Examples of Alternate Currencies in a sentence
It is not the intention of the Board of Directors to use the hedging arrangements to generate a further profit for the Alternate Currencies Classes of Shares.
The Net Asset Value per Share of the Alternate Currencies Classes of Shares does therefore not necessarily develop in the same way as that of the Shares in the relevant Fund Currency.
Whilst holding hedged Shares may substantially protect the investor against losses due to unfavourable movements in the exchange rates of the Alternate Currencies against the Fund Currency, holding such Shares may also substantially limit the benefits of the investor in case of favourable movements.
Investors should note that it will not be possible to fully hedge the total Net Asset Value of hedged Alternate Currencies Classes of Shares against currency fluctuations of the Fund Currency, the aim being to implement a currency hedge equivalent to between 95% and 105% of the Net Asset Value of the respective Alternate Currencies Classes of Shares.
The Administrative Agent or an Issuing Bank, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Loans and Letters of Credit denominated in Alternate Currencies.