Currency Depreciation Risk Mitigation Sample Clauses

Currency Depreciation Risk Mitigation. The Developer promises to cover losses of up to 5% of the Investor’s capital from any depreciation of the Indonesian Rupiah (IDR) against the Singapore Dollar (SGD) during the Project Tenure, only if:
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Currency Depreciation Risk Mitigation. The Developer has structured a mitigation measure to cover losses of up to 5% of the Investor’s capital from any depreciation of the Indonesian Rupiah (IDR) against the Singapore Dollar (SGD) during the Project Tenure. A separate wa’d letter will be signed by the Developer to exercise the mitigation coverage based on the following: a. The currency depreciation coverage takes place by converting the capital amount (IDR) to SGD after project maturity, based on the SGD:IDR rate that the investor has invested in. b. The coverage only covers the capital amount and no profit is covered, i.e. profit will be converted to SGD based on the FX rate on the payout date and not the date of investment. c. The coverage only applies if there is a profit. No coverage will be imposed in the event of a loss of capital in the primary currency of the project (IDR). d. The coverage does not lead to a capital guarantee of any kind whatsoever. i.e. the investor will not be guaranteed a full capital return should there be a loss of capital in the project. e. The coverage will only apply should there be a depreciation of Indonesian Rupiah (IDR) against SGD, at a cap of 5%. If there is an appreciation of IDR or no change in exchange rates, the investor will receive both capital and any profit based on the exchange rate of the payout date.
Sample 1

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