Document ID: chunk:federal_register_of_legislation:C2025C00014:section:160zzza:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 160ZZZA (pt 2/2)
Character Range: 1507335–1508085

be described as having most nearly approximated the number of days in that period—the LIBOR so applicable for the shorter of those terms.
 (3) For the purposes of this section:
 (a) a reference to LIBOR, in relation to a particular time, is a reference to the rate of interest applicable at that time in relation to banks in the London inter bank market as determined by reference to the Reuter Monitor Money Rates Service or any other published source; and
 (b) a reference to the relevant interest calculation period in relation to a notional borrowing from a foreign bank by an Australian branch of the bank is a reference to the period fixed by the bank for the calculation of the notional amount of interest in respect of the notional borrowing.