Brazilian Currency definition

Brazilian Currency means lawful currency of Brazil.
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Brazilian Currency means the lawful currency of Brazil.
Sample 1

Examples of Brazilian Currency in a sentence

  • In the fourth phase, Agents must provide Brazilian Currency Payments and/or Foreign Currency Deliveries to the Clearinghouse and confirm them.

  • The purpose of these is to eliminate the Settlement risk of balances, in Brazilian Currency or Foreign Currency, constituted by buyer and selling Agents.

  • Thus, reciprocal obligations in Brazilian Currency and Foreign Currency will terminate after they are cleared.

  • Operational, among others, are communications related to the Transaction Registration, Analysis, Acceptance and Transaction Contracting of transactions, to the requests for Brazilian Currency Payment and Foreign Currency Delivery, and to the statements defined in the Clearinghouse Rulebook and this Operating Manual.

  • The Clearinghouse Systems issue all Payment orders: (i) in Brazilian Currency, directly to the credit of the “bank reserve” accounts or as per the instructions of the net selling Agents; and (ii) in Foreign Currency, for delivery through a credit to the net buying Agents’ accounts at the Correspondent Bank designated by them.

  • A repo will therefore have the sole purpose of solving purely operational issues concerning the Payments of net debtors Agents in Brazilian Currency, and must be resolved by no later than 15:30 of the day scheduled for the Settlement of the transaction.

  • The buying Agents, which owe Brazilian Currency, must make the transfers in accordance with the instructions contained in the Messages with preliminary communications of the amounts due in Brazilian Currency, or in the “Request for Brazilian Currency Payment.” These Payments must be credited—as prompt funds—and confirmed to the Clearinghouse by no later than 13:05, through the STR.

  • The full extent of the Foreign Trade Transaction is considered, encompassing trading, Transaction Registration in the Clearinghouse Systems, Analysis, Acceptance, Transaction Contracting, Central Bank Registration in the Bacen systems, Clearing to calculate the Net Balances in the currencies involved, Payment of Brazilian Currency, and Delivery of Foreign Currency.

  • In the event of the STR being unavailable at the settlement times in Brazilian Currency established in this Manual and the payments in favor of the clearinghouse or its agents, the clearinghouse may adopt exceptional procedures for settlement.

  • This means that foreign exchange purchase and sale transactions contracted with the Clearinghouse for Settlement on a net basis can generate situations where the parties—the Clearinghouse and Agents—become reciprocal bilateral debtors and creditors in Brazilian Currency and Foreign Currency.

Related to Brazilian Currency

  • Denomination Currency has the meaning specified in Section 14(b).

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • First Currency has the meaning specified in Section 1.15.

  • Termination Currency means United States Dollars.

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

  • Australian Dollars means the lawful currency of Australia.

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

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

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

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

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Canadian Dollars means the lawful money of Canada.

  • 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, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank 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.

  • Other Currency has the meaning specified in Section 1.15.

  • Australian Dollar means the lawful currency of Australia.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Agreed Foreign Currency means, at any time, any of English Pounds Sterling, euro and, with the agreement of each Lender, any other Foreign Currency, so long as, in respect of any such specified Currency or other Foreign Currency, at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Currency (including, in the case of the euro, any authorization by the European Central Bank) is required to permit use of such Currency by any 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.

  • freely usable currency means freely usable currency as defined under the Articles of Agreement of the International Monetary Fund.