Daily Exchange Rate definition

Daily Exchange Rate means the exchange rate as provided by Reuters daily, using the Reuters Instrument Code “CAD=”. Payment at Maturity: At maturity, each holder of a Debt Security will receive a payment in Canadiandollars equal to the Redemption Amount. The “Redemption Amount” on each$100 Principal Amount per Debt Security will be equal to the greater of: (i) the Outstanding Principal Amount of such Debt Security, plus the Variable Return (which may be positive or negative); and (ii) $1.00. Partial Currency Hedge: The Debt Securities will provide a partial hedge of the potential currency riskbetween the Canadian dollar currency in which the Debt Securities and all payments under the Debt Securities, including payment of the Redemption Amount at maturity, are denominated, and the United States dollar currency in which the Underlying Securities or Deposits are denominated, through the notional use of the currency hedge described below. On the last Business Day of the calendar month immediately prior to the Initial Valuation Date (the “Initial Currency Forward Date”) and on the last Business Day of each calendar quarter thereafter, the Calculation Agent will assume that the Portfolio is partially hedged through a notional cash-settled three-month forward contract (the “Currency Forward”) to purchase a number of Canadian dollars in respect of the United States dollar equivalent of the Net Value of the Portfolio on such date (adjusted as described below), as determined by the Calculation Agent,acting in good faith. The rate applicable to any Currency Forward will be equal to the Reference Rate (defined below) on such date. The “Reference Rate” on any date with respect to any Currency Forward will be equal to the market rate quoted to the Calculation Agent by a provider of currency forwards on such date, which market rate is typically similar to (but not precisely the same as) the market rate posted by the Bloomberg composite quotation system on such date. Such market rate will be (a) quoted by a provider that is independent of the Calculation Agent or (b) the best rate among rates quoted by four providers (which may include an affiliate of the Calculation Agent but will include at least three providers that are independent of the Calculation Agent). If the Initial Currency Forward Date is not the last Business Day of a calendar quarter, the initial Currency Forward shall have (a) a term equal to the period of time between the Initial Currency Forward Date and the last Business Da...
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Daily Exchange Rate means the USD to KRW (or vice versa as the case may be) exchange rate published at 2:00 PM (Seoul time) on the website of BFIX: Bloomberg FX Fixings (or its successor institution) on a given day.
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Daily Exchange Rate means the daily average exchange rate as published by a reputable source chosen from time to time by the Administrative Agent and as determined by the Administrative Agent, provided that, if any such date of determination is not a Business Day, then it shall be the Daily Exchange Rate as of the most recently ended Business Day. “Debtor Relief Laws” means the Bankruptcy Code of the United States, the Canadian Insolvency Laws, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or Canada or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.
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Examples of Daily Exchange Rate in a sentence

  • The compensation for 2017 has been stated in Dollars based on the Bank of Canada Daily Exchange Rate on December 31, 2017, which was US$/Dollar = $1.2545.

  • US dollars shall be converted to Canadian dollars using the applicable Bank of Canada Daily Exchange Rate for each day of the month during which the applicable payment obligations were incurred.

  • If your cheque is dishonoured, we’ll calculate the amount using the current HSBC Daily Exchange Rate or the HSBC Daily Exchange Rate that was applied at the time your account was credited, whichever is lower.

  • Daily Exchange Rate, Lira-Dollar, 1999–2001 Thousands 1600 1400 1200 1000 800 600 400 July 1999 Jan.

  • Visa Debit cards International transactions, AUD transactions or cash withdrawals in foreign currency If you use your Visa Debit card to make payments in a particular foreign currency and you don’t have enough money in your foreign currency sub-account, we’ll deduct the full amount of the transaction from your AUD account, applying the HSBC Daily Exchange Rate.

  • If you have set up a regular payment in a currency other than Australian dollars (AUD), we’ll apply the HSBC Daily Exchange Rate that applies at the time we process the payment.

  • Set up a periodical payment that involves a foreign currency conversion The HSBC Daily Exchange Rate at the time we process the payment on the periodical payment date.

  • The compensation for 2018 has been stated in Dollars based on the Bank of Canada Daily Exchange Rate on December 31, 2018, which was US$/Dollar = $1.3642.

  • The Monthly Average Daily Exchange Rate information is used to convert foreign currency amounts to U.S. Dollar amounts on the W04 report.

  • Non-Linear Modeling of Daily Exchange Rate Returns, Volatility and News in a Small Developing Economy, “Applies Economics Letters”, 10(4).


More Definitions of Daily Exchange Rate

Daily Exchange Rate means the exchange rate as provided by Reuters daily, using the Reuters Instrument Code “CAD=”.The net value of the Portfolio (the “Net Value of the Portfolio”) for the Debt Securities on any Business Day will be calculated by the Calculation Agent and will be equal to the Value of the Portfolio less the ongoing portion of the Note Program Amount (defined below), and adjusted as referred to at “Partial Currency Hedge” below.The upfront portion of the Note Program Amount will be satisfied on the Issue Date from the proceeds of the offering, thereby reducing the number of Underlying Securities that would have been otherwise notionally included initially in the Portfolio and therefore the initial NAV per Debt Security, the Variable Return and the Redemption Amount. The ongoing annual component of the Note Program Amount will be calculated based on the Value of the Portfolio and will accrue daily and be satisfied quarterly in arrears by liquidating a pro rata (based on their then current weighting in the Portfolio) number of Underlying Securities notionally included in the Portfolio, thereby reducing the Number of Underlying Securities in the Portfolio and therefore the NAV per Debt Security, the Variable Return and the Redemption Amount.97.85% of the Principal Amount of the Debt Securities will be converted into United States dollars on the Initial Valuation Date at the CAD/USD Foreign Exchange Rate for the immediately preceding day for which such rate is posted, and then will be notionally invested in the Portfolio on the Initial Valuation Date at a price equal to the Closing Price for the Underlying Securities comprising the Portfolio on such day.Notional investments in the Portfolio will be denominated in United States dollars.The net asset value per Debt Security (the “NAV per Debt Security”) for the Debt Securities on any Business Day will be equal to the Net Value of the Portfolio divided by the number of Debt Securities outstanding on such Business Day and will be expressed in Canadian dollars.The NAV per Debt Security will fluctuate throughout the term with the Net Value of the Portfolio, which will be affected by the Daily Exchange Rate, and may also be affected by a number of other factors beyond the control of the Bank. As a result, the Redemption Amount will not be determinable before the Maturity Date. See “Risk Factors”. The Calculation Agent may suspend the determination of the NAV per Debt Security during the existence of any state of affairs ...
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Related to Daily Exchange Rate

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • Applicable Exchange Rate means with respect to any Collateral Obligation denominated and payable in Euros, GBPs, AUDs or CADs on any day, the lesser of (a) the applicable currency-Dollar spot rate used by the Borrower (as determined by the Investment Manager) to acquire such currency on the related Cut-Off Date and (b) the Applicable Conversion Rate for such currency.

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Daily Exchange Value means, for each of the 20 consecutive Trading Days during the Observation Period, one-twentieth (1/20) of the product of (a) the applicable Exchange Rate and (b) the Daily VWAP of the Common Stock (or the Reference Property, if applicable) on such day.

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Foreign Exchange Rate means, with respect to any currency other than United States dollars, as of any date of determination, the rate set forth in the exchange rate section of The Wall Street Journal or, if not published in The Wall Street Journal, then the average of the opening bid and asked rates on such date at which such currency may be exchanged for United States dollars as quoted by JPMorgan Chase Bank, National Association (or any successor thereto or other major money center commercial bank agreed to by the Parties).

  • Exchange Rate Agent means, with respect to Securities of or within any series, unless otherwise specified with respect to any Securities pursuant to Section 301, a New York Clearing House bank, designated pursuant to Section 301 or Section 313.

  • Option Exchange Ratio means the quotient obtained by dividing (i) the Cash Amount Per Share by (ii) the Acquiror Common Stock Price.

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

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

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

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Settlement Rate has the meaning specified in Section 5.1.

  • Exchange Rate Officer s Certificate” means a certificate setting forth (i) the applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate or the applicable bid quotation signed by the Chief Financial Officer or any Vice President of the Company.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Administrative Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage on such day.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Equity Award Exchange Ratio means the sum of (i) the Share Consideration, plus (ii) the quotient of (x) the Cash Consideration divided by (y) the Parent Stock Price, rounded to the nearest one thousandth.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):