Account Base Currency definition

Account Base Currency has the meaning set out in clause 7.3.6;
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Account Base Currency means the primary currency of your Account as specified in your Account opening documentation or sole currency of your Account (as the case may be) and which may be amended from time to time by written notice to us;
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Account Base Currency means Australian dollars or the currency as agreed under Clause 8.6 of this Agreement; Bullion means gold or silver;
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Examples of Account Base Currency in a sentence

  • Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us.

  • If any interest costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • All payments from your Account will be made on your request in the Account Base Currency unless another Currency is agreed in advance between you and us and will be made by BACS transfer, Telegraphic Transfer, SWIFT or, where payments were made by debit or credit card, and it is permitted, transfer of funds to the relevant credit or debit card account.

  • Surplus/Deficit in relation to the Margin Requirement Account recalculated into the Margin Requirement Account Base Currency is charged with the below specified haircuts (in case the surplus/deficit is in another currency than the Base Currency).

  • Account Base Currency Has the meaning set out in clause 11.2. Act Means the UK Financial Services and Markets Act (FSMA) 2000.

  • If any interest costs, commission and other charges to be debited to your Account are in a Currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • If any interest costs, Commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • Currency exchange on currency-based Financial Instruments is carried out according to the following rules: 1) for costs and liabilities - is carried out at the buying (offer) rate of the currency in which the liability or cost arises in relation to the Account Base Currency.

  • An unobligated balance is the difference between the obligated balance and the total unexpended balance.

  • If you direct GCMT to fund Margin from funds denominated in a currency other than the Account Base Currency, GCMT will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by GCMT.

Related to Account Base Currency

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Alternative Currency means each of Euros, Canadian Dollars and Sterling and any other currency added as an “Alternative Currency” pursuant to Section 1.07 hereof.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Alternative Currencies means any currency (other than Dollars) approved by the Administrative Agent and the applicable Issuing Bank.

  • Index Currency means USD.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.