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.

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

• FPI Payment procedure ● FIIs shall pay their subscription either by inward remittance through normal banking channels or out of funds held in Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer.

• The sums may be transferred from Foreign Currency Account to SNRR A/c at the prevailing market rate and the AD Category - I bank may transfer repatriable proceeds (after payment of tax) from the SNRR A/c to the Foreign Currency account.

• FPI Payment procedure • FIIs shall pay their subscription either by inward remittance through normal banking channels or out of funds held in Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer.

• They can transfer sums from the Foreign Currency Account to the single SNRR A/c for making genuine investments in securities in terms of the SEBI (FII) Regulations,1995 , as amended from time to time.

• FIIs/sub-accounts can open a non-interest bearing Foreign Currency Account and / or a single non-interest bearing Special Non-Resident Rupee Account (SNRR A/c) with an AD Category – I bank, for the purpose of investment under the PIS.

More Definitions of Currency Account

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 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 accounts in the name of the Issuer held with the Account Bank which shall comprise separate accounts denominated in the relevant currencies of Currency Hedge Obligations and Principal Hedged Obligations, into which amounts received in respect of such Currency Hedge Obligations and Principal Hedged Obligations shall be paid and out of which amounts payable to (x) each applicable Currency Hedge Counterparty pursuant to any Currency Hedge Transaction and (y) each FX Forward Counterparty under each applicable FX Forward Transaction shall be paid.

Currency Account means any account which the Bank has accepted to include in the Liquidity Optimisation (accounts listed in Appendix 1).

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.