Restricted Currencies definition

Restricted Currencies means all currencies not listed as Mature Currencies;
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Restricted Currencies means those currencies defined by RBCIS as restricted currencies in the Global Custody Terms and Conditions.
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Examples of Restricted Currencies in a sentence

  • The Customer acknowledges that the risks arising out of entering into FX Transactions in Restricted Currencies are significantly greater than they would be in relation to other currencies, and notwithstanding any other provision of this Agreement, the Customer shall be solely responsible for any and all Losses arising or resulting from such increased risks.

  • The Customer is responsible for being aware of and understanding the specific risks and any legal and regulatory aspects involved in transacting in Restricted Currencies and RBCIS shall not bear any responsibility related thereto.

  • For Mature Currencies, this will be up to hourly and for Restricted Currencies this may be at number of intervals or at a single time.

  • FX Transactions in Restricted Currencies against a non-US Dollar base currency may be executed, priced and recorded in RBCIS’ books and records as two individual component transactions against the US Dollar (i.e. EURKRW may be calculated through a combination of EURUSD and USDKRW).

  • For Restricted Currencies, FX Transactions for Standing Instruction Mandate FX Services in are aggregated and may be executed at a number of intervals or at a single time, unless RBCIS has entered into a written agreement with the Customer otherwise.

  • However, prior approval should be obtained to deal with Specified Persons and in Restricted Currencies of Israel, Serbia and Montenegro.

  • However, prior approval should be obtained for MSC status companies to deal with Specified Persons or in Restricted Currencies of Israel, Serbia and Montenegro.

  • However, prior permission should be obtained to deal with Specified Persons and in Restricted Currencies of Israel, Serbia and Montenegro.

  • The Customer further acknowledges and agrees that it is responsible for being aware of and understanding the specific risks and any legal and regulatory aspects involved in transacting in Restricted Currencies and RBCIS shall not bear any responsibility related thereto.

  • However, prior permission should be obtained for MSC status companies to deal with Specified Persons or in Restricted Currencies of Israel, Serbia and Montenegro.

Related to Restricted Currencies

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank 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 means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

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

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.