1998 FX and Currency Option Definitions Clause Samples

The 1998 FX and Currency Option Definitions serve as a standardized set of contractual terms and provisions for foreign exchange (FX) and currency option transactions. These definitions provide a common legal and operational framework for parties entering into FX spot, forward, swap, and option contracts, detailing how trades are confirmed, settled, and managed. By establishing uniform terminology and procedures, the Definitions help reduce misunderstandings and disputes, ensuring clarity and efficiency in the global FX derivatives market.
1998 FX and Currency Option Definitions. The 1998 FX and Currency Option Definitions as published by ISDA, EMTA and the Foreign Exchange Committee (the "Definitions") shall be applicable to each FX Transaction and Option under the Agreement, including any FX Transaction or Option outstanding on the date hereof, subject to the following:
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1998 FX and Currency Option Definitions. The 1998 FX and Currency Option Definitions as published by ISDA, EMTA and the Foreign Exchange Committee (the "Definitions") shall be applicable to each FX Transaction and Option under the Agreement, including any FX Transaction or Option outstanding on the date hereof, subject to the following: A. Definitions: 1. The term "Agreement" in Section 2.2 of the Agreement shall include the Agreement as modified and supplemented by this Part. 2. The term "FX Transaction" and "Currency Option Transaction" in the Definitions or in a Confirmation shall in all cases by considered references to an "FX Transaction" and "Option" under the Agreement.
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1998 FX and Currency Option Definitions. The 1998 Definitions use the terms “FX Transac- tion” and “Currency Option Transaction,” whereas the FXC Master Agreements use “FX Transaction” and “Currency Option.” IFXCO uses the terms of the 1998 Definitions. The 1998 Definitions use the term “Settlement Date” for both FX Transactions and Currency Option Transactions, whereas the FXC Master Agreements use the traditional term “Value Date” for FX Transac- tions. IFXCO follows the 1998 Definitions in using the term “Settlement Date” for both. Note that, in general, any term used in the 1998 Definitions that is not otherwise defined in IFXCO has the meaning given to it in the 1998 Definitions. Accordingly, the following terms are no longer separately defined in IFXCO, as they (or their analogs) are already defined in the 1998 Definitions: “American Style Option,” “Buyer,” “Call,” “Call Currency,” “Confirmation,” “Currency Pair,” “European Style Option,” “Exercise Date,” “Expiration Date,” “Expiration Time,” “In-the-Money Amount,” “Notice of Exercise,” “Premium,” “Premium Payment Date,” “Put,” “Put Currency,” “Seller,” “Spot Price,” and “Strike Price.” The definition of “Business Day” has been revised to conform to that of the 1998 Definitions, although it also includes special provisions for two situations that arise under IFXCO (see Annex 1). Furthermore, numerous provisions of the FXC Master Agreements were deemed unnecessary for IFXCO because their analogs are included in the 1998 Definitions and incorporated by reference in IFXCO. These include the provisions for payment of the Premium on a Currency Option Transaction, exercise and settlement of Currency Option Transactions, and settlement of FX Transactions.
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Related to 1998 FX and Currency Option Definitions

  • Transfer Definitions For purposes of this Article 7 “

  • Additional Definitions The following terms have the meanings given below:

  • Amendments to Equity Definitions (i) Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) deleting from the fourth line thereof the word “or” after the word “official” and inserting a comma therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) the occurrence of any of the events specified in Section 5(a)(vii)(1) through (9) of the ISDA Master Agreement with respect to that Issuer.” (ii) Section 12.9(b)(i) of the Equity Definitions is hereby amended by (1) replacing “either party may elect” with “Dealer may elect” and (2) replacing “notice to the other party” with “notice to Counterparty” in the first sentence of such section.

  • Background; Use of Funds; Definitions This Note constitutes the consideration payable to the Lender for the Series Collection Drop 004 Asset (the “Series Asset”) pursuant to the Purchase and Sale Agreement relating to the Series Asset that was entered into between the Company and the Lender on or about the date hereof. As used in this Note, the following terms shall have the following meanings:

  • Key Definitions As used herein, the following terms shall have the following respective meanings: