Technical interest rate definition

Technical interest rate means the rate of interest used by insurance undertakings and branches of foreign insurance undertakings to calculate premiums and technical provisions for life insurance contracts using actuarial methods. The technical interest rate is part of the insurance rate and represents a rate of interest at which the value of future liabilities arising from insurance contracts, calculated using actuarial methods, equals the value of future premiums.
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Technical interest rate means the rate of interest used by the insurance company when calculating the premiums and premium reserve for life and medical insurance policies, and benefit payment reserve for accident and liability insurance policies, where the ceiling rate is specified in specific other legislation;
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Technical interest rate means the interest rate that is applied in calculating the amount of pensions from the Fund for Life-long Pension Payments Doverie.
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Examples of Technical interest rate in a sentence

  • Technical interest rate and mortality tableThe pension institution’s rate includes- for Branch 21 group life insurance: a technical interest rate and a mortality table according to the insurance combination;- charges to pay for the pension institution's implementation of the pension commitment and where appropriate to cover the intermediary who is involved in the pension commitment's implementation by the organiser.

  • Technical interest rate is 1.9 %, rate of return from company’s assets is 3 %, risk discount rate is2.5 % and rate of inflation is 1.4 %.So we are going to realise profit test of term insurance with decreasing sum assured, where sum assured is sum of outstanding part of the loan, yearly interest and expenses 50 € for manag- ing the loan account, i.

  • If we fail at any time to exercise any of the foregoing rights, that failure to exercise shall not constitute a waiver of those rights.

  • We are sending two welding projects to the regional Skills USA competition and we have high hopes they will move forward to the national level.

  • EDUCATION AND TRAININGEvery covered employee will receive a copy of this policy and will have ready access to the corresponding federal regulations including 49 CFR Parts 655 and 40, as amended.

  • Starting from 1.1.2022 the regulatory conversion rates of Fondazione are based on the following technical bases: • Technical interest rate: 2.25% • Mortality table: LPP 2020 generational of the year 2022.

  • Technical interest rate: interest rate used by the Insurer for calculations of insurance premiums; the technical interest rate is incorporated in insurance products and represents the rate of evaluation of the premium reserve, to which the policy holder is contractually entitled.

  • Technical interest rate currently valid in the Slovak Republic is 0.7 % p.

  • The account would be targeted for the purpose of saving money for upcoming equipment purchases, bridge work and road work.

  • In the case where any such restriction applies, you are responsible for informing yourself in respect of the same and for observing any such restrictions which are applicable to your possession and/or dissemination of all or any part of the Available Information at your own expense and without liability to Lab Astral.

Related to Technical interest rate

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Component Interest Rate Not applicable.

  • Stated Interest Rate means with respect to (i) the Class AA Certificates, 3.15% per annum, (ii) the Class A Certificates, 3.50% per annum and (iii) the Class B Certificates, 3.85% per annum.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).