the BBSY definition

the BBSY for a day means the interest rate quoted as the three (3) month Australian Bank ▇▇▇▇ ▇▇▇▇ Bid Rate on the BBSY page by Reuters Information Service as at 10.00am on that day or, if the BBSY is not quoted on that day, at 10.00am on the last prior day on which it was quoted;
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the BBSY for a day means the interest rate quoted as the three (3) month Australian Bank Bill Swap Bid Rate on the BBSY page by Reuters Information Service as at
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Examples of the BBSY in a sentence

  • An additional margin reflecting any movement in the Bank ▇▇▇▇ Swap Rate - Average Bid since its quotation on the BBSY screen of Reuters may be applied if your bills are not ready for acceptance by us by 12 noon on the day the bills are to be rolled.

  • The Bank ▇▇▇▇ Swap Rate - Average Bid is quoted on the BBSY screen of Reuters on the day the quote is given and advertised in the Australian Financial Review the following business day.

  • Notwithstanding anything to the contrary herein, to the extent that Term SOFR, the CDORTerm ▇▇▇▇▇ Rate, the ▇▇▇▇▇ ▇▇▇▇, the BBSY Rate or the EURIBOR Rate and/or the Alternate Base Rate is not applicable to or available with respect to a Revolving Loan to be denominated in an Alternate Currency, the interest rate components applicable to such Alternate Currency shall be separately agreed by the Lead Borrower and the Administrative Agent.

  • Interest under this clause accrues daily and compounds on the last day of the calendar month, at the rate of four per cent (4%) per annum above the BBSY from the day payment should have been paid to the day of actual payment.

  • Each determination by the Australian Operating Facility Lender of the BBSY applicable from time to time during an Interest Period, in the absence of manifest error, shall be prima facie evidence thereof.

  • With respect to the Australian Revolving Loans, all references in this Agreement to "LIBO Rate" and "LIBOR" shall be deemed to be references to the "BBSY Rate" (unless stated otherwise).

  • The Revolving Loans that are denominated in Australian Dollars and comprise each BBSY Revolving Loan shall bear interest at the BBSY Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

  • The effective rate paid on the funds for the term of the FRA is equivalent to the FRA interest rate plus the Bank Bill margin payable above the BBSY rate (6.90% in our example).

  • With respect to the Australian Revolving Loans, all references in this Agreement to "LIBO Rate" and "LIBOR" shall be deemed to be references to the "BBSY Rate".

  • Notwithstanding anything to the contrary herein, to the extent that the LIBO RateTerm SOFR, the CDOR Rate, the ▇▇▇▇▇ ▇▇▇▇, the BBSY Rate or the EURIBOR Rate and/or the Alternate Base Rate is not applicable to or available with respect to a Revolving Loan to be denominated in an Alternate Currency, the interest rate components applicable to such Alternate Currency shall be separately agreed by the Lead Borrower and the Administrative Agent.

Related to the BBSY

  • the FCA means the Financial Conduct Authority;

  • the SSCBA means the Social Security Contributions and Benefits Act 1992;

  • the benefit Acts means the SSCBA, the Jobseekers Act 1995, the State Pension Credit Act 2002 and the Welfare Reform Act 2007;

  • the 1993 Act means the Pension Schemes Act 1993; "the 1995 Act" means the Pensions Act 1995;

  • the BCTF Plan means the Group RRSP entered into by the Federation and Royal Trust or a successor to that plan;