FX Instruction definition

FX Instruction means a request from the Client to SGM-FX to enter into an FX Contract
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FX Instruction has the meaning given to it in section 4.2. “FX Services” has the meaning given to it in section 3.1.1.
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FX Instruction or “Order” means the request by the COMPANY to engage in an FX Transaction through the FX Facility.
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Examples of FX Instruction in a sentence

  • If the COMPANY (through the Maker) sends an FX Instruction to the BANK, the COMPANY unconditionally and irrevocably authorizes the BANK to accept and act in accordance with the FX Instruction or Order submitted by the Maker to buy/sell FX at the Instruction Exchange Rate.

  • The sending of an FX Instruction or Order by the Maker to the BANK through the FX Facility, on its own and/or without need of any further act on the part of the COMPANY or the Authorizer, constitutes the unconditional and irrevocable authorization from the COMPANY for the BANK to lock in the Instruction Exchange Rate for the FX Instruction or Order.

  • Implementation of Foreign Exchange Instructions/Orders The COMPANY may engage in any FX Transaction using the FX Facility by sending an FX Instruction or Order (solely through the Maker) to the BANK.


More Definitions of FX Instruction

FX Instruction means the Client’s instruction submitted to the Bank in the manner intended for entering into FX SPOT Transactions, depending on the occurrence of a specific Exchange Rate and fulfilment of other preconditions set forth in the instruction
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FX Instruction means (i) an instruction for FX Transaction made by the Customer to the Bank via telephone or any other electronic methods such as Bloomberg (FXGO), Refinitiv, SWIFT, SMAR&TS, etc. as prior agreed by the Bank and the Customer or (ii) an application submitted by the Customer to the Bank (in the form issued by the Bank) which by implementing the transaction specified in such application, shall result in an FX Transaction;
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FX Instruction means a [payment instruction submitted to the CLS System] relating to an underlying FX Transaction.
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