Currency Payment definition

Currency Payment means, in respect of any OTC Clear Clearing Day and a currency, the aggregated amount which would be paid by OTC Clear to a Non- Defaulting Clearing Member (expressed as a positive number) or by such Non-Defaulting Clearing Member to OTC Clear (expressed as a negative number) (including all Variation Margin, coupons and fees but excluding payments of any notional amount in respect of a Deliverable FX Derivatives Contract, Initial Exchange Amount, Final Exchange Amount and VM Reversal due on that OTC Clear Clearing Day) in such currency on such OTC Clear Clearing Day without application of the VM Haircut; “Currency VM Flow(t)” means, with respect to each OTC Clear Clearing Day t during the Loss Distribution Period and a currency, an amount equal to the net Currency Payment in such currency for that OTC Clear Clearing Day after taking into account the additional amount payable to OTC Clear or the amount received from OTC Clear pursuant to Clearing Rule 1524(2) or 1524(3); “Custodian” means any custodian appointed by OTC Clear from time to time; “Daily GF Value” has the meaning given to it in section 6.1.1(6) of the Clearing Procedures; “Damage” means any damage, loss, cost or expense of whatsoever nature; “DCM GFShortfall” means, with respect to an Auction Portfolio constructed as a result of the occurrence of a DMP Event with respect to a Defaulting Clearing Member, the amount by which (1) the remaining Auction Losses relating to such Auction Portfolio after all applications pursuant to Clearing Rule 1914(1) exceeds (2) the product of RAP relating to such Auction Portfolio and the Rates and FX Contribution of such Defaulting Clearing Member; “DCM GFSurplus” means, with respect to an Auction Portfolio constructed as a result of the occurrence of a DMP Event with respect to a Defaulting Clearing Member, the amount by which (1) the product of RAP relating to such Auction Portfolio and the Rates and FX Contribution of such Defaulting Clearing Member exceeds (2) the remaining Auction Losses relating to such Auction Portfolio after utilization of the Initial House Resources in full; “DCM Margin” has the meaning given to it in Clearing Rule 1913(A)(1); “Deed of Charge” means a deed of charge between a Clearing Member and OTC Clear in respect of non-cash Collateral; “Default Interest Rate” means, with respect to an Eligible Currency, the higher of (i) best lending rate obtained by OTC Clear from its banker plus 2% per annum and (ii) the relevant interbank offered r...
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Currency Payment means, where made available by us, the transfer of National Currency in accordance with clause 3.6 of this Agreement from one Client, on their instruction, to another Client or Goldmoney that is recorded by deducting the corresponding amount of the applicable national currency from the transferor’s Holding and adding the same to the transferee’s Holding. For greater certainty, Currency Payments are not available in Canada;
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Currency Payment means, where made available by us, the transfer of National Currency from one Client, on their instruction, to another Client or Street2Genius International Trade Corp. that is recorded by deducting the corresponding amount of the applicable national currency from the transferor’s Account and adding the same to the transferee’s Account.
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Examples of Currency Payment in a sentence

  • Each Borrower shall make each payment hereunder with respect to amounts denominated in the Alternative Currency not later than 2:00 p.m. (local time) (at the Alternative Currency Payment Office) on the day when due in such currency to the Administrative Agent in same day funds by deposit of such funds to the Administrative Agent’s account maintained at the Alternative Currency Payment Office.

  • Section 15.07 Currency Payment shall be made in Canadian currency and in immediately available funds.

  • An ageing society might also lead to more funds going to health and age related industrieso Governments will probably demand a higher share of private savings to finance the increase in public spending due to the crisis (and potentially due to the demographic trend as well) The industry will therefore have to address the question of where the funding for future programmes will come from.

  • The transaction variables are, among others, the amount in Foreign Currency, the exchange rate, the Foreign Currency Delivery date, and the Brazilian Currency Payment date.

  • Operational, among others, are communications related to the Transaction Registration, Analysis, Acceptance and Transaction Contracting of transactions, to the requests for Brazilian Currency Payment and Foreign Currency Delivery, and to the statements defined in the Clearinghouse Rulebook and this Operating Manual.

  • If We agree in exceptional circumstances to complete Same Currency Payment Transactions, an additional fee of $15 shall apply unless a different fee is notified to You prior to concluding the Contract.

  • The requests for Brazilian Currency Payment and Foreign Currency Delivery must be confirmed by the Agents, also through specific Messages or the B3 systems, by no later than 11:00.

  • If We agree inexceptional circumstances to complete Same Currency Payment Transactions, an additional fee of AUD15 shall apply unless a different fee is notified to You prior to concluding the Contract.

  • Exchange rate risks and exchange controls The Bank will pay principal and interest on the Notes in (a) the Specified Currency, or (b) if Alternative Currency Payment is specified to be applicable to the Notes, the Alternative Currency or (c) if the alternative currency payment provisions applicable to the RMB Notes are triggered, U.S. dollars (such relevant currency of payment being, the “Settled Currency”).

  • FIN-2014-R012, “Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System,” Oct.

Related to Currency Payment

  • 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.

  • 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.

  • Currency Obligation means any obligation of a Party to deliver a Currency pursuant to an FX Transaction, the application of Section 6.3(a) or (b), or an exercised Option (except, for the purposes of Section 8.1 only, one that is to be settled at its In-the-Money Amount under Section 5.5).

  • 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.

  • 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.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including, without limitation, caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • 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.

  • 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).

  • Eurocurrency Payment Office of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

  • 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.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • 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.

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

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Currency Valuation Notice means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure. The Administrative Agent shall not be required to make more than one valuation determination pursuant to Currency Valuation Notices within any rolling three month period.

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller or an Alternative Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement or the Alternative Distribution Agreement, as applicable.

  • FX Rate means the “noon exchange rate” as reported by the Bank of Canada on any relevant date or if applicable, the rate calculated by the Calculation Agent, between the Canadian dollar and the foreign currencies into which some Reference Shares are denominated, expressed as the amount of Canadian dollars per one unit of foreign currency.

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

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

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

  • 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.

  • Termination Currency means United States Dollars.

  • Total organ dose equivalent (TODE) means the sum of the deep dose equivalent and the committed dose equivalent to the organ receiving the highest dose as described in 641—40.86(1)“f.”

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.