Payout Currency definition

Payout Currency means the currency for the Payout as specified in provision 11.
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Payout Currency means the currency that the customer designates, from among the currencies prescribed by the Bank, as that to be used for the payment to the receiver or for the crediting of amounts to the Receiver’s Bank Account for the relevant Money Transfer Transaction.
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Payout Currency means Philippine Peso.
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Examples of Payout Currency in a sentence

  • When, under the Home DGS’s Applicable Law, the Payout Currency is not the official currency of the Host DGS’s Member State, or is not the only official currency of the Host DGS´s Member State, the Payout Currency shall be specified in the Bilateral-Spec.

  • The Payout Currency shall be used: - by the Home DGS to determine the balances of covered deposits of Depositors and to generate the Payment Instructions; - by the Home DGS to calculate and send the Payout Amount; and - by the Host DGS to carry out the Repayment.

  • The Host DGS shall make payments available to the Host Depositors in the Payout Currency, using the Payment Method.

  • The currency of the account shall be the same as the Payout Currency.

  • The Payout Currency shall be determined by the Home DGS’s national legislation and communicated by the Home to the Host DGS.


More Definitions of Payout Currency

Payout Currency means the currency specified as such in the applicable Final Terms;
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Related to Payout Currency

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Settlement Currency means Pounds sterling ("GBP").

  • Other Currency has the meaning specified in Section 1.15.

  • Agreement Currency has the meaning specified in Section 10.19.

  • Judgment Currency has the meaning specified in Section 10.19.

  • Termination Currency means United States Dollars.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Second Currency has the meaning specified in Section 14.19.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Index Currency means USD.

  • Approved Currency means Dollars and any Alternative Currency.