Examples of Term Currency in a sentence
You must maintain Margin for Foreign Exchange Transactions in the Term Currency.
The difference (if any) between the amount of the Base Currency under the matching Position and the amount of the Term Currency under the original Position if positive, will be a “Realised Profit” and, if negative, will be a “Realised Loss”.
A Position may be Closed Out without a physical exchange of the Base Currency for the Term Currency and references in the definition of Position to an exchange of currency and settlement and in the definitions of Base Currency and Term Currency to amounts to be received by you or provided by you under a Position will be construed as if that Position were to be unwound by delivery.
In order to carry out a revaluation under this Schedule, OANDA will ascertain in relation to each Position, the amount of the Term Currency which could be purchased with the amount of the Base Currency at the Market Rate.
If you do not have Margin in the Term Currency in your Account (or relevant sub-account) or your Account (or relevant sub-account) has a negative account balance in the Term Currency but you have sufficient funds in another currency (at the current market rate), Fusion Markets may allow those other funds to be used to offset the required Margin.