Examples of Put Currency in a sentence
Subject to Clause 6.3 and 6.5, on the Settlement Date, the Buyer shall deliver the Put Currency to the Seller for value on the Settlement Date and the Seller shall deliver the Call Currency to the Buyer for value on the Settlement Date.
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A Notice of Exercise shall specify: (a) the name of the Buyer; (b) the name of the Seller; (c) the Strike Price; (d) whether the Currency Option is a Put Option or Call Option; (e) the Expiration Date and the Expiration Time; (f) the Put Currency and amount and Call Currency and amount which is the subject of the exercise; (g) whether the Currency Option is being fully or partially exercised.
Unless otherwise stated in a Confirmation, a currency option which has not otherwise been exercised is deemed to have been exercised at the Expiration Time where the in-the-money amount of the currency option transaction equals or exceeds the product of one percent of the Strike Price multiplied by the Call Currency Amount or the Put Currency Amount (as appropriate).
On the Settlement Date, the Buyer shall pay or deliver the Put Currency to the Seller and the Seller shall pay or deliver the Call Currency to the Buyer for value on the Settlement Date.