New Currency definition
Examples of New Currency in a sentence
Any Deposit in respect of a Bond denominated in such currency shall be paid into the relevant New Currency Account in accordance with Clause 4.1.
The New Currency Swap Provider must sign, and Party B, the Credit Support Provider and the Trust Manager must countersign, an accession as provided for in the Confirmation for the Equivalent-Other Transaction.
Alternatively, if an underlying currency is replaced by a New Currency, and one unit of the New Currency has a value equal to 1,000 units of that underlying currency, the Final Exchange Rate would be calculated by using the applicable exchange rate of the New Currency (relative to the applicable base currency) multiplied by 1,000.
New Currency.........................................................................
Conversely, in the event an Underlying Currency is replaced by a New Currency, the Calculation Agent shall, when determining the Cumulative Return, calculate the applicable Final Exchange Rate by using the Exchange Rate of the New Currency relative to the Base Currency on the Valuation Date, multiplied by the number of units of the applicable Underlying Currency represented by one unit of the New Currency.