Forward Points definition

Forward Points means the offered side of the FX forward points for the forward sale of IDR against USD for settlement on the last day of a period equivalent to the Designated Maturity and commencing on the relevant Reset Date as determined by the Calculation Agent on the basis of the offered side of indicative quotations obtained by the Calculation Agent from the Reference Banks, as of 11:00 a.m., Singapore time, on the day that is two Singapore Banking Days preceding the relevant Reset Date or as close to such time as is reasonably practicable. If at least three quotations are provided, the Forward Points for that Reset Date will be the arithmetic mean of the quotations, without regard to the quotations with the highest and lowest values. For this purpose if more than one quotation has the same highest or lowest value, then one such quotation shall be disregarded. If exactly two quotations are provided, the Forward Points for that Reset Date shall be the arithmetic mean of the quotations.
Sample 1
Forward Points means the offered side of the FX forward points for the forward sale of Singapore Dollars against U.S. Dollars for settlement on the last day of a period of six months and commencing on the relevant Observation Date as determined by the Calculation Agent on the basis of the offered side of indicative quotations obtained by the Calculation Agent from the Reference Banks, as of 11:00 a.m., Singapore time, on the Observation Date or as close to such time as is reasonably practicable. If exactly two quotations are provided, the Forward Points for that Observation Date will be the arithmetic mean of the quotations. If only one quotation is provided, the Forward Points for that Observation Date will be that quotation;
Sample 1
Forward Points means the adjustment in points (rate) of a spot price in order to calculate a forward price. It is based on the current spot exchange rate, interest rate differential of the two currency pairs and the number of days to delivery.
Sample 1

Examples of Forward Points in a sentence

  • Foreign Exchange Forward Points: How it should be reported in case of "tom-next"?Example:Trade Date: 26.08.

  • You may find that the Forward Points change quite significantly over a short period of time as a result of developments impacting on expectations of future interest rate changes.

  • The Forward Points can be either a positive or a negative number.

  • Ms Kading urged Committee to take steps to ensure that the entire river bottom forest was salvaged, and noted that it has been identified as a priority in Plan Winnipeg.

  • Ifwe do agree to such a variation, the Forward Points and the Exchange Rate will change.

  • The required inputs are USDTHB Spot Rate, USDTHB Forward Points, and Fallback Rate (SOFR).

  • In determining the Exchange Rate applicable to a FEC, Convera applies Forward Points to its Spot Rate.

  • Vehicles are prepositioned at Plant Call Forward Points where the operational teams conduct duty inspections.

  • The district court called the intrusion "narrow," describing key aspects of the clothing exchange process: Though Ms. Stanley was required to expose her breasts, she remained partially clothed as she kept on her underpants at all times.

  • Forward Points are added to the Spot Rate to obtain a Forward Exchange Rate.For example, an importer needs to sell AUD in three (3) months’ time in exchange for USD and Australian interest rates are higher than US interest rates.


More Definitions of Forward Points

Forward Points means the amount by which a Forward Rate varies from the Spot Rate as a result of the differential in interest rates between the countries of the Currency Pair. Forward Rate means the Spot Rate adjusted to a future date having regard primarily to the interest rates prevailing in the two countries in the Currency Pair. Global Currency Account or GCA means the client account held with OFX used to receive foreign currency.
Sample 1
Forward Points means, in respect of a Standard Tenor and a Currency Pair, the mid-rate which when added to the Spot Rate for the relevant Currency Pair, produces a rate at which the Base Currency and the Term Currency can be exchanged on the applicable settlement date for a foreign exchange forward contract in respect of such Standard Tenor and such Currency Pair (as adjusted for Currency Pair Business Days), assuming a trade date on the date on which such mid-rate is observed. The Index Calculation Agent shall determine the Forward Points in respect of a Standard Tenor, a Currency Pair and an Index Business Day by observing the mid-rate quoted on the applicable Forward Points Screen Page (as specified in paragraph (c) below) as of the Index Valuation Time on such Index Business Day, multiplying such mid-rate by the applicable Decimal Adjustment Factor (as specified in paragraph (d) below) and rounding the result to 6 decimal places (with 0.0000005 being round upwards) or such other number of decimal places and in such manner as the Index Calculation Agent determines is appropriate, acting in a commercially reasonable manner.(c) Forward Points Screen Page The "Forward Points Screen Page" in respect of each Currency Pair is set out in the following table (or any successor or alternative screen page on which the relevant data is displayed): Currency PairForward Points Screen PageEURUSDReuters RIC: FXBLFIXFWD02USDJPYReuters RIC: FXBLFIXFWD02GBPUSDReuters RIC: FXBLFIXFWD02USDCADReuters RIC: FXBLFIXFWD01USDCHFReuters RIC: FXBLFIXFWD01AUDUSDReuters RIC: FXBLFIXFWD01USDNOKReuters RIC: FXBLFIXFWD03USDSEKReuters RIC: FXBLFIXFWD03NZDUSDReuters RIC: FXBLFIXFWD03 (d) Forward Points Decimal Adjustment Factor The "Decimal Adjustment Factor" in respect of each Currency Pair is set out in the following table: Currency PairDecimal Adjustment FactorEURUSD0.0001USDJPY0.01GBPUSD0.0001USDCAD0.0001USDCHF0.0001AUDUSD0.0001USDNOK0.0001USDSEK0.0001NZDUSD0.0001 4. Determine the Implied Interest Rate Differentials for the relevant Currency Pair for Standard Tenors The implied interest rate differentials (each an “Implied Interest Rate Differential”) for the Standard Tenors of 1 week (T=1), 2 weeks (T=2) and 1 month (T=3), in respect of a Currency Pair and an Index Business Day, are determined by solving for r T,p,t in the following formula: ForwardRateT ,p,t  Spot Ratep,t r e T,p,t DaysT,p,t DayCountConventiopn where: Forward Rate T,p,t
Sample 1

Related to Forward Points

  • Forward Purchaser has the meaning set forth in the introductory paragraph of this Agreement.

  • Forward Hedge Shares means all Common Stock borrowed by the Forward Purchaser and offered and sold by the Forward Seller in connection with any Forward that has occurred or may occur in accordance with the terms and conditions of this Agreement. Where the context requires, the term “Forward Hedge Shares” as used herein shall include the definition of the same under the Alternative Distribution Agreements.

  • Forward Price On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date.

  • Forward Hedge Price means, for any Forward Contract, the product of (x) an amount equal to one (1) minus the Forward Hedge Selling Commission Rate for such Forward Contract; and (y) the Volume-Weighted Hedge Price.

  • Forward Hedge Selling Period means, subject to Section 2(c) hereof, the period of one to 20 consecutive Trading Days (as determined by the Company in the Company’s sole discretion and specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) specifying that it relates to a “Forward”) beginning on the date specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) or, if such date is not a Trading Day, the next Trading Day following such date and ending on the last such Trading Day or such earlier date on which the Forward Seller shall have completed the sale of Forward Hedge Securities in connection with the applicable Forward; provided that if, prior to the scheduled end of any Forward Hedge Selling Period (x) any event occurs that would permit the Forward Purchaser to designate a “Scheduled Trading Day” as an “Early Valuation Date” (as each such term is defined in the Master Forward Confirmation) under, and pursuant to the provisions opposite the caption “Early Valuation” in Section 2 of the Master Forward Confirmation or (y) a “Bankruptcy Termination Event” (as such term is defined in the Master Forward Confirmation) occurs, then the Forward Hedge Selling Period shall, upon the Forward Seller becoming aware of such occurrence, immediately terminate as of the first such occurrence. Any Forward Hedge Selling Period then in effect shall immediately terminate upon the termination of this Agreement pursuant to Section 9 or Section 13 hereof and as set forth in Sections 2(b) and 4 hereof.

  • Master Forward Confirmation means the Master Confirmation for Issuer Share Forward Sale Transactions, dated as of the date hereof, by and between the Company and the Forward Purchaser, including all provisions incorporated by reference therein.

  • FP means Farm Programs.

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement.

  • Total Return Swap means an agreement between counterparties in which one party agrees to make payments of the total return from underlying asset(s), which may include securities, baskets of securities, or securities indices during the specified period, in return for payments equal to a fixed or floating rate of interest or the total return from other underlying asset(s).

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Xxxxx Fargo Securities means Xxxxx Fargo Securities, LLC.

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Forward Hedge Selling Commission Rate means, for any Forward Contract, a rate mutually agreed to between the Company, the Forward Seller and the Forward Purchaser and recorded in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), up to 2.0%.

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Forward Contract means, for each Forward, the Confirmation evidencing such Forward between the Company and the Forward Purchaser or an Alternative Forward Purchaser.

  • Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:

  • Barclays shall have the meaning assigned to such term in the preamble to this Agreement.

  • We/Us/Our means TATA AIG General Insurance Company Limited.

  • Dealer Manager Fee means the fee from the sale of Shares in a Primary Offering, payable to the Dealer Manager for serving as the dealer manager of such Primary Offering.

  • Morgan Stanley Morgan Stanley, a Delaware corporation.

  • FX Forward Contract is defined in Section 2.1.3.

  • FX means the fixing of the FX Exchange Rate as published 2 p.m. Frankfurt am Main local time by the Fixing Sponsor on the FX Screen Page (or any successor).

  • RBC means Royal Bank of Canada.

  • RBS means The Royal Bank of Scotland plc.

  • Forward Purchase Agreement means an agreement that provides for the sale of equity securities in a private placement that will close substantially concurrently with the consummation of a Business Combination.