Dual Currency Investment definition

Dual Currency Investment means each dual currency investment placed by the Customer with the Bank pursuant to Article 18.
Sample 1Sample 2Sample 3
Dual Currency Investment means each investment lodged with the Bank pursuant to this Clause 8 the principal amount of which being set out in the relevant Transaction Confirmation;
Sample 1Sample 2Sample 3
Dual Currency Investment means any deposit or investment whereby the Bank has the option to repay the investment amount placed with the Bank either in the currency of deposit or investment or in an alternate currency.
Sample 1

Examples of Dual Currency Investment in a sentence

  • For the purpose herein, the term “ AUM” shall mean all sums standing to the credit of any Fixed Deposit (“FD”) Account, Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.

  • SIPO Staff CompositionAt the end of 2013, the SIPO had a total staff of 11,306.

  • Each Dual Currency Investment must be of not less than a minimum amount specified by the Bank from time to time.

  • Any repayment of a Dual Currency Investment (whether on maturity or otherwise) as provided in Clause 8.2 below shall be paid to the credit of an account of the Client with the Bank in Hong Kong unless the Bank shall at its sole discretion agree to the contrary.

  • Such breakage costs shall include the costs, expenses, liabilities or losses incurred or suffered by the Bank as a consequence of breaking its hedge, or funding from other sources in respect of the Dual Currency Investment and therefore the total amount repaid on withdrawal may be less than the principal amount of the Dual Currency Investment.

  • The Bank may at its absolute discretion refuse to give such consent, or impose such conditions as the Bank may determine for the withdrawal of such Dual Currency Investment, such conditions to include the deduction of such breakage costs as the Bank shall determine conclusively acting in good faith.

  • The Bank may impose such additional conditions in relation to any Dual Currency Investment as the Bank thinks fit in respect of the Currency, such additional terms to be contained in the relevant Transaction Confirmation.

  • For the purpose herein, the term “Liquid Assets” shall mean all sums standing to the credit of any Fixed Deposit (“ FD”) Account, Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.

  • The interest rate on a Dual Currency Investment is generally higher than would be payable on an ordinary time deposit in the original currency.

  • Some examples of foreign currency (FCY) assets with OCBC Malaysia include FCY Call Account / Fixed Deposit, Dual Currency Investment (DCI), FCY Retail Bonds and Overseas Property Financing in FCY.


More Definitions of Dual Currency Investment

Dual Currency Investment means a dual currency investment made by Borrower and accepted by Lender pursuant to the terms and conditions set forth in the applicable DCI Agreement, to the extent the related DCI Term Deposit Account constitutes a Collateral Account.
Sample 1

Related to Dual Currency Investment

  • Dual Currency Note means a Dual Currency Interest Note and/or a Dual Currency Redemption Note, as applicable;

  • Virtual currency means a digital representation of value that:

  • 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).

  • Contractual Currency has the meaning given in Clause 21.5;

  • 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.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • 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.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Termination Currency means United States Dollars.

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

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

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Available Currency means Dollars.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Index Currency means USD.

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

  • National Currency means the currency, other than the Euro, of a Participating Member State.