Units of Account definition

Units of Account means the Special Drawing Rights (SDR) as defined by the International Monetary fund.
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Units of Account means the currency of the Bank as determined by or under the Agreement, each Unit having a value equivalent to one Special Drawing Right of the IMF;
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Units of Account means the Special Drawing Right as defined by the International Monetary Fund.
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Examples of Units of Account in a sentence

  • The complete scope of work covered by the BA Agreement is assessed with a value of 1 000 000.00 BA Units of Account (BAUA), 500 000.00 of which are provided by Euratom.

  • The Bank’s policy is to minimize the potential fluctuation of the value of its net worth measured in Units of Account by matching, to the extent possible, the currency composition of its net assets with the currency basket of the SDR (the Unit of Account).

  • These funds, held separately from those of the ordinary resources of the Bank, are maintained and accounted for in specific currencies, which are translated into Units of Account at exchange rates prevailing at the end of the year.

  • The total agreed budget for the Fund was 1.3 billion European Units of Account over a three year period (1975-8), representing around 5 percent of the Community budget.

  • To this effect, the Customer’s invoice value of the Goods plus freight, charges and insurance premium, if paid by the Customer is presumed to be the value of the Goods, (2) The Company shall in no event be liable for any loss of or damage to the Goods in an amount exceeding the equivalent of 2 Units of Account per kilogram of gross weight of the Goods lost or damaged.

  • To avoid creating new currency mismatches, the Bank requires its borrowers to service their loans in the currencies disbursed.Because a large part of its balance sheet is funded by equity resources, which are reported in Units of Account (equivalent to the SDR), the Bank has a net asset position that is potentially exposed to translation risk when currency exchange rates fluctuate.

  • Execution of an Order on the Market shall entail the irrevocable commitment, at a given date: - for the buyer to take Delivery of the Quantity of Units of Account and to pay the agreed Price in accordance with the applicable Delivery and Payment procedures, - for the seller to deliver the Quantity of Units of Account and receive Payment of the agreed Price in accordance with the applicable Delivery and Payment procedures.

  • The Senegalese Government will provide, as counterpart contribution, One Million Two Hundred and Four Units of Account (UA 1.204 million, or 10% of the total project funding).

  • In respect of claims arising on any distinct occasion for loss of life or personal injury to passengers of ship, the limit of liability of the shipowner thereof shall be an amount of 175,000 Units of Account multiplied by the number of passengers which the ship is authorised to carry according to the ship’s certificate.”.

  • The Bank will contribute Ten Million Eight Hundred and Forty Thousand Units of Account (UA 10.84 million) in the form of an ADF loan.

Related to Units of Account

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Unit of account means the Special Drawing Right as defined by the International Monetary Fund.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Financial Account means an account maintained by a Financial Institution, and includes: (1) in the case of an Entity that is a Financial Institution solely because it is an Investment Entity, any equity or debt interest (other than interests that are regularly traded on an established securities market) in the Financial Institution; (2) in the case of a Financial Institution not described in subparagraph 1(q)(1) of this Article, any equity or debt interest in the Financial Institution (other than interests that are regularly traded on an established securities market), if (i) the value of the debt or equity interest is determined, directly or indirectly, primarily by reference to assets that give rise to U.S. Source Withholdable Payments, and (ii) the class of interests was established with a purpose of avoiding reporting in accordance with this Agreement; and (3) any Cash Value Insurance Contract and any Annuity Contract issued or maintained by a Financial Institution, other than a noninvestment- linked, nontransferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is excluded from the definition of Financial Account in Annex II. Notwithstanding the foregoing, the term “Financial Account” does not include any account that is excluded from the definition of Financial Account in Annex II. For purposes of this Agreement, interests are “regularly traded” if there is a meaningful volume of trading with respect to the interests on an ongoing basis, and an “established securities market” means an exchange that is officially recognized and supervised by a governmental authority in which the market is located and that has a meaningful annual value of shares traded on the exchange. For purposes of this subparagraph 1(q), an interest in a Financial Institution is not “regularly traded” and shall be treated as a Financial Account if the holder of the interest (other than a Financial Institution acting as an intermediary) is registered on the books of such Financial Institution. The preceding sentence will not apply to interests first registered on the books of such Financial Institution prior to July 1, 2014, and with respect to interests first registered on the books of such Financial Institution on or after July 1, 2014, a Financial Institution is not required to apply the preceding sentence prior to January 1, 2016.

  • Note Account As defined in the Indenture.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Separate Accounts means the accounts which are to be prepared for each

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Investment Account As defined in Section 3.12(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Regular account means the account established for each active and inactive member un-

  • Direct Account : means any Account which is not an ISA Account.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Subaccount means any subaccount designated and established hereunder.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;