FX Definitions Sample Clauses
The FX Definitions clause establishes the standard terms and conventions used for foreign exchange (FX) transactions within the agreement. It typically outlines how currencies, settlement dates, and calculation methods are defined and interpreted, ensuring that both parties have a common understanding of key concepts such as value date, spot rate, and business day conventions. By providing clear and consistent definitions, this clause minimizes the risk of misunderstandings or disputes related to FX trades, thereby promoting smooth and efficient transaction processing.
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FX Definitions. The definitions and provisions contained in the 1998 FX and Currency Option Definitions (including Annex A thereto), as published by the International Swaps and Derivatives Association, Inc., EMTA, Inc. (“EMTA”) and the Foreign Exchange Committee, and as modified or amended in the Master Agreement (as defined in paragraph 11 below) (the “1998 Definitions”), are incorporated into this Multilateral Master Confirmation. Any amendments or successor definitions to the 1998 Definitions are incorporated into this Multilateral Master Confirmation with respect to each NDF Transaction that has a Trade Date that falls on or after the effective date of such amendments or successor definitions, and are referred to herein (together with the 1998 Definitions) as the FX Definitions. For the avoidance of doubt, if amendments or successor definitions to the 1998 Definitions become effective after the Trade Date of a NDF Transaction, such amendments or successor definitions shall not apply to or amend the terms of such NDF Transaction, unless otherwise agreed by the Adhering Parties that entered into such NDF Transaction.
FX Definitions. The Master Confirmation incorporates the terms of the 1998 Definitions, as those terms may have been modified or amended in the Master Agreement between the parties. Any amendments to the 1998 Definitions, or successor definitions that replace the 1998 Definitions, are incorporated into the Master Confirmation only on a prospective basis. That is, such amendments or successor definitions will apply to new NDF Transactions entered into on or after their effective date but not to outstanding NDF Transactions entered into prior to their effective date. The parties, however, may agree to change this general rule (e.g., in a separate bilateral agreement or a subsequent agreement that applies on a multilateral basis).
FX Definitions. The definitions and provisions contained in the 1998 FX and Currency Option Definitions (including Annex A thereto) (the “1998 Definitions”), as published by the International Swaps and Derivatives Association, Inc., EMTA, Inc. (“EMTA”) and the Foreign Exchange Committee are incorporated into this Master Confirmation. Any amendments or successor definitions to the 1998 Definitions are incorporated into this Master Confirmation with respect to each NDF Transaction that has a Trade Date that falls on or after the effective date of such amendments or successor definitions, and are referred to herein (together with the 1998 Definitions, if applicable) as the FX Definitions. For the avoidance of doubt, if amendments or successor definitions to the 1998 Definitions become effective after the Trade Date of a NDF Transaction, such amendments or successor definitions shall not apply to or amend the terms of such NDF Transaction, unless otherwise agreed by the parties to such NDF Transaction.
FX Definitions. The provisions of the 1998 FX and Currency Option Definitions published by ISDA, the Emerging Markets Traders Association and the Foreign Exchange Committee (the “FX Definitions”) are hereby incorporated by reference and shall apply to FX Transactions and Currency Option Transactions entered into by the Offices of the Parties specified in Part 4 (a). FX Transactions and Currency Option Transactions are each deemed to be Transactions pursuant to the Agreement. In the event of any inconsistency between the 2006 Definitions and the FX Definitions, the FX Definitions shall prevail with respect to an FX Transaction or a Currency Option Transaction. In the event of any inconsistency between the provisions of this Agreement and the 2006 Definitions or the FX Definitions, the provisions of this Agreement shall prevail. All confirmations howsoever described and whether by means of electronic messaging system, letter, telex, facsimile or otherwise in respect of FX Transactions and Currency Option Transactions shall constitute “Confirmations” as referred to in this Agreement even where not so specified in such confirmation.
FX Definitions. The Master Confirmation incorporates the terms of the1998 Definitions. Any amendments to the 1998 Definitions, or successor definitions that replace the 1998 Definitions, are incorporated into the Master Confirmation only on a prospective basis. That is, such amendments or successor definitions will apply to new NDF Transactions entered on or after their effective date but not to outstanding NDF Transactions entered prior to their effective date. The parties, however, may agree to change this general rule (e.g., in a separate bilateral agreement or an agreement that applies on a multilateral basis).
FX Definitions. Reference is hereby made to the 1998 FX and Currency Option Definitions published by ISDA, the Emerging Markets Traders Association and The Foreign Exchange Committee, as amended, supplemented, updated or superseded from time to time (the “FX Definitions”), which are hereby incorporated by reference herein and will apply to each FX Transaction or Currency Option Transaction (each as defined in the FX Definitions) entered into hereunder. With respect to any FX Transaction or Currency Option Transaction entered into between the parties, any reference to an “FX Transaction” or “Currency Option Transaction” in the FX Definitions is deemed to be a reference to a “Transaction” for purposes of this Agreement or any Confirmation, and any reference to a “Transaction” in this Agreement or any Confirmation is deemed to be a reference to an “FX Transaction” or “Currency Option Transaction” for purposes of the FX Definitions.
FX Definitions. The 1992 ISDA FX and Currency Option Definitions, as published by the International Swaps and Derivatives Association, Inc. (the "FX Definitions") are incorporated by reference into this Agreement. Any terms used and not otherwise defined in this Agreement that are contained in the FX Definitions shall have the respective meanings specified therein, in the event of any inconsistency between the FX Definitions and the 1991 Definitions, the FX Definitions shall prevail with respect to an FX Transaction or a Currency Option. In the event of any inconsistency between the FX Definitions and the provisions otherwise contained in this Agreement, those provisions otherwise contained in this Agreement shall prevail. The following amendments are made to the FX Definitions:
FX Definitions. The 1992 ISDA FX and Currency Option Definitions published by ISDA (the "FX Definitions") are incorporated by reference herein. Any terms used and not otherwise defined herein which are defined in the FX Definitions shall have the meaning set forth therein. ANNEX A International Swap Dealers Association, Inc. May 1989 Addendum to Schedule to Interest Rate and Currency Exchange Agreement Interest Rate Caps, Collars and Floors
(1) As used in this Agreement or in a Confirmation (i) "Rate Protection Transaction" will mean any Swap Transaction that is identified in the related Confirmation as a Rate Protection Transaction, Rate Cap Transaction, Rate Floor Transaction or Rate Collar Transaction and (ii) "Specified Swap" means, notwithstanding Section 14 of this Agreement but subject to Part 1 of this Schedule, any rate swap, rate cap, rate floor, rate collar, currency exchange transaction, forward rate agreement or other exchange or rate protection transaction, or any combination of such transactions or agreements or any option with respect to any such transaction now existing or hereafter entered into between one party to this Agreement (or any applicable Specified Entity) and the other party to this Agreement (or any applicable Specified Entity).