Currency Account definition

Currency Account means the accounts in the name of the Issuer held with the Account Bank which shall comprise separate accounts denominated in the relevant currencies of Non-Euro Obligations, into which amounts received in respect of Non-Euro Obligations shall be paid and out of which amounts payable to a Currency Hedge Counterparty pursuant to any Currency Hedge Transaction shall be paid.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Currency Account means an Account offered by us which is denominated in a currency other than sterling as further described in term 2.15.

Currency Account means any account which may be required to be opened by the Issuer with the Account Bank from time to time to enable payments received from Non-Euro Portfolio Collateral which are not denominated in Euro to be paid prior to payments being made by the Issuer to the relevant Hedge Counterparty pursuant to an Asset Swap Transaction.

Examples of Currency Account in a sentence

• Such payments will be to your relevant Account or Currency Account as we, in our sole discretion, may determine.

• The funds will receive interest at the rate applicable to the Currency Account until funds are withdrawn.

• Other fees and charges in relation to your Currency Account are applied to your Currency Account in the currency equivalent at the time that the fee is applied.

• Where your Currency Account is able to make and receive electronic payments (for example, where your Currency Account is a Current Account) all such payments will be made and received via SWIFT or SEPA credit transfer.

• In the case of ATM withdrawals from a Currency Account in sterling (or any other currency other than the denomination currency of the Currency Account), your attention is drawn to term 3.1.9.

More Definitions of Currency Account

Currency Account means an account belonging to the Client and held with Argentex, where Electronic Money is stored in one or more currencies. A Currency Account may, on request, have a vIBAN associated with it.

Currency Account means an Account established within the Currency Fund for the Reset Rate Notes and further described in Section 4.09 hereof, including any subaccounts created therein.

Currency Account means your account which is linked to the Card for the settlement of Card Transactions in the specified currency.

Currency Account means the account of the Issuer with the Account Bank which shall be sub-divided in the ledgers of the Account Bank into sub-accounts denominated in the relevant currencies of Currency Obligations, into which amounts received in respect of Currency Obligations shall be paid and out of which amounts payable to a Currency Swap Counterparty pursuant to any Currency Swap Transaction shall be paid.

Currency Account means the account of the Issuer with the Account Bank denominated in the relevant currencies of Non-Euro Obligations (including, for the avoidance of doubt, Euro and Sterling accounts), into which amounts received in respect of Non-Euro Obligations shall be paid and out of which amounts payable to a Currency Hedge Counterparty pursuant to any Currency Hedge Transaction shall be paid.

Currency Account means the account under your Voima Account to which you can deposit Fiat Currency, from which you can withdraw Fiat Currency and that can be used to hold Fiat Currency as well as to make transactions to your Gold Account.

Currency Account means the account of the Issuer with the Account Bank denominated in the relevant currencies of Non-Sterling Obligations (including, for the avoidance of doubt, Euro and USD accounts), into which Non-Sterling amounts received in respect of Non-Sterling Obligations shall be paid and out of which Non-Sterling amounts payable to an Asset Swap Counterparty pursuant to any Asset Swap Transaction shall be paid.