Currency Swap definition

Currency Swap means each currency swap which enables the Issuer to hedge currency risks arising from (a) Covered Notes which are issued in currencies other than NOK and (b) assets (other than loans) which are registered to the Cover Pool and are denominated in currencies other than NOK; Currency Swap Agreement means the ISDA Master Agreement, schedule and confirmation(s) (as amended and supplemented from time to time) relating to the Currency Swap(s) entered into from time to time between the Issuer and each Currency Swap Provider;

Currency Swap means a contract entered into between a Person and a counterparty on a case by case basis in connection with forward rate, currency swap or currency exchange and other similar currency related transactions, the purpose and effect of which is to mitigate or eliminate such Person’s exposure to fluctuations in exchange rates;

Currency Swap means each currency swap which enables the Issuer to hedge currency risks arising from (a) Notes which are issued in currencies other than NOK and (b) assets (other than loans) which are registered to the Cover Pool and are denominated in currencies other than NOK;

Examples of Currency Swap in a sentence

• The Bank deals in Forward Rate Agreement, Interest Rate Swaps, Cross Currency Swap and Currency Options in Over the Counter Derivatives group.

• The amount of the termination payment will be based on the cost of entering into a replacement Interest Rate Swap or Currency Swap, as the case may be.

• Foreign exchangeA Cross Currency Swap is an agreement between two parties to exchange interest payments and principal on loans denominated in two different currencies.

• Type An Over the Counter (OTC) derivative contract – Cross Currency Swap Objectives Cross Currency Swaps are used for managing interest rate and foreign exchange risks.

• The Company has entered into Cross Currency Swap Transactions and opted to swap these loans from Indian Rupees in to US Dollars.

More Definitions of Currency Swap

Currency Swap. DESIGNATED RATING AGENCY" "EXTRAORDINARY RESOLUTION" "FINAL MATURITY DATE" "HEDGE AGREEMENT" "INSOLVENCY EVENT" "INVESTED AMOUNT" "MORTGAGED PROPERTY" "NOTES" "NOTEHOLDER" "NOTE TRUSTEE" "PRINCIPAL PAYING AGENT" "PURCHASED RECEIVABLES" "SECURITY TRUST DEED" "SECURITY TRUSTEE" "STATED AMOUNT" "SUPPORT FACILITY PROVIDER" "TRUST" "TRUST EXPENSE"

Currency Swap means the temporary exchange, for the Swap Period, of interest on the Base Currency and Quote Currency Amounts and the Notional Amount using the Exchange Rate agreed by the Contracting Parties and recorded in the Confirmation. More detailed basic information on Currency Swaps and their types is given in point V letter B) in Annex 1 of these Terms and Conditions.

Currency Swap means, as the context requires, the Class A-1 Currency Swap and/or the Class A-3 Currency Swap.

Currency Swap means an OTC derivative which commits two counterparties to exchange streams of interest payments and/or principal amounts in different currencies on specified dates over the duration of the swap at a pre-agreed exchange rate.

Currency Swap means a Transaction which, in the relevant Confirmation, is expressed to be a Currency Swap for the purposes of the Agreement.

Currency Swap means a Transaction entered into between Party A, Party B and the Manager on substantially the terms specified in the Confirmation set out in Annexure 1 or Annexure 2 (or as otherwise agreed between Party A, Party B and the Manager).

Currency Swap means a transaction under which—