Examples of Counter Currency in a sentence
Counter Currency: It is the currency listed second in the currency parity that the investor is trading.
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.
In contrast, the long position in the Counter Currency is invested in a money market instrument at an overnight rate.
In a Currency Pair Counter Currency is represented by a denominator.
Managers will also take position to hedge the Fund’s share classes denominated in a different currency than Euro, by using Over the Counter Currency swap transactions.
In a Currency Pair Counter Currency is represented by a denominator (the second one in a Currency Pair).
An employee who is retired from the University and is receiving benefits from the Xxxxxxx Xxxxxxx University Pension Plan shall be entitled to the above benefits.
On maturity, if the deposit is converted to Counter Currency in line with paragraph 7, the principal will be converted to 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.
On the Price Comparison Date, based onthe exchange rate for performing currency conversion, the Bank will determine whether you are required to fulfill your obligation to sell the foreign currency option and whether the currency in which the Bank shall pay on the Maturity Date is the Base Currency or Counter Currency.