Spot FX definition

Spot FX means the spot BRL/USD foreign exchange rate on the relevant date as determined by the Determination Agent.
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Spot FX means an agreement between two (2) parties to buy one (1) currency while selling another currency at an agreed price for settlement on the spot date (i.e. within a period of 0 – 5 business days). The exchange rate at which the transaction is executed is referred to as the spot exchange rate.
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Spot FX means the price that a currency pair is quoted at, for an immediate ‘on the spot’ transaction.
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Examples of Spot FX in a sentence

  • Third, as discussed above, the reference used for the Spot FX Rate is very reliable and widely available, and used by numerous market participants.

  • The Spot FX Rate is determined on the Valuation Date by reference to the relevant EMTA Template for the applicable non-deliverable currency, or the WM/Reuters Closing Spot Rate for deliverable currencies, expressed in USD.

  • Second, as noted above, the method for calculating the cash settlement price – calculating the difference between the Spot FX Rate and the Contract Rate – is widely used and generally accepted by market participants.

  • The last trading day is the Valuation Date, when the difference between the prevailing Spot FX Rate and the agreed upon Contract Rate is calculated.

  • On the Valuation Date, the parties will agree on the Spot FX Rate, which will be expressed as Reference Currency per unit of Settlement Currency.

  • They will calculate the difference between the NDF Contract Price or Rate andthe Spot FX Price or Rate and multiply that difference by the notional amount, to arrive at the cash settlement price.

  • Date, agreed by counterparties, on which the difference between the Spot FX Rate and the Contract Rate is calculated.

  • Spot FX contract are not financial instruments under MiFID II/MiFIR.

  • A Spot FX Product is an OTC agreement to exchange an amount in one currency for an amount in another currency at an Exchange Rate agreed on the day of the trade.

  • Base Currency means the first currency represented in a currency pair in respect of a Spot FX OTC Contract.


More Definitions of Spot FX

Spot FX means a product group where a Deliverable Currency is offered for another Deliverable Currency; Spot XBT means a product group where Bitcoin is offered for a Deliverable Currency; Target Company means a company which is fully or partly owned by a Private Limited Company; Term means the period of time during which you/yourselves, on the basis of the sole discretion of BlockSettle, have been accepted as a Participant and is bound by this Agreement; Terminal means the BlockSettle Terminal; Trading Participant means a BlockSettle accepted user of the Service who (i) complies with the BlockSettle’s KYC requirements as well as relevant AML- legislation and AML-Regulation, (ii) has entered into this Agreement with BlockSettle (incl. general terms and conditions and Privacy Policy), and (iii) adheres to and complies with any other terms, conditions or requirements as otherwise decided by BlockSettle (if any and relevant), prior to the commencement of using the Service,
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Related to Spot FX

  • Spot film means a radiograph which is made during a fluoroscopic examination to permanently record conditions which exist during that fluoroscopic procedure.

  • Spot Rate for a currency means the rate determined by the Administrative Agent or the L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that the L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.

  • Spot network means a type of electric distribution system that uses two or more inter-tied transformers to supply an electrical network circuit. A spot network is generally used to supply power to a single customer or a small group of customers. Spot network has the same meaning as the term "spot network" defined in Section 4.1.4 of IEEE Standard 1547.

  • Spot-film device means a device intended to transport or position a radiographic image receptor between the x-ray source and fluoroscopic image receptor. It includes a device intended to hold a cassette over the input end of an image intensifier for the purpose of making a radiograph.

  • Spot remover means any product labeled to clean localized areas, or remove localized spots or stains on cloth or fabric such as drapes, carpets, upholstery, and clothing, that does not require subsequent laundering to achieve stain removal. Spot remover does not include dry cleaning fluid, laundry pre-wash, or multi-purpose solvent.

  • NSPOT means NCDEX Spot Exchange Ltd., which has been appointed by FCI for conducting E-Auction on its behalf.

  • spot market means any commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, as well as other non financial markets, such as forward markets for commodities.

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Agent’s Spot Rate of Exchange means the Agent's spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • Spot Rate of Exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • Spot means the currency transaction made at the current Market Price with a subsequent delivery/settlement on the second business/banking day upon the transaction made;

  • Revaluation Date means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant to Section 2.02, and (iii) such additional dates as the Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the L/C Issuer under any Letter of Credit denominated in an Alternative Currency, and (iv) such additional dates as the Administrative Agent or the L/C Issuer shall determine or the Required Lenders shall require.

  • Open burning means the combustion of any material without the following characteristics:

  • IRDAI means the Insurance Regulatory and Development Authority of India.

  • Distributor branch means a branch office similarly maintained by a distributor for the same purposes a factory branch is maintained.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Option Exchange Ratio means the quotient obtained by dividing (i) the Cash Amount Per Share by (ii) the Acquiror Common Stock Price.

  • TFEU means the Treaty on the Functioning of the European Union;

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Franc, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market or the relevant local market, if applicable, and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Manufactured good means a good brought to the construction site for incorporation into the building or work that has been--

  • U.S.-Canadian Exchange Rate means, on any date:

  • Canada Yield Price means a price equal to the price of the Notes (or the portion thereof to be redeemed) calculated to provide a yield to maturity equal to the sum of the Government of Canada Yield calculated at 10:00 a.m. (Toronto time) on the third Business Day preceding the redemption date plus the Applicable Spread;