Define: CDI Rate

How is CDI Rate defined in a legal contract?

• CDI Rate means the Brazilian interbank deposit rate or Certificado de Depósito Interbancário. This rate is an average of the interbank overnight rates. Seen in 8 SEC filings
• CDI Rate means the Brazilian interbank deposit rate, alternatively known as the Certificado de Depósito Interbancário, which is an average calculated from overnight rates. Seen in 6 SEC filings
• CDI Rate means in reference to the adjustment of any amount on a certain date of determination, the percentage which corresponds to the variation of the Brazilian interbank rate for 1-day certificate of deposits (CDI). This percentage is calculated by a particular [organization]. Seen in 3 SEC filings
• CDI Rate means the daily average rate of the DI – Depósitos Interfinanceiros of one day, expressed in the form of a percentage per annum, which is calculated and published daily by a specific [organization]. Seen in 2 SEC filings
• CDI Rate means the Brazilian Interbank Deposit Rate, also known as the Certificado de Depósito Interbancário (CDI). Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of cdi rate' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

CDI Rate means the average interbank deposit rate, known as Certificado de Depósito Interbancário, within [country].

Relevant Contract Types

• Loan Agreements
• Derivative Contracts
• Interest Rate Swap Agreements

Relevant Circumstances

• Currency exchange and rate determination in international trade
• Derivative pricing and investor risk management
• Benchmark rate in Loan agreements

Relevant Sectors

• Banking and Finance
• International Trade

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Genie Definition 2

CDI Rate means the daily average rate of DI, expressed in percentage per annum, calculated and published by an [organization].

Relevant Contract Types

• Investment Agreements
• Derivative Contracts

Relevant Circumstances

• Benchmark rate in Investment Agreements
• Investment decisions based on interest rates

Relevant Sectors

• Investment Banking
• Financial Services

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