Reference Currency Buyer definition

Reference Currency Buyer means, in respect of a Non-Deliverable Transaction, the party agreed between you and us as such and specified as such in the related Confirmation or, if none is specified, the party to which the Reference Currency is owed (or would have been owed if the Transaction were a Deliverable Transaction) on the Settlement Date;
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Reference Currency Buyer means in relation to ForexClear NDF Contract, the partyspecified as the ‘Reference Currency Buyer' in the Economic Terms
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Reference Currency Buyer means in relation to ForexClear Contract that is a Non-Deliverable FX Transaction, the party specified as the ‘Reference Currency Buyer' in the Economic Terms
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Examples of Reference Currency Buyer in a sentence

  • The term "Reference Currency Seller" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was the Reference Currency Buyer under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Seller.

  • The term "Reference Currency Buyer" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was the Reference Currency Seller under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Buyer.

  • Reference Currency Buyer: As specified in the Transaction Details Confirmation.

  • These Economic Terms are: Trade Date, Reference Currency, Reference Currency Notional Amount, Notional Amount or Forward Rate (one or both of these terms may be specified), Reference Currency Buyer, Reference Currency Seller, Settlement Currency, Valuation Date, Settlement Date, and Settlement.

  • FX Contracts of a Defaulter having different FX Settlement Dates may be combined, terminated and replaced by any transactions, Invoicing Back or the creation of new FX Contracts at the Clearing House's discretion, for purposes of liquidation of Contracts, hedging market risks of the Defaulter or otherwise, if the Defaulter is Reference Currency Buyer under one of the FX Contracts in respect of a particular currency and Reference Currency Seller under the other FX Contract in respect of the same currency.

  • Reference Currency Buyer means, in respect of a Non-Deliverable Transaction, the party specified as such in the related Confirmation or, if none is specified, the party to which the Reference Currency is owed (or would have been owed if the FX Transaction was a Deliverable Transaction) on the Settlement Date.

  • Rule 1705 Settlement of Financially-Settled FX Contracts (a)Either: (i) (ii) the Reference Currency Buyer shall be liable to pay the amount due under any Financially-Settled FX Contract to the Reference Currency Seller; or the Reference Currency Seller shall be liable to pay the amount due under the Financially-Settled FX Contract to the Reference Currency Buyer, as required under the Contract Terms, on the FX Settlement Date, in accordance with Parts 3 and 5 of the Rules and the Finance Procedures.

  • The term "Reference Currency Buyer" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was theReference Currency Seller under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Buyer.

  • FX Contracts of a Defaulter having different FX Settlement Dates may be combined, terminated and replaced by any transactions, Invoicing Back or the creation of new FX Contracts at the Clearing House’s discretion, for purposes of liquidation of Contracts, hedging market risks of the Defaulter or otherwise, if the Defaulter is Reference Currency Buyer under one of the FX Contracts in respect of a particular currency and Reference Currency Seller under the other FX Contract in respect of the same currency.

  • However, as set out more particularly in Regulation 105, where the ForexClear Transaction specifies a ForexClear Clearing Member as the Reference Currency Seller, with the other ForexClear Member as the Reference Currency Buyer, the Clearing House, in respect of each ForexClear Contract to which it is party pursuant to the corresponding ForexClear Transaction, shall be (i) the Reference Currency Buyer; and (ii) the Reference Currency Seller under such ForexClear Contract, respectively.


More Definitions of Reference Currency Buyer

Reference Currency Buyer means, in respect of a Transaction, the party specified as such in the related Confirmation or, if such a party is not specified, the party to which the Reference Currency is owed (or would have been owed if the Transaction were a Deliverable Transaction) on the Settlement Date;
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Reference Currency Buyer means in relation to ForexClear NDF Contract, the partyspecified as the ‘Reference Currency Buyer' in the Economic Terms"Reference Currency Seller"means in relation to ForexClear NDF Contract, the party specified as the ‘Reference Currency Seller’ in the Economic Terms"Reference Price"means a price (howsoever called) by reference to which a Contract is settled to market, marked to market, settled or valued in accordance with the Regulations and Procedures"Register of ForexClear Dealers"means the register which lists ForexClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as ForexClear Contracts by the Clearing House"Register of RepoClear Dealers"means the register which lists RepoClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as RepoClear Contracts or RepoClear Term £GC Contracts by the Clearing House or to deal through one or more Automated Trading Systems specified by the Clearing House in respect of each such RepoClear Dealer pursuant to which the Clearing House becomes a party to RepoClear Contracts or RepoClear Term£GC Contracts, as the case may be, in accordance with the terms of the RepoClear Dealer Clearing Agreement and Regulation 19"Register of SwapClear Dealers"means the register which lists SwapClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as SwapClear Contracts by the Clearing House"Registration Time"(i) in respect of SwapClear Contracts shall have the meaning given in Regulation 55(f); (ii) in respect of Listed Interest Rates Contracts shall have the meaning given in the Procedures; and (iii) in respect of RepoClear Contracts, RepoClear Term£GC Contracts, EquityClear Contracts and ForexClear Contracts, shall have the meaning given in the Procedures, in each case subject to Regulation 16(e)"Regulations"means the Clearing House’s General Regulations, Default Rules and Clearing House Settlement Finality Regulations, from time to time in force
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Reference Currency Buyer means, in relation to a Non-Deliverable FX Transaction, the Party specified as such for the transaction.
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Reference Currency Buyer. As specified in the Transaction Details Confirmation.
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Reference Currency Buyer means (A) in relation to a ForexClear NDF Contract, the
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Related to Reference Currency Buyer

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Available Currency means Dollars.

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

  • Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Index Currency means USD.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.