Dual Currency Investment definition

Dual Currency Investment means each dual currency investment placed by the Customer with the Bank pursuant to Article 18.
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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;
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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.
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Examples of Dual Currency Investment in a sentence

  • A Dual Currency Investment (a “DCI”) has its performance linked to the exchange rate between two currencies (the “Currency Pair”) during the tenure of the Investment.

  • The Customer may select the terms of each Dual Currency Investment subject to the limits specified by the Bank.

  • The Customer authorises the Bank to deduct the Early Termination Handling Fees directly from the amount to be paid by the Bank to the Customer upon early termination of the Dual Currency Investment (the “Early Termination Settlement Amount”).

  • After the completion of Dual Currency Investment Transaction, sums of money shall be disbursed in accordance with the heir’s Instruction submitted to the Bank’s Branch.

  • Upon agreement of the terms of each Dual Currency Investment the Bank shall issue to the Customer a Transaction Notice of Investment Product to record the agreed terms.

  • In Foreign Currency in the following scenarios (cont’d):  Section B: Investment in Foreign Currency Assets for your own accountSome examples of foreign currency (FCY) assets with OCBC Malaysia include FCY Call Account/Time Deposit, Dual Currency Investment (DCI), FCY Retail Bonds and Overseas Property Financing in FCY.

  • Box address): Postal Code:New Mailing Address (If different from above): Please update my/our address for the following account(s) and service(s):All Deposit Accounts Applicable for Savings, Checking and Fixed Deposit Account (SGD and Foreign Currency including Structured Deposit) only.All Investment AccountsApplicable for Dual Currency Investment, Custody Accounts, Reverse Repo and Structured Notes Accounts only.

  • 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.

  • A Dual Currency Investment (or “DCI”) means any investment involving a currency option which confers on the Bank the right to repay the investment amount at maturity in either the currency of investment (the “Base Currency”) or an alternate currency (the “Alternate Currency”).

  • In the case of Dual Currency Investment Transactions, upon the death of the Client, the Agreement shall be terminated and the concluded Transactions shall continue in accordance with their respective provisions.


More Definitions of Dual Currency Investment

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.
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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 used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

  • 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.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • 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.

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

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Alternative Currency Daily Rate Loan means a Committed 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 (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Alternative Currency Term Rate Loan means a Committed 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.