interest rate which officially replaces it in Brazil or, if no interest rate officially replaces SELIC in Brazil, it shall be replaced by the Brazilian interest rate which is closest to the concept of SELIC;
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SELIC means the rate assessed by Selic, obtained by calculating the adjusted weighted average rate of one-day financing operations, backed by public federal bonds and traded in such system or in clearance houses and liquidation of assets as committed operations.
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SELIC means the financing rate in the interbank market for transactions of one day or overnight backed by federal government securities and carried out in the SELIC - Brazilian Special Clearance and Escrow System or any other rate that may replace it.
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SELIC means the monthly weighted average rate and adjusted for financing transactions, backed by federal public bonds established in the Special Settlement and Custody System, defined and calculated by the Central Bank of Brazil and published by SISBACEN.
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SELIC means the rate determined in the Special Liquidation and Custody System (SELIC) and obtained upon the calculation of the weighted and adjusted average rate of the financing operations for one day, guaranteed by public federal bonds and run in the referred system or in assets clearing and liquidation houses, by way of committed operations.
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SELIC. Security Equity Life Insurance Company, the issuer of this Contract, also referred to as the "Company".
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