Approved Foreign Currencies definition

Approved Foreign Currencies means Approved RC Foreign Currencies and/or Approved Letter of Credit Foreign Currencies, as the context may require.
Sample 1Sample 2Sample 3
Approved Foreign Currencies means Euros ( € ), Great Britain Pounds Sterling (£), Canadian Dollars (CAD$), United Arab Emirates dirham/ Emirati dirham (AED), and Korean Won (KRW).
Sample 1Sample 2
Approved Foreign Currencies foreign currencies which are freely convertible into Dollars and approved by the Issuing Bank in writing.
Sample 1Sample 2

Examples of Approved Foreign Currencies in a sentence

  • If the Approved Foreign Currencies are being substituted for cash that is customer funds, such customer funds shall remain subject to all provisions of the Commodity Exchange Act (as amended) and Commission Regulations governing the accounting for and segregation of customer funds.

  • The Approved Foreign Currencies must be deposited in an initial margin account of the Corporation either in a United States bank in the United States that is an Approved Financial Institution, or in a branch (not separately incorporated) of a United States bank that is an Approved Financial Institution located in a country which has been approved for the purpose by the Commission.

  • Thereafter, a Clearing Member may substitute for cash on deposit as initial margin securities, Approved Foreign Currencies and such other instruments as may be permitted by the Board.

  • Deposit of Securities and Approved Foreign Currencies as Initial Margin(a) A Clearing Member may substitute securities for all or part of the cash it has on deposit with the Corporation as initial margin, in accordance with Rule 504(c) and this Rule 505(a), provided, however, that the Board may prescribe limitations regarding the extent to which interests in any category of permitted securities may be substituted for cash initial margin.

  • Such substitution shall be subject to Rule 505 in all respects effected by delivering to the Corporation, by the time specified by the Corporation on the day on which the Clearing Member wishes to make the substitution: (i) the securities, Approved Foreign Currencies and/or other instruments; and (ii) a request for the release of the cash initial margin for which the securities, Approved Foreign Currencies or other instruments will be substituted.

  • Not more than 25% of the total amount of initial margin held by the Corporation in any form may be held in Compensated Deposit Accounts at any one Approved Financial Institution; and(ii) A Clearing Member may substitute for cash on deposit as initial margin securities, Approved Foreign Currencies and such other instruments as may be permitted by the Board.

  • Deposit of Securities and Approved Foreign Currencies as Original Margin506.

  • Deposit of Securities and Approved Foreign Currencies as Original Margin(a) A Clearing Member may substitute securities for all or part of the cash it has on deposit with the Corporation as original margin, in accordance with Rule 504(c) and this Rule 505(a), provided, however, that the Board may prescribe limitations regarding the extent to which interests in any category of permitted securities may be substituted for cash original margin.

  • Inflation reached 44.4 percent at end-year, driven by the monetization of the fiscal deficit and a weakening exchange rate, among other factors.

  • The Corporation may convert any Approved Foreign Currencies deposited as initial margin by any Clearing Member into U.S. Dollars at any time and at such exchange rate as the Corporation in its discretion may determine.

Related to Approved Foreign Currencies

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Franc, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market or the relevant local market, if applicable, and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

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

  • Foreign Currency means any currency other than the currency of Kenya;

  • Alternative Currency means each of Euro, Sterling, Australian Dollars, Canadian Dollars, and each additional currency (other than Dollars) that is approved in accordance with Section 1.06; provided that each such additional currency is an Eligible 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.

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Canadian Dollars and (v) any other Foreign Currency agreed to by the Administrative Agent and each of the Lenders.

  • Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”

  • Available Currency means Dollars.