Glossary entry

English term or phrase:

90 day bank bill rate (Australia)

German translation:

90-Tage-Referenzzinssatz (Australien)

Added to glossary by birgitadler
Oct 16, 2014 08:10
9 yrs ago
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English term

90 day bank bill rate

English to German Bus/Financial Finance (general)
Should any invoiced amount remain unpaid after 21 days, ABC Company may impose, and the Client shall pay, daily interest on that unpaid amount from the date of the invoice until the unpaid amount is received by ABC Company. The rate of interest payable by the Client shall be the current 90 day bank bill rate published by the Commonwealth Bank of Australia.

Danke im Voraus!
Proposed translations (German)
3 90-Tage-Referenzzinssatz (Australien)

Proposed translations

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90-Tage-Referenzzinssatz (Australien)

http://www.investopedia.com/terms/a/afma-bank-bill-reference...

The bank bill interest rate is Australia's equivalent of LIBOR or SIBOR and is used as a reference rate in much the same way

http://de.wikipedia.org/wiki/Referenzzinssatz
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4 KudoZ points awarded for this answer. Comment: "Vielen Dank für diesen ausgesprochen zielführenden Vorschlag!"
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