Bank Bill


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Bank Bill

1. See: Bank Note.

2. See: Bank Draft.
References in periodicals archive ?
This can be seen when considering the interbank bank bill trades outside the BKBM rate set as a percentage of total interbank trades.
(17) A 28-day Reserve Bank bill with a face value of $1 million and sold at a rate of 2.50 percent will cost $998,085.86.
RBS is also required to undertake certain remedial measures with respect to its trading in Reference Bank Bills. An Independent Compliance Expert will be required to review and report on RBS s compliance with the EU in respect of these remedial measures.
(11) Historic data for 12-month Australian bank bill rates has large gaps in the series, and is therefore excluded in our analysis.
Investors would receive annual dividends representing 3.40% to 3.60% of the value of their investment, on top of the 3 month bank bill swap rate - the cost at which banks lend to each other at the time of each payment.
The changes announced above will take effect from the beginning of November, with the final TAF and Reserve Bank bill tenders scheduled for the week beginning of 26 October.
The calculation of BBSW substantially differs from the method that is used to calculate the London Interbank Offer Rate (LIBOR), in that BBSW submissions were required to be based on the panel banks' view of the average mid-rate for Reference Bank Bills, which are of similarly high credit standing, at a particular point in time each day as opposed to a subjective view of the bank's cost of obtaining unsecured funding from other banks.
They were priced to yield 150 basis points more than the three-month bank bill swap rate.
The debt is to be priced by tomorrow at some 200 basis points over Bank Bill Swap Reference Rate (BBSW), an investor told National Australia Bank.
While other financial instruments already available in the market, such as bank bills and bank bill futures, can protect against unexpected movements in short-term interest rates, the OIS helps protect against unfavourable movements in the overnight rate, which can move significantly even within periods as short as three months.
President Hassan Rouhani officially delivered the Banking Reform Bill and the Central Bank Bill to Majlis speaker Ali Larijani on Tuesday.
This week, there will be RMB405 billion of reverse repo and RMB19 billion of central bank bill expiring, which means RMB386 billion of liquidity would be withdrawn if PBOC does nothing.