Value Day definition

Value Day or “Settlement Day” means a date specified in the relevant Confirmation for payment or delivery under a Transaction;
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Value Day means the date on which the foreign exchange agreed to be purchased or sold pursuant to a FX Contract is to be delivered or deferred.
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Examples of Value Day in a sentence

  • If the Payment Instruction is discarded, the RIX-RTGS Participant shall, before Value Day closure, ensure that sufficient funds are provided to the RIX-RTGS Participant’s Settlement Account and the Riksbank then registers a new Payment Instruction with Clearing Code AVG and the Riksbank as payee.Automatic debiting of fees does not take place via RIX-RTGS for operators of Clearing Organisations or settlement systems.

  • Calculation of variable fees is made daily when RIX-RTGS closes for the current Value Day.

  • If the amount obtained by the Fund from the realisation of its assets outside PRC is not adequate to pay the redemption proceeds, the Manager will realise a portion of the assets of the Fund in the PRC and convert such proceeds into United States dollars as soon as practicable on or about the Value Day, and will arrange to hedge the United States dollars back to Hong Kong dollars (the Fund’s base currency) accordingly.

  • If the amount obtained by the Fund from the realisation of its assets outside PRC is not adequate to pay the redemption proceeds, the Manager will realise a portion of the assets of the Fund in the PRC and convert such proceeds into United States dollars as soon as practicable on or about the Value Day, and may arrange to hedge the currency risk of RMB relative to US$ and US$ relative to Hong Kong dollars (the currency in which the redemption proceeds will be paid in) at the Manager’s discretion.

  • Redemption Price and Payment of Proceeds 1.5 The price per Unit shall be realised on the Value Day at the redemption price (that is, the net asset value per Unit as at the Value Day) less the Redemption Levy in accordance with the Trust Deed.

  • In order for a redemption request to be effected on the Value Day, the redemption request together with such Unitholder’s certificate of Units must be received by the Registrar not later than 4 : 30 p.m. (Hong Kong time) on the Lodgement Date; provided that the Unitholders are only entitled to make a redemption request under the Recurring Redemption Offer with respect to the Units they hold as of the Lodgement Date.

  • Under the One-off Redemption Offer, each Unit will be redeemed at the net asset value per Unit of the Fund on the Value Day, subject to the Redemption Levy (as discussed in more detail below).

  • Payments shall be made on each relevant Value Day or Settlement Day for value on that date specified in the relevant Confirmation or otherwise pursuant to the Terms and Conditions.

  • The net asset value per Unit of the Fund on the Value Day cannot be calculated as at the Latest Practicable Date.

  • Under the One-off Redemption Offer, the Manager will pay the Unitholders the net asset value of the eligible Units to be redeemed on the Value Day less a redemption levy of up to 2% of the redemption price.

Related to Value Day

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average daily attendance or "ADA" means actual average daily

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.