Examples of PTAX Rate in a sentence
If, however, 30 consecutive calendar days pass without publication of the Central Bank of Brazil BRL PTAX Rate, CME shall otherwise determine the Final Settlement Price.
This value reflects the closing value of Ibovespa, as reported in real, divided the Brazil PTAX Rate, which is the average exchange rate for U.S. dollars calculated and reported by the Brazil Central Bank at the end of each day and reported on Bloomberg screen BZFXPTAX.
Procedures if Central Bank of Brazil BRL PTAX Rate is Available after Commencement of a Deferral PeriodUpon publication of the Central Bank of Brazil BRL PTAX rate after a deferral period commences, and provided no price materiality percentage was met for that day, CME shall determine the Final Settlement Price using the reciprocal of such Rate rounded to 5 decimal places and the Brazilian real/U.S. dollar futures contract shall be settled on such day.
First, the BRL-USD foreign exchange FX reference price for the currency conversion of the settlement price is the BRL PTAX Rate, which is the same rate referenced for the Brazilian NDF, the largest NDF market in the world.
If the PTAX Rate is not available for any reason on Bloomberg page <USDBRL PTAX> <Curncy> or on any successor page or on the website of the Central Bank of Brazil (https://www.bcb.gov.br/en) or on any successor website, the Calculation Agent shall determine that a "Price Source Disruption Event" has occurred, and shall promptly notify the Issuer and the Agent (who will in turn inform the Noteholders) of such occurrence.