Currency MTM Chg(t definition

Currency MTM Chg(t means, with respect to each Business Day t during the Loss Distribution Period and a Settlement Currency, the Currency MTM Amount in such Settlement Currency (converted, where applicable, into the Base Currency at the exchange rate determined by SEOCH on such Business Day t) which would be a gain to a non-defaulting SEOCH Participant (expressed as a positive number) or a loss to a non-defaulting SEOCH Participant (expressed as a negative number) on such Business Day;“Currency MTM Flow(t)”means, with respect to each Business Day t during the Loss Distribution Period and a Settlement Currency, an amount equal to the net Currency MTM Amount in such Settlement Currency for that Business Day after taking into account the amount payable to SEOCH or the amount received from SEOCH pursuant to Clearing Rule 413I(2)(b) or 413I(2)(c);"Daily Margin"means the aggregate amount determined by SEOCH after System Closure on each trading day to be payable in respect of a SEOCH Participant’s open positions and delivery obligations as determined by SEOCH, and for the purposes of the Options Trading Rules, these Clearing Rules and the Operational Clearing Procedures, references to “Daily Margin” include, unless the context requires otherwise, any additional margin payable by a SEOCH Participant under 9.2.4, 9.2.5 and 12.5 of the Operational Clearing Procedure;“DCASS”means the Derivatives Clearing and Settlement System operated by SEOCH and HKCC;“DCASS Agreement”means the subscription and license agreement in such form as may be prescribed by SEOCH from time to time and which is entered into between SEOCH and a SEOCH Participant entitling the SEOCH Participant to participate in DCASS in accordance with Chapter 11;“DCASS User Guide”means the manual entitled “DCASS User Guide” relating to the operation of DCASS via online access, as amended from time to time by SEOCH;“Default Information”means any information provided by SEOCH to a Receiving SEOCH Participant relating to a Defaulting SEOCH Participant including any information given relating to any action carried out pursuant to Clearing Rule 703;“Defaulter”means a Defaulting SEOCH Participant which has been declared as a Defaulter by SEOCH pursuant to Clearing Rule 703A;“Defaulting SEOCH Participant”means a SEOCH Participant that gives rise to an event of default pursuant to Clearing Rule 701;
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Currency MTM Chg(t means, with respect to each Business Day t
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Currency MTM Chg(t means, with respect to each Business Day t during the Loss Distribution Period and a Settlement Currency, the Currency VA Payment in such Settlement Currency (converted, where applicable, into the Base Currency at the exchange rate determined by the Clearing House on such Business Day t) which would be a gain to a non-defaulting HKCC Participant (expressed as a positive number) or a loss to a non-defaulting HKCC Participant (expressed as a negative number) on such Business Day; “Currency VA Flow(t)” means, with respect to each Business Day t during the Loss Distribution Period and a Settlement Currency, an amount equal to the net Currency VA Payment in such Settlement Currency for that Business Day after taking into account the additional amount payable to the Clearing House or the amount received from the Clearing House pursuant to Rule 711(b) or 711(c); “Currency VA Payment” means, in respect of any Business Day and a Settlement Currency, the aggregated amount of variation adjustment (including the profits or losses on final settlement of Cash Settled Contracts and/or Identified Contracts) which would be a gain to a non-defaulting HKCC Participant (expressed as a positive number) or a loss to a non-defaulting HKCC Participant (expressed as a negative number) in such Settlement Currency on such Business Day without application of the VA Haircut; and for the purpose of the calculations and adjustments conducted under the Loss Distribution Process, the unrealized profits or losses inrespect of Physical Delivery Contracts pursuant to section 2.3.3.2 of the Clearing House Procedures will be included;
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Related to Currency MTM Chg(t

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Currency exchange means receipt of revenues from the exchange of money of one government for money of another government.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Index Currency means USD.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

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

  • Agreed Foreign Currency means, at any time, any of English Pounds Sterling, euro and, with the agreement of each Lender, any other Foreign Currency, so long as, in respect of any such specified Currency or other Foreign Currency, at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Currency (including, in the case of the euro, any authorization by the European Central Bank) is required to permit use of such Currency by any Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Foreign Currency Equivalent means, with respect to any amount in Dollars, the amount of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Currency Agreement means in respect of a Person any foreign exchange contract, currency swap agreement or other similar agreement designed to protect such Person against fluctuations in currency values.

  • Currency Hedge Obligations means, at any time as to any Person, the obligations of such Person at such time that were incurred in the ordinary course of business pursuant to any foreign currency exchange agreement, option or futures contract or other similar agreement or arrangement designed to protect against or manage such Person’s or any of its Subsidiaries’ exposure to fluctuations in foreign currency exchange rates.

  • Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.