Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.
Alternative Currency Daily Rate Loan means a Committed 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 Daily Rate means, for any day, with respect to any Credit Extension:
Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.
Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.
Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.
Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.