FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the Series to which such FX Transaction is specifically allocated; (b) the type and amount of Currency to be purchased by the Fund; (c) the type and amount of Currency to be sold by the Fund; (d) the date on which the Currency to be purchased is to be delivered; (e) the date on which the Currency to be sold is to be delivered; and (f) the name of the person from whom or through whom such currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, the Custodian shall deliver, or shall instruct a Foreign Sub-Custodian to deliver, the Currency to be sold on the date on which such delivery is to be made, as set forth in the Certificate, and shall receive, or instruct a Foreign Sub-Custodian to receive, the Currency to be purchased on the date as set forth in the Certificate.
2. Where the Currency to be sold is to be delivered on the same day as the Currency to be purchased, as specified in the Certificate or Oral Instructions, the Custodian or a Foreign Sub-Custodian may arrange for such deliveries and receipts to be made in accordance with the customs prevailing from time to time among brokers or dealers in Currencies, and such receipt and delivery may not be completed simultaneously. The Fund assumes all responsibility and liability for all credit risks involved in connection with such receipts and deliveries, which responsibility and liability shall continue until the Currency to be received by the Fund has been received in full.
3. Any FX Transaction effected by the Custodian in connection with this Agreement may be entered with the Custodian, any office, branch or subsidiary of The Bank of New York Company, Inc., or any Foreign Sub-Custodian acting as principal or otherwise through customary banking channels. The Fund may issue a standing Certificate with respect to FX Transaction but the Custodian may establish rules or limitations concerning any foreign exchange facility made available to the Fund. The Fund shall bear all risks of investing in Securities or holding Currency. Without limiting the foregoing, the Fund shall bear the risks that rules or procedures imposed by a Foreign Sub-Custodian or foreign depositories, exchange controls, asset freezes or other laws, rules, regulations or orders shall prohibit or impo...
FX TRANSACTIONS. Whenever a Fund shall enter into a FX Transaction, the Fund shall promptly deliver to Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (i) the Series to which such FX Transaction is specifically allocated; (ii) the type and amount of Currency to be purchased by the Fund; (iii) the type and amount of Currency to be sold by the Fund; (iv) the date on which the Currency to be purchased is to be delivered; (v) the date on which the Currency to be sold is to be delivered; and (vi) the name of the person from whom or through whom such Currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, Custodian shall deliver, or shall instruct a Foreign Sub-Custodian to deliver, the Currency to be sold on the date on which such delivery is to be made, as set forth in the Certificate, and shall receive, or instruct a Foreign Sub-Custodian to receive, the Currency to be purchased on the date as set forth in the Certificate.
FX TRANSACTIONS. 10.1 RBCIS will generally treat any FX Transaction with a settlement date between T+2 and T+5 as a Spot FX Transaction if (a) sufficient details relating to the underlying security trade are provided to RBCIS at the time of execution, or (b) RBCIS has concluded that such FX Transaction is a Spot FX Transaction (e.g. by virtue of the trading relationship, the FX Transaction being executed under a Standing Mandate Trade Instruction given by the Customer to RBCIS). Otherwise, RBCIS will treat such FX Transaction as an FX forward transaction.
10.2 FX Transactions instructed under a Standing Mandate Trading Instruction which relate to securities transactions are intended to be executed for settlement as Spot FX Transactions notwithstanding that the standard settlement period for the relevant security transaction may exceed T+5. In this regard, the Customer authorizes and instructs XXXXX (as a standing Authorized Instruction hereunder) to hold execution (where appropriate) and to execute all securities related FX Transactions instructed by the Customer under a Standing Mandate Trading Instruction as Spot FX Transactions (as defined herein). The Customer understands that it may revoke this standing Authorized Instruction (which revocation shall be made in writing) without affecting its overall Standing Mandate Trading Instruction. In such event, RBCIS will thereafter execute all FX Transactions for securities transactions setting later than T+5 as FX forward transactions.
10.3 In respect of Direct FX Transactions, unless RBCIS and the Customer otherwise agree in writing and except where the Customer gives Authorized Instructions through Automated Systems, RBCIS will send the Customer confirmations (each a “FX Confirmation”) at the end of the trading day for any FX Transactions executed on that trading day, by electronic mail or fax to the e-mail address or fax number that RBICS has on record for the Customer or may make such FX Confirmations available to the Customer through its online portal. Where the Customer gives Authorized Instructions to RBCIS to execute a Direct FX Transaction through Automated Systems, the FX Confirmation for the related FX Transaction will be confirmed through the relevant Automated System at the time of the FX Transaction. FX Confirmations shall, in the absence of manifest error, be conclusive and binding on the Customer, unless RBCIS receives objection in writing from the Customer by the earlier of: (i) one Business Day after RBCIS se...
FX TRANSACTIONS. To the extent that the Client issues any Instruction, including a standing Instruction, for the Custodian to enter into foreign exchange transactions,, a report summarizing the terms of such foreign exchange transactions, including trade and settlement dates, the amounts and currencies exchanged and the exchange rates applied and any fees, charges, costs or commissions charged by any party to such foreign exchange transaction shall be made available to the Client. Included in the Fee Schedule, the Custodian has provided the Client with a schedule (the “FX Pricing”) specifying foreign exchange (“FX”) spreads over Citi benchmarks in connection with FX transactions effected through the Custodian’s AutoFX service and standing instructions. The Custodian represents that upon Instructions the Custodian will execute FX transactions on behalf of the Client at the spreads specified for each type of currency as specified in the Fee Schedule. For currencies not identified on the Fee Schedule, the rates will be on a negotiated basis at the time of any such FX transaction. The FX Pricing may be amended from time to time by mutual agreement. If the Custodian proposes a modification to a spread to reflect increased volatility and agreement cannot be reached on such modification, the Custodian reserves the right to remove the related currency from the Fee Schedule and cease providing benchmark pricing for the related currency, moving to pricing on a negotiated basis at the time of any such FX transaction. The Custodian may decline to act on any Instruction for FX or to effect any FX transactions without regard to the specified rate on the Fee Schedule due to the requirements of applicable law with regard to the FX transaction, applicable market regulations or directives of applicable market authorities, market restrictions or market conditions; provided, however, the Custodian shall give the Client prior notice where practicable.
FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the Series to which such FX Transaction is specifically allocated; (b) the type and amount of Currency to be purchased by the Fund; (c) the type and amount of Currency to be sold by the Fund; (d) the date on which the
2. Where the Currency to be sold is to be delivered on the same day as the Currency to be purchased, as specified in the Certificate or Oral Instructions, the Custodian or a Foreign Sub-Custodian may arrange for such deliveries and receipts to be made in accordance with the customs prevailing from time to time among brokers or dealers in Currencies, and such receipt and delivery may not be completed simultaneously. The Fund assumes all responsibility and liability for all credit risks involved in connection with such receipts and deliveries, which responsibility and liability shall continue until the Currency to be received by the Fund has been received in full.
3. Any FX Transaction effected by the Custodian in connection with this Agreement may be entered with the Custodian, any office, branch or subsidiary of The Bank of New York Company, Inc., or any Foreign Sub-Custodian acting as principal or otherwise through customary banking channels. The Fund may issue a standing Certificate with respect to FX Transaction but the Custodian may establish rules or limitations concerning any foreign exchange facility made available to the Fund. The Fund shall bear all risks of investing in Securities or holding Currency. Without limiting the foregoing, the Fund shall bear the risks that rules or procedures imposed by a Foreign Sub-Custodian or foreign depositories, exchange controls, asset freezes or other laws, rules, regulations or orders shall prohibit or impose burdens or costs on the transfer to, by or for the account of the Fund of Securities or any cash held outside the Fund's jurisdiction or denominated in Currency other than its home jurisdiction or the conversion of cash from one Currency into another currency. The Custodian shall not be obligated to substitute another Currency for a Currency (including a Currency that is a component of a Composite Currency Unit) whose transferability, convertibility or availability has been affected by such law, regulation, rule or procedure. Neither the Custodian nor any Foreign Sub-Custodian shall be liable to the Fu...
FX TRANSACTIONS. 6.1 SHKFX may, in carrying out Client’s instructions, contract or otherwise deal with or through any broker for the purchase, sale of, or otherwise dealing in, FX, or any person associated with SHKFX in any manner, on such terms as SHKFX may in its discretion determine.
6.2 Unless SHKFX has agreed otherwise pursuant to Clause 6.5 herein, Client shall not take delivery of FX on the Value Date pursuant to any FX Contract (other than a Physically Settled FX Contract) and Client shall be deemed to have agreed with SHKFX to extend the term of such FX Contract concerned beyond the Value Date until the happening of any of the following events:
6.2.1 SHKFX has received instruction from Client to take delivery of FX pursuant to the outstanding FX Contract concerned in the manner as set out in Clause 6.5 herein;
6.2.2 SHKFX has received instruction from Client to Close Out the outstanding FX Contract concerned; or
6.2.3 SHKFX exercises its rights under Clause 11 herein to Close Out the outstanding FX Contract concerned.
6.3 In the event that the date on which the FX agreed to be purchased or sold pursuant to a FX Contract is deferred, the FX Contract will be subject to a computation of the interest rate differentials which are charged or paid by SHKFX on a daily basis of being long or short, one currency against another until the FX is delivered or the Value Date of the Closing Out of the FX Contract.
6.4 6.4.1 In the event of a profit for the Account resulting from FX Transactions carried out by SHKFX with Client, SHKFX shall credit such amount of profit in the Account.
FX TRANSACTIONS. From time to time, Company may request from Bank an Exchange Rate for use in an FX Transaction by providing Bank with detailed transaction terms, including, without limitation, the applicable Foreign Currency, the amount of such Foreign Currency, the required delivery date, the name and account information for the recipient and any other information required by Bank from time to time. Company may make such requests by email, facsimile transmission, or through XXX. The responsibility for accurately transmitting a request to Bank rests solely with Company, and Company must verify the accuracy of all information contained in a request before transmitting it to Bank. If Company discovers any error in a request after transmission, Company must notify Bank immediately after discovering such error in writing. Bank will not be liable in any manner for any errors in a request for an Exchange Rate or any resulting losses. Company understands that incomplete information may result in Bank being unable to provide an Exchange Rate or process an FX Transaction. Bank is not required to provide an Exchange Rate, may prescribe any condition to the provision of an Exchange Rate and/or revoke an Exchange Rate at any time prior to its acceptance by Company.
FX TRANSACTIONS. If the Borrower fails or is unable to MLI's satisfaction to close out any FX Transaction in accordance with any notice or demand under 7.1.3 above (an "Open Transaction"), MLIB shall have the right on the Borrower's behalf to close out all or from time to time any part of that Open Transaction at MLIB's applicable spot rate of exchange at the relevant time (and the parties' liabilities shall be adjusted accordingly). However, if for any reason MLIB does not or is unable to exercise its right to close out any Open Transaction, upon notice to the Borrower:
7.3.1 no further payments by MLIB or the Borrower under that Open Transac tion shall be required to be made (and the obligations to make any such payments shall be cancelled) and 7.
FX TRANSACTIONS. Ravenswood may request and BABC may, in its sole and absolute discretion, arrange for Ravenswood to enter into FX Transactions with the Bank. Each Borrower agrees to indemnify and hold BABC harmless from all losses, liabilities, costs, expenses and claims incurred by BABC arising from or related to such FX Transactions pursuant to the FX Indemnity. Each Borrower agrees to pay the Bank all amounts owing to the Bank pursuant to the FX Transactions. Ravenswood agrees that it shall provide to the Bank and BABC a certified copy of resolutions of the Board of Directors of Ravenswood authorizing Ravenswood to enter into the FX Transactions with the Bank prior to Ravenswood's entering into any FX Transaction with the Bank. Ravenswood understands and agrees that the Bank shall require Ravenswood to pay to the Bank sufficient cash to settle each FX Transaction one (1) Business Day prior to the settlement date of each FX Transaction. Ravenswood further agrees to negotiate with the Bank to enter into an International Foreign Exchange Master Agreement relating to the FX Transactions on or before July 15, 1998. Each Borrower acknowledges and agrees that Ravenswood's entering into the FX Transactions with the Bank (a) is in the sole and absolute discretion of the Bank, (b) is subject to all rules and regulations of the Bank, and (c) is due
FX TRANSACTIONS. 8.1 You can convert your denominated currencies in your Wallet or Verto Global
