Spot Foreign Exchange Contract Sample Clauses

Spot Foreign Exchange Contract. As defined in Clause 2.1.1
Sample 1Sample 2
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Spot Foreign Exchange Contract. The purchase or sale by the Bank of a specified amount of a specified currency at the current rate of exchange available to the Client as customer of the Bank, to be delivered on the Settlement Date. The Settlement Date is: for Major Currencies: two Working Days after the FX Transaction is entered into; in the case where one of the currencies is not a Major Currency: the longer of two Working Days or the standard delivery period that is generally accepted in the market for such non-major currency after the FX Transaction is entered into; in the case of an FX Transaction used for the main purpose of the sale or purchase of a transferable security or a unit in a collective investment undertaking: the shorter of five Working Days or the standard delivery period generally accepted in the market for the settlement of that transferable security or a unit in a collective investment undertaking. With respect to Major Currencies, it is possible to have a Settlement Date on the same day or next day, subject to availability and currency cut-off times. In such circumstances, the quote that the Bank provides to the Client with for such Spot Foreign Exchange Contract will take account of an adjustment based on the funding costs of the relevant currencies. To provide the Client with a quote for a Foreign Exchange Contract, the Bank will need to know the amount and the currencies that the Client would like to buy or sell. Exchange Contract as Means of Payment. The purchase or sale of a specified amount of a specified currency at an agreed rate of exchange to be delivered on an agreed future Settlement Date, which will be more than two Working Days after entering into the FX Transaction. The quote that the Bank provides the Client with for such Exchange Contract as Means of Payment will be based on the current rate of exchange available to the Client as customer plus or minus a forward adjustment based on the interest rate differential of the relevant currencies. To provide the Client with a quote for an Exchange Contract as Means of Payment, the Bank will need to know the amount and the currencies that the Client would like to buy or sell and the proposed Settlement Date.
Sample 1
Spot Foreign Exchange Contract. The purchase or sale by the Bank of a specified amount of a specified currency at the current rate of exchange available to the Client as customer of the Bank, to be delivered on the Settlement Date. The Settlement Date is: − for Major Currencies: two Working Days after the FX Transaction is entered into; − in the case where one of the currencies is not a Major Currency: the longer of two Working Days or the standard delivery period that is generally accepted in the market for such non-major currency after the FX Transaction is entered into; − in the case of an FX Transaction used for the main purpose of the sale or purchase of a transferable security or a unit in a collective investment undertaking: the shorter of five Working Days or the standard delivery period generally accepted in the market for the settlement of that transferable security or a unit in a collective investment undertaking. With respect to Major Currencies, it is possible to have a Settlement Date on the same day or next day, subject to availability and currency cut-off times. In such circumstances, the quote that the Bank provides to the Client with for such Spot Foreign Exchange Contract will take account of an adjustment based on the funding costs of the relevant currencies. To provide the Client with a quote for a Foreign Exchange Contract, the Bank will need to know the amount and the currencies that the Client would like to buy or sell.
Sample 1

Related to Spot Foreign Exchange Contract

  • Foreign Exchange PFPC Trust and/or sub-custodians may enter into or arrange foreign exchange transactions (at such rates as they may consider appropriate) in order to facilitate transactions under this Agreement, and such entities and/or their affiliates may receive compensation in connection with such foreign exchange transactions.

  • Foreign Exchange Risk Any foreign currency investments and exposures would normally be hedged via the use of forward foreign exchange contracts and/or currency options or preferably by a natural hedge with foreign pay liabilities of the Insurance Company. Unhedged foreign investments will be limited to 10% of invested assets at cost if judged appropriate. Unhedged exposure above this amount must be approved by the Investment Committee.

  • Information Exchange As soon as reasonably practicable after the Effective Date, the Parties shall exchange information regarding the design and compatibility of the Interconnection Customer’s Interconnection Facilities and Participating TO’s Interconnection Facilities and compatibility of the Interconnection Facilities with the Participating TO’s Transmission System, and shall work diligently and in good faith to make any necessary design changes.

  • Purchase Order Flip via Ariba Network (AN) The online process allows suppliers to submit invoices via the AN for catalog and non- catalog goods and services. Contractors have the ability to create an invoice directly from their Inbox in their AN account by simply “flipping” the purchase order into an invoice. This option does not require any special software or technical capabilities. For the purposes of this section, the Contractor warrants and represents that it is authorized and empowered to and hereby grants the State and the third-party provider of MFMP the right and license to use, reproduce, transmit, distribute, and publicly display within the system the information outlined above. In addition, the Contractor warrants and represents that it is authorized and empowered to and hereby grants the State and the third-party provider the right and license to reproduce and display within the system the Contractor’s trademarks, system marks, logos, trade dress, or other branding designation that identifies the products made available by the Contractor under the Contract.

  • Statewide HUB Program Statewide Procurement Division Note: In order for State agencies and institutions of higher education (universities) to be credited for utilizing this business as a HUB, they must award payment under the Certificate/VID Number identified above. Agencies, universities and prime contractors are encouraged to verify the company’s HUB certification prior to issuing a notice of award by accessing the Internet (xxxxx://xxxxx.xxx.xxxxx.xx.xx/tpasscmblsearch/index.jsp) or by contacting the HUB Program at 000-000-0000 or toll-free in Texas at 0-000-000-0000.

  • PARTIES TO MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding (hereinafter referred to as "MOU") is entered into on April 6, 2014, and amended on March 31, 2016 between the City Administrative Officer (CAO), as authorized management representative of the City Council, and the authorized management representatives of any City Departments in which classifications listed in the Appendices may be employed (hereinafter referred to as "Management") and authorized representatives of the Engineers and Architects Association (“EAA” or "Association") as the exclusive recognized employee organization for the Supervisory Administrative Unit.

  • MEMORANDUM OF UNDERSTANDING Re: Nurses Committee The parties acknowledge that the Registered Nurses’ Union Newfoundland and Labrador (RNUNL) have indicated that they have issues of concern unique to Nurses who live and work in Labrador and that the RNUNL will attempt to address these concerns through a committee which will be established subsequent to these negotiations.

  • THE MASTER AGREEMENT 8.1 Except as expressly provided in this Agreement the Master Agreement shall continue in full force and effect.

  • Compliance Between Individual Contract and Master Agreement An individual contract between the Board and an individual employee, heretofore or hereafter executed, shall be subject to and consistent with the terms and conditions of this Agreement. If an individual contract contains any language inconsistent with this Agreement, this Agreement during its duration shall be controlling.

  • CALENDAR FOR SUCCESSOR MEMORANDUM OF UNDERSTANDING In the event Union or Management desires a successor MOU, said party shall serve upon the other between April 1, 2018 and April 30, 2018, its written proposals for such successor MOU. Meet and confer sessions shall begin no later than thirty (30) calendar days following submittal of the proposals.

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