Operational Currencies definition

Operational Currencies means the holding currencies of the CGIAR Fund, i.e., United States dollars and additionally Euros, as and when enabled by the Trustee’s systems; and each an “Operational Currency”.
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Operational Currencies means the holding currencies of the CGIAR Fund, i.e., United States dollars and additionally Euros, as and when enabled by the Trustee’s systems; and each an
Sample 1Sample 2Sample 3
Operational Currencies means the currencies offered by the Trustee and approved by the Fund Council in which the funds in the CGIAR Fund may be held, i.e., United States dollars and Euros.
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Examples of Operational Currencies in a sentence

  • Holding a hedged currency Share Class may substantially limit the Shareholders of that Class from benefiting if the currency in which the Share Class is denominated falls against the Operational Currencies of the Fund.

  • Any hedging into the currency of the hedged Share Class will not exceed the pro rata holding of the Operational Currencies of the relevant Fund and accordingly will not exceed 100% of the Net asset value of the relevant Share Class.

  • At Share Class level, the ACD may, but is not obliged to do so, for efficient portfolio management purposes, conduct currency hedging transactions in order to hedge, some or all of the currency exposure between a Fund’s Operational Currencies and the currency in which that Share Class is denominated.

  • Shareholders should note that, because there is no obligation to undertake hedging transaction in respect of the hedged Share Classes, they may not be completely protected from any adverse fluctuations between the currency in which it is denominated and the Fund's Operational Currencies.

  • The Funds may also hedge currency exposure to the Fund’s Base Currency in relation to assets denominated in the Operational Currencies.

  • The adoption of a currency hedging strategy may substantially limit holders of the hedged Share Class from benefiting if the denominated currency of the hedged Share Class falls against the Operational Currencies of the Fund.

  • Shareholders should note that hedged Share Classes are still exposed to foreign currency risks where hedging transactions, back to the Operational Currencies, are not in place inrespect of some or all of the underlying investments in the Fund where they are denominated in a currency other than the Share Class currency.

  • Currency hedging at Fund level may substantially limit the Shareholders of that Fund from benefiting if the Base Currency of the Fund falls against the Operational Currencies of the Fund.

  • In so far as a Fund has Classes of Shares that are not denominated in the Operational Currencies of the Fund in question, such Classes may be designated as hedged currency Share Classes.

  • There is no guarantee that the ACD will be successful in hedging the currency risk, nor that they will fully hedge the Operational Currencies exposure within the hedged Share Classes.


More Definitions of Operational Currencies

Operational Currencies means the ho lding currencies of the CGIAR Fund, i.e., United States dollars and additionally Euros, as and when enab led by the Trustee’s sy stems; and ea ch an “Operational Currency”.
Sample 1

Related to Operational Currencies

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Japanese Yen, (v) Canadian Dollars, (vi) Swiss Francs and (vii) any other currency (x) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars, (y) for which a LIBOR Screen Rate is available in the Administrative Agent’s reasonable determination and (z) that is reasonably acceptable to the Administrative Agent and each of the Revolving Lenders.

  • Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Foreign Currency means any currency other than the currency of Kenya;

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.