SHIBOR definition
Examples of SHIBOR in a sentence
For financing transactions, (i) in terms of interbank lendings and interbank market repurchases, they are variably quoted based on SHIBOR of the National Interbank Funding Center and the time-weighted rate of repurchase at the front office along with certain factors, such as assessment of prevailing capital adequacy, the credit quality of counterparties and the quality of collaterals, such as pledged bonds.
If any uncontested amount properly due and payable to a Party under this Agreement is overdue, then the paying Party will also pay interest on the unpaid amount accrued at the annual rate of RMB SHIBOR (Shanghai Interbank Offered Rate) 3 months plus [*] from the date of payment was due, prevailing on to the last business day of the month preceding the month in which such sales are recorded.
SHIBOR means the Shanghai Interbank Offered Rate as published on ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇, by China Foreign Exchange Trade System & National Interbank Funding Centre under the authorisation of the People's Bank of China, at around 11.30 a.m., Beijing time on each business day, including 8 critical terms, i.e. O/N, 1W, 2W, 1M, 3M, 6M, 9M, 1Y, each representing the rate for the corresponding period.
In terms of inter-bank lending and borrowing and repurchases, they are variably quoted based on SHIBOR of the National Interbank Funding Center and the time-weighted rate of repurchase at the front office along with certain factors, such as assessment of prevailing capital adequacy, the credit quality of counterparties and the quality of collaterals, such as pledged bonds.
In such case, and without prejudice to ▇▇▇▇▇’▇ right under any contract or law, ▇▇▇▇▇ shall be entitled to (i) suspend (further) deliveries and/or (ii) charge interest on the overdue amount at the rate of 5% (five per cent) per annum above the SHIBOR rate, subject to a minimum of 0% (zero per cent) as published by the National Interbank Funding Center in Shanghai by time to time, until the date of receipt of all outstanding payments.