Bought Swap Rate definition

Bought Swap Rate means the interest rate that applies to the Base Currency at the Close of Business on the relevant Trading Day. CFD means a Contract for Difference. Client, you or your means the Client named in this Agreement, together with its subsidiaries, affiliates, successors and/or assigns, as well as its officers, directors, employees and agents. Client Agreement means the completed Application Form and these Terms. Close of Business means 22:00 GMT. Closed Out means the termination of all or part of an Order. Close-Out Date means the date on which all or part of an Order is Corporate Action means payment of a dividend, scrip dividend or special dividend, a rights issue, open offer or free distribution of shares by way of a bonus, capitalization or any other offer or issue to the holders of the underlying asset, a takeover, reverse takeover, merger, demerger, listing, delisting or suspension from listing or any analogous event directly affecting holders of the underlying asset; Currency Pair means the Base Currency and the Term Currency for a Margin FX contract.

Examples of Bought Swap Rate in a sentence

  • Bought Swap Rate means LIBID for a currency minus a margin of no more than 0.25% as determined by us.

  • Bought Swap Rate means LIBID for a currency minus a margin of no more than an amount determined by us.

  • Bought Swap Rate Means LIBID for a currency minus a margin of no more than 0.25% as determined by us.

  • Bought Swap Rate means interbank rate plus/minus a margin as determined by us.


More Definitions of Bought Swap Rate

Bought Swap Rate means LIBID for a currency minus a margin of no more than 0.25% as determined by VGP. Close of Business means 22:00 GMT. Closed-Out means the termination of all or part of an Order. Close-Out Date means the date on which all or part of an Order is Closed-Out. Close-Out Value means the Order Value at the Close-Our Date. Credit Limit means the limit on the total amount of credit that VGP will provide to the Client. Cut-Off Time means the time (AEST) for the destination country of the international payment by which cleared funds need to be received by us in order for an international payment to be made on any Day. These times are set out on the Website. Day means a day on which commercial banks are open for business (including dealings in foreign exchange) in the place specified by VGP for that purpose.
Bought Swap Rate means the interest rate that applies to the Base Currency at the Close of Business on the relevant Trading Day. CFD means a Contract for Difference. Client Agreement means the completed Application Form and these Terms. Close of Business means 22:00 GMT. Closed-Out means the termination of all or part of an Order. Close-Out Date means the date on which all or part of an Order is Closed-Out. Close-Out Value means the Order Value at the Close-Out Date. Corporate Action means payment of a dividend, scrip dividend or special dividend, a rights issue, open offer or free distribution of shares by way of a bonus, capitalization or any other offer or issue to the holders of the underlying asset, a takeover, reverse takeover, merger, demerger, listing, delisting or suspension from listing or any analogous event directly affecting holders of the underlying asset; Currency Pair means the Base Currency and the Term Currency for a Margin FX contract.

Related to Bought Swap Rate

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).