Examples of Counter Currency in a sentence
In contrast, the long position in the Counter Currency is invested in a money market instrument at an overnight rate.
On maturity, if the deposit is converted to Counter Currency in line with paragraph 7, the principal will be converted to Counter Currency.
In the NPV calculation, the Leverage Component reflects the multiple purchase of the Underlying (long position) corresponding to the applicable Factor (for the avoidance of doubt: For a currency exchange rate as Underlying, this means a long position in the Base Currency and a short position in the Counter Currency).
The Depositor will set "Strike Price", which will be applied for conversion to the Counter Currency, either by 1) specifying the price itself OR 2) specifying the "Differential" that is the difference between the Spot Price at the time of deposit and the Strike Price.
The Financing Component results from the costs of borrowing in the Counter Currency at an overnight rate increased by a per annum rate (related to the IC Rate), which includes the hypothetical costs that would be incurred in tracking the performance of the NPV, plus a per annum rate (related to the Collateral Fee), which includes the cost that would be incurred by the Issuer (and/or it affiliates) if it were to borrow the Collateral Assets plus a Calculation Fee.
The School Board shall require medical certification from employees returning form medical leave and the will be restored to the same position held prior to the start of the leave.
Counter Currency: It is the currency listed second in the currency parity that the investor is trading.
In a Currency Pair Counter Currency is represented by a denominator (the second one in a Currency Pair).
In a Currency Pair Counter Currency is represented by a denominator.
Counter Currency: Shall mean the second currency represented in a currency pair, for example in the EUR/USD currency pair variable currency is the USD.