EMTA BRL Industry Survey Rate definition

EMTA BRL Industry Survey Rate or “BRL12” each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar Specified Rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days, as published on EMTA’s web site (www.emta.org) at approximately 3:45 p.m. (São Paulo time), or as soon thereafter as practicable, on such Rate Calculation Date. The Spot Rate shall be calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of March 1, 2004, as amended from time to time, for a centralized industry-wide survey of financial institutions in Brazil that are active participants in the Brazilian Real/U.S. Dollar spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA 1998 FX and Currency Option Definitions (as updated from time to time) – Settlement Rate Options: “EMTA BRL Industry Survey Rate (BRL12)”, meaning that the spot rate for a BRL Valuation Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one USD, for settlement in two New York and São Paulo Business Days, calculated by EMTA (or a service provider EMTA may in its sole discretion select) pursuant to the EMTA BRL Industry Survey Methodology and published on EMTA’s website (www.emta.org) at approximately 3:45 p.m. São Paulo time or as soon thereafter as practicable on such BRL Valuation Date.
EMTA BRL Industry Survey Rate. (or “BRL12”) means the USD/BRL specified foreign exchange rate for USD expressed as the amount of BRL per one USD, for settlement in two Sao Paulo and New York Business Days as published on EMTA’s website (www.emta.org) at around 3:45p.m. (Sao Paulo time) or as soon thereafter as practicable, on the applicable BRL Valuation Date. EMTA BRL Industry Survey Rate is calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of 1 March, 2004, as amended from time to time, for a centralised industry-wide survey of financial institutions in Brazil that are active participants in the BRL/USD spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).

Examples of EMTA BRL Industry Survey Rate in a sentence

  • As soon as it is determined that the Survey will result in Insufficient Responses, a notice that no EMTA BRL Industry Survey Rate is available for such date shall be published on the Publication Site.

  • The EMTA BRL Industry Survey Rate will be published on EMTA’s website (www.emta.org) (the “Publication Site”) by approximately 3:45 PM (São Paulo time), or as soon thereafter on such date as practicable.

  • EMTA BRL Industry Survey Rate is calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of 1 March, 2004, as amended from time to time, for a centralised industry-wide survey of financial institutions in Brazil that are active participants in the BRL/USD spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).

  • PSRG discussionThe PSRG discussed the responses and:  Noted that the majority of Distributors favoured introducing the HH settlement mandate between April 2015 and April 2017.

  • Disruption Events and Fallbacks: Disruption Events: Price Source Disruption: Applicable Price Materiality: Applicable Primary Rate: BRL PTAX (BRL09) Secondary Rate: EMTA BRL Industry Survey Rate (BRLI2), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • Price Source Disruption: Applicable Price Materiality: Applicable Primary Rate: BRL09 Secondary Rate: EMTA BRL Industry Survey Rate (BRL 12), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • The Applicable Exchange Rate on any date, means the PTAX800 on such date or, in the event the PTAX800 is unavailable, the EMTA BRL Industry Survey Rate (BRL12), and in the event the EMTA BRL Industry Survey Rate (BRL12) is unavailable, the EMTA BRL Indicative Survey Rate (BRL13).

  • Secondary Rate: EMTA BRL Industry Survey Rate (BRL 12), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • Fallback Reference Price: EMTA BRL Industry Survey Rate (BRL 12).


More Definitions of EMTA BRL Industry Survey Rate

EMTA BRL Industry Survey Rate means the Brazilian Real/U.S. Dollar rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in such number of days as equals the Standard FX Settlement Period, as published on EMTA’s website (www.emta.org) at approximately 3:45p.m. (São Paulo time), or as soon thereafter as practicable, on such day. The rate shall be calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of 1 March 2004, as amended from time to time, for a centralised industry-wide survey of financial institutions in Brazil that are active participants in the Brazilian Real/U.S. Dollar spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA 1998 FX and Currency Options Definitions – Settlement Rate Options: “BRL Industry Survey Rate (BRL11)” from time to time, meaning that the spot rate for a BRL Valuation Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one USD, for settlement in two New York and São Paulo Business Days, which is calculated by the Chicago Mercantile Exchange pursuant to the BRL Methodology (as such term is defined in the ISDA 1998 FX and Currency Options Definitions), and which appears on the Reuters Screen EMTA Page at approximately 12:30 p.m. São Paulo time, or as soon thereafter as practicable.
EMTA BRL Industry Survey Rate means the BRL/USD exchange rate for USD, expressed as the amount of BRL per one USD, for settlement in two Rio de Janeiro, Brasilia or Sao Paulo and New York Business Days, as published on EMTA’s web site (www.emta.org) at approximately 3:45 p.m. (São Paulo time), or as soon thereafter as practicable, on the BRL Valuation Date. The BRL Rate shall be calculated by EMTA (or a service provider

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