Currency Linked Investment definition

Currency Linked Investment means a currency linked investment in which a placement of funds is accepted in one currency, the Base Currency, and which may be repayable in another currency, the Alternate Currency.
View Source
Currency Linked Investment or “CLI” means a currency linked investment of a type which the Bank may, from time to time, make available subject to these Investment Terms and Conditions.
View Source
Currency Linked Investment or “CLI” means a currency linked investment of a type which DBS may, from time to time, make available in accordance with Section E;
View Source

Examples of Currency Linked Investment in a sentence

  • If you enter into a Currency Linked Investment, you must be prepared to receive the principal amount and accrued interest in the Alternate Currency, converted at the Pre-Agreed Exchange Rate on the CLI Maturity Date.

  • All or part of the interest received on the Currency Linked Investment represents the premium on the currency option.

  • A Currency Linked Investment involves a currency option which confers on us, as the deposit-taking institution, the right to repay the principal amount and interest accrued thereon on the CLI Maturity Date in either the Base Currency or the Alternate Currency.

  • In this regard, you acknowledge that the fair market value of the Currency Linked Investment may be substantially less than the principal amount placed with us and we shall not be liable to you for any Losses that may be suffered and/or incurred by you in connection with or by reason of such termination.

  • Upon such termination, we shall pay to you an amount as determined by us, in our absolute discretion, to be the fair market value of the Currency Linked Investment as at the date of termination less any Losses that may be suffered and/or incurred by us (including the costs of unwinding any related underlying hedge, realising any option, future contract or any other financial instrument).

  • Upon such termination, we shall pay to you an amount as determined by us, in our absolute discretion, to be the fair market value of the Currency Linked Investment as at the date of termination less any Losses that may be suffered and/or incurred by us (including the costs of unwinding any related underlying hedge, realising any option, future contract or any other financial instrument).


More Definitions of Currency Linked Investment

Currency Linked Investment means a Linked Investment made under the Terms where the Underlying is a currency or currencies;
View Source
Currency Linked Investment. , “CLI” or “CLIs” means an investment offered by BOC under Part F Clause 1. where a Principal Amount is placed with BOC in a given Base Currency and (i) where such Principal Amount is repayable, and/or the amount of interest payable thereon is calculated, in whole or in part by reference to changes in currency exchange rate(s); and/or (ii) where such Principal Amount is repayable, and/or the amount of interest payable thereon, may be paid in the Alternate Currency and shall include, without limitation, over-the-counter derivatives, forwards or futures, options and/or any other investment as BOC may from time to time offer to the Account Holder or permit
View Source