Currency Linked Deposit definition

Currency Linked Deposit means a Linked Deposit made under the Terms where the Underlying is a currency or currencies;
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Currency Linked Deposit means an asset-linked deposit made under these Specific Terms where the Underlying is a currency or currencies.
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Currency Linked Deposit means a deposit established under this Part 4, which is a hybrid product
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Examples of Currency Linked Deposit in a sentence

  • In relation to a Currency Linked Deposit, a screen page such as a Reuters screen or a Bloomberg page, reference dealers in the Underlying or an official government rate.

  • In relation to a Currency Linked Deposit, one of the following events occurs: v There is a revaluation of the Underlying.

  • In relation to a Currency Linked Deposit, one of the following events occurs: ❖ There is a revaluation of the Underlying.

  • If any exchange rate (other than a Strike Rate) or any other matter relating to a Currency Linked Deposit is to be determined or decided on by the Bank, the Bank shall make such determination or decision in good faith and, in the case of exchange rates other than a Strike Rate, in accordance with generally accepted practices in the relevant foreign exchange market.

  • Currency Linked Deposit is subject to both the actual and perceived measures of the creditworthiness of the Bank and there is no assurance of protection against a default by the Bank in respect of its payment obligations.

  • The Customer agrees to inform the Bank immediately if the Customer fails to receive the Currency Linked Deposit Confirmation from the Bank within 5 Banking Days after such acceptance or agreement of CLD.

  • Customers must carefully consider whether Currency Linked Deposit (as that term is defined in Section IV of Part 3) is suitable for the Customer’s investment in light of the Customer’s financial position, investment objectives and the risks the Customer agrees to bear before investing in Currency Linked Deposit.Currency Linked Deposit is different from traditional fixed deposit in that it is a type of structured product investment that involves considerable risks.

  • The return of Currency Linked Deposit depends on the market conditions prevailing at the fixing time on the Fixing Date.

  • Within 2 Banking Days after the day on which a contract for a Currency Linked Deposit has been formed pursuant to Clause 7, the Bank shall issue to the Customer a written confirmation (“Confirmation”) setting out the terms of such contract of Currency Linked Deposit.

  • In relation to a Currency Linked Deposit and an Interest Rate Linked Deposit, a screen page such as a Reuters screen or a Telerate page, reference dealers in the Underlying or any official government rate.

Related to Currency Linked Deposit

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Daily Rate for any RFR Banking Day is:

  • Bank Bill Rate ’, for an Interest Period, means the average mid rate for Bills having a tenor closest to the Interest Period as displayed on the ‘‘BBSW’’ page of the Reuters Monitor System on the first day of that Interest Period as determined by the Calculation Agent.

  • Canadian Dollar means the lawful currency of Canada.