Forex Transaction definition

Forex Transaction means any transaction involving the purchase and sale of foreign currencies for spot or forward delivery or a currency option in the inter-bank market.
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Forex Transaction means a foreign exchange transaction entered into as a result of a Utilisation of the Revolving Credit Facility.
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Forex Transaction. - means any foreign exchange transaction (excluding "spot" transactions i.e. transactions with a settlement period not exceeding 48 (forty eight) hours), including any future or forward transaction, in a foreign currency or in the basket of currencies, currency swap transaction, cross-currency swap transaction, currency option or other similar transaction (including any option with respect thereto and any combination in respect thereof);
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Examples of Forex Transaction in a sentence

  • The Company will, on the Final Repayment Date, pay (or procure payment) to Burdale in full all outstanding and unpaid liabilities under the Finance Documents (whether by way of principal, interest, commission, fees, costs, expenses or otherwise) and shall pay to Burdale such amount as is necessary to provide full cash collateral for Outstanding Purchase Price and any contingent obligations which Burdale may have in respect of any L/C, Forex Transaction or other outstanding Utilisation.

  • The Client remains responsible for any Forex Transaction executed at prices that differ from his Order.

  • Each Facility Company assumes all risks for, and agrees to pay, all foreign and local taxes, duties and levies relating to any transaction pursuant to the Forex Transactions or any documents, drafts or financial information relating to such Forex Transaction.

  • Each Facility Company releases and holds Burdale harmless from and against any acts, waivers, errors, delays or omissions, whether caused by such Facility Company, by any counterparty or otherwise with respect to or relating to any Forex Transaction.

  • Each of you and the Bank will make payments to the other in the currency and amounts and at the time and to the account agreed for each Forex Transaction.

  • Each Obligor agrees to assume all risks associated with any Forex Transaction entered into at its request.

  • The Bank will send you a confirmation of the terms of the Forex Transaction in writing (which may include electronic mail).

  • You are required to settle your obligations in full on the balance date of each Forex Transaction, without any set-off or other deduction.

  • If the Agent makes any payment (i) pursuant to or in respect of any L/C or (ii) upon the maturity of any Forex Transaction, then (and in each such case) the Obligor for whose account such payment was made shall be deemed on the date of such payment to have received the proceeds of a Utilisation.

  • Accordingly each Obligor shall on demand indemnify each Finance Party against any cost, loss, liability or expense which a Finance Party may suffer or incur as a result of or in connection with the conclusion, execution or performance of any Forex Transaction.


More Definitions of Forex Transaction

Forex Transaction means a foreign exchange transaction entered into as a Utilisation of the Revolving Credit Facility. GAAP means generally accepted accounting principles in the United Kingdom.
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Forex Transaction means purchase or sale of the currency of one nation with that of another. Foreign exchange rates refer to the number of units of one currency needed to purchase one unit of another or the value of one currency in terms of
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Forex Transaction. The sale and purchase of foreign currency.
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Related to Forex Transaction

  • FX Transaction means any transaction for the purchase by one party of an agreed amount in one Currency against the sale by it to the other party of an agreed amount in another Currency.

  • Transaction means the transactions contemplated by the Transaction Documents.

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • Merger Transaction means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.