Currency Option Transaction definition

Currency Option Transaction in the Definitions or in a Confirmation shall in all cases by considered references to an "FX Transaction" and "Option" under the Agreement.

Currency Option Transaction shall have the meaning ascribed in the 1998 FX and Currency Option Definitions, as amended from time to time (as published by the International Swaps and Derivatives Association, Inc., the Emerging Markets Traders Association (“EMTA”) and The Foreign Exchange Committee) (“FX Definitions”) and for the avoidance of doubt, shall not include an option that would otherwise be deemed to be an Exotic Option.

Currency Option Transaction has the same meaning as “FX Option Transaction”.

Examples of Currency Option Transaction in a sentence

• With respect to any Disruption Event that is applicable to an FX Transaction or Currency Option Transaction pursuant to the Definitions or as otherwise agreed by the Parties as evidenced by a Confirmation, Section 9 of the Agreement shall not be applicable in respect of such FX Transaction or Currency Option Transaction, and the Parties shall be subject to the Disruption Fallbacks (including but not limited to No Fault Termination) specified as applicable pursuant to the Definitions or such Confirmation.

• Notwithstanding Sections 2.4 and 11.12 of the Agreement, in the event of any inconsistency between the terms of a Confirmation for an FX Transaction or Currency Option Transaction and the Agreement, the terms of the Confirmation shall prevail.

• Without limitation of the forgoing, where an FX Transaction or Currency Option Transaction is confirmed by means of exchange of electronic messages on an electronic messaging system or by means of facsimile or telex (whether manually or automatically generated) or other document or confirming evidence shall constitute a Confirmation for the purposes of this Agreement even where not so specified therein.

• In respect of an Exercise Date under a Deliverable Currency Option Transaction, on the Settlement Date, except as otherwise set forth in this Section 3.7(a), Buyer will pay to Seller the Put Currency Amount and Seller will pay to Buyer the Call Currency Amount, subject to the provisions of Section 3.6(c), any other applicable condition precedent and any applicable provisions of Article 5.

• In the case of a partial termination and discharge (i.e., where the relevant Currency Option Transactions are for different amounts of the Currency Pair), the remaining portion of the Currency Option Transaction which is partially discharged and terminated shall continue to be a Currency Option Transaction for all purposes of this Agreement, including this Section 3.4(c).

More Definitions of Currency Option Transaction

Currency Option Transaction means a transaction in which the Buyer would transact in either Commodity Murabahah or Commodity Musawamah to generate a premium equivalent payment to the Seller to then undertake to buy or sell the specific currency pair at Strike Price on Expiration Date.

Currency Option Transaction means a transaction entitling Buyer, upon exercise, to purchase from Seller at the Strike Price a specified quantity of Call Currency and to sell to the Seller at the Strike Price a specified quantity of Put Currency. A FX Option includes both a Deliverable FX Option Transaction and a Non-deliverable FX Option Transaction.

Currency Option Transaction in the Definitions or in a Confirmation shall in all cases be considered references to an “Option” under the Agreement.

Currency Option Transaction means an OTC Transaction entitling the Buyer, upon exercise, to purchase from the Seller at the Strike

Currency Option Transaction means a Transaction entitling Buyer, upon exercise, to purchase from Seller at the Strike Price, a specified quantity of Call Currency and to sell to Seller at the Strike Price a specified quantity of Put Currency;

Currency Option Transaction means an over-the-counter Transaction entitling the Buyer, upon exercise, to purchase from the Seller at the Strike Price, a specified quantity of Call Currency and to sell to the Seller at the Strike Price a specified quantity of Put Currency. 1.2 In the event of any inconsistency between this Annex A and other provisions of the Terms and Conditions, this Annex A will prevail for the purposes of the relevant FX Transactions and Currency Option Transactions. In the event of any inconsistency between this Annex A and the other provisions of a Confirmation, that Confirmation will prevail for the purposes of the relevant Transaction.

Currency Option Transaction has the meaning ascribed to such term in the FX Definitions and for the avoidance of doubt, shall not include an option that would otherwise be deemed to be an Exotic Option.