Fixing Rate means, in respect of a Currency Linked Investment, the spot rate in the inter-bank foreign exchange market (which may be determined by reference to a rate source) at or about the Fixing Time for which the Investment Currency may be exchanged for the Linked Currency, all determined by DBS in its sole and absolute discretion;
Fixing Rate means the rate (expressed as a % per annum) which the Lender in its absolute discretion shall determine to be:
Fixing Rate means the Exchange Rate regarding to the Currency Pair, on the Exchange Rate Fixing Date as determined by the Bank in its sole and absolute discretion and notified to the Customer. Without limiting the generality of the foregoing, if, on Exchange Rate Fixing Date, the Bank determines in its sole and absolute discretion that the source of reference does not accurately reflect the Exchange Rate of the Currency Pair at which the Bank considers the Currency Pair is being traded in the market at the relevant time (the “Market Rate”), such exchange rate will be determined by the Bank in its sole and absolute discretion to reflect the Market Rate;
Examples of Fixing Rate in a sentence
An OTC Transaction where the First Fixing Rate is not specified is eligible for OTC Clearing.
OTC Transactions with Stub Period lengths outside of this tenor range, may elect to use “First Fixing Rate" or a Floating Rate Index without interpolation to be eligible for OTC Clearing.
If the Terms and Conditions of the Securities provide for an automatic early termination, a check will be performed on each Fixing Date as to whether the Fixing Rate on such date is less than or, if so provided for in the Terms and Conditions of the Securities, equal to the automatic early redemption level as specified in the Terms and Conditions of the Securities.
The "Reference Rate Linked Redemption Amount" means an amount per Open End Rate Accrual Security which accretes daily, based on the prevailing Fixing Rate which is adjusted on each Fixing Date (as specified in the Terms and Conditions of the Securities).
M = The Fixing Rate prevailing at the switching/redemption date for the unexpired time period of the Fixed Rate Period.
More Definitions of Fixing Rate
Fixing Rate means, on any relevant day, the currency exchange spot rate (expressed as the amount of EGP per U.S.$ 1.00) determined by the Calculation Agent by obtaining a firm quotation from the Central Bank of Egypt for the sale of EGP and the purchase of USD (where the USD is payable outside of the Arab Republic of Egypt) in an amount corresponding to the Final Redemption Amount, the Optional Redemption Amount (including, for the avoidance of doubt, for the purposes of determining the Final USD Amount) and/or the Early Payment Amount (as the case may be, and in each case prior to conversion into USD at the Fixing Rate and prior to conversion into a proportional amount per Security), subject to adjustment for any fees or other charges a Hypothetical Broker Dealer would incur. If the Calculation Agent is not able to obtain a firm quotation from the Central Bank of Egypt, then the Fixing Rate shall be determined by the Calculation Agent on the basis of firm quotations for the sale of EGP and purchase of USD (where the USD is payable outside of the Arab Republic of Egypt), as provided bythree Reference Market Dealers as purchasers of EGP and sellers of USD in an amount corresponding to the Final Redemption Amount, the Optional Redemption Amount (including, for the avoidance of doubt, for the purposes of determining the Final USD Amount) and/or the Early Payment Amount (as the case may be, and in each case prior to conversion into USD at the Fixing Rate and prior to conversion into a proportional amount per Security) at such time as the Calculation Agent shall decide in consultation with the Issuer on such date. The Calculation Agent shall calculate the Fixing Rate to be the arithmetic mean of such quotations (rounded to the nearest four decimal places, with 0.00005 rounded upwards). For the avoidance of doubt, (i) the Fixing Rate may be such that the resulting USD amount is zero and in such event no USD or EGP amount shall be payable, and (ii) the resulting USD amount cannot in any circumstances be less than zero.
Fixing Rate. (where applicable) means, in respect of a CPI Deposit, the Exchange Rate on an Observation Day determined by the Bank at such time and in such manner as described on the term sheet for such CPI Deposit; provided that if a Fixing Rate cannot be obtained or determined from the time, price source or manner specified in the relevant term sheet on an Observation Day, the applicable Fixing Rate for that Observation Day will be determined by the Bank in good faith at such other time, price source or manner as the Bank considers appropriate in its sole discretion;
Fixing Rate means the rate (expressed as a % per annum) which KBCI in its absolute discretion shall determine to be:
Fixing Rate means, in relation to a specified date, the average closing rate as published by Bloomberg (pursuant to the Bloomberg Fix function (‘BFIX’ function)) for the three (3) Business Days immediately preceding such specified date.
Fixing Rate means the currency exchange rates available from District as fixed by the Bank at or about 9:00 am on each Business Day. In cases where a customer requests a negotiated rate, we may at our discretion agree to a currency exchange rate based off the prevailing market rate at that time and at or within the spreads on our rates displayed on District. The actual rate of exchange for a transaction will be detailed on your receipt. International Paper Items PurchasesEuro Cross Border Cheques 2%(Min €4.00 Max €35.00)All other Foreign Currencies - Foreign Cheques 1%(Min €1.25 Max €6.00) Foreign Drafts Issuing Foreign DraftsCorporate SupportDistrictCross-Border Euro Draft - receive by post1% (Min €5.00, Max €35.00)Not availableOther major currencies Draft - receive by post€6.00€4.00Buying back a Foreign Draft€5.00Not availableStopping a Foreign Draft€12.50Not availableUnpaid Foreign Draft inward€5.00Not available Foreign Drafts can be posted to you. Order before 1.30pm and receive in post within 2-3 working days. Ancillary Charges These charges incur outside normal transactions items on all accounts and are applied at the time the service is provided. Bank Report for Audit Purposes€12.50 per account reported plus a flat charge of €12.50 where details of contingent liabilities1 are included in the report.Duplicate Certificate of Interest or Balance€5.00Domestic Euro Draft€2.50Plastic Card Fee per (Debit or Corporate Card). Charged whenissued, replaced or renewed€6.00Fixed Term Deposit - Administration Fee(early withdrawal)€10.00Re-advice of PIN (per Debit or Corporate Card)€1.25Regular Statement Fee (per statement issued more frequentlythan monthly)€0.50Additional Statement Charge (at customers request to Bank)€2.00Duplicate Statement of account(per statement – including corporate card account statements)€4.00Special Collection/ presentation€5.00Status Enquiry€6.00 + VATStop Cheque€5.00Unpaid Cheque In€5.00Vouchers returned with Statements€10.00 per monthThird Party Payment - processed by the bank€0.75
Fixing Rate means, in relation to a specified date, the closing rate as published by Bloomberg on that date, to be observed using the Bloomberg Fix function (‘BFIX’ function).
Fixing Rate means the relevant exchange rate determined by the Bank on Deposit Date based on the relevant Reuters page and time specified in the documents issued to the Customer, otherwise determined by the Bank at the time as agreed between the Bank and the Customer;