SELIC Rate definition
SELIC Rate means the rate calculated in the Special Custody and Liquidation System of the Brazilian Central Bank;
SELIC Rate means the overnight rate of the Brazilian Central Bank ascertained by the Sistema Especial de Liquidação e Custodia (SELIC) (Special System for Clearing and Custody)’
SELIC Rate is the rate calculated by the weighted and adjusted average of the financial operations over one day, backed by federal government bonds and processed in the Special System for Settlement and Custody - SELIC, expressed as a percentage per year of two hundred fifty-two (252) business days, calculated and disclosed by the Central Bank Information System.
Examples of SELIC Rate in a sentence
The aggregate consideration for the Transferred Equity Interests, the Notes, the Note Purchase Agreements and the Equalization Agreement shall be (a) an amount in cash equal to the Dollar Equivalent as of the Closing Date of (i) R$27.000.000,00 (the “Asset Price”), adjusted by (ii) the SELIC Rate from the date of this Agreement until payment in full (the “Purchase Price”), and (b) the assumption of the Assumed Liabilities.
More Definitions of SELIC Rate
SELIC Rate means the federal funds rate, as calculated and disclosed by the Brazilian Central Bank.
SELIC Rate means the adjusted average rate of daily financing calculated in the Special Settlement and Custody System (Selic) for federal bonds released monthly by the Monetary Policy Committee of the Central Bank of Brazil (COPOM) or, upon its extinction, a rate of same nature and purpose as to replace it by means of an infralegal law or norm.
SELIC Rate means volume-weighted interest rate on one-day financing operations backed by short-term government bonds, as ascertained by the Special Settlement and Custody System (Sistema Especial de Liquidação e Custódia – SELIC), traded in the thirty (30) days preceding the relevant date, maturing in three hundred and sixty (360) days.
SELIC Rate means Brazil’s overnight interbank lending rate calculated as an annualized daily average rate weighted by the volume one-day repurchase transactions backed by government bonds and carried out at the Special Custody and Settlement System (Sistema Especial de Liquidação e Custódia)TN2
SELIC Rate means the taxa referencial do Sistema Especial de Liquidação e Custódia, or, in the event the Selic Rate becomes no longer available, its replacing interest rate used to adjust taxes due to the Brazilian National Treasury.
SELIC Rate means, on any date, the target overnight rate of the Special Settlement and Custody System (Sistema Especial de Liquidação e Custódia – SELIC), as published by the Brazilian Central Bank under heading “Taxa Selic – Meta” in its website (▇▇▇.▇▇▇.▇▇▇.▇▇) on such date.