Account Base Currency definition

Account Base Currency has the meaning set out in clause 7.3.6;
View Source
Account Base Currency means the primary currency of your Account as specified in your Account opening documentation or sole currency of your Account (as the case may be) and which may be amended from time to time by written notice to us;
View Source
Account Base Currency means the designated currency in the Client’s Account;
View Source

Examples of Account Base Currency in a sentence

  • Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us.

  • If any interest costs, commission and other charges to be debited to your Account are in a Currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • If you direct GCMT to fund Margin from funds denominated in a currency other than the Account Base Currency, GCMT will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by GCMT.

  • If any interest costs, commission, and other charges to be debited to your Account are in a Currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • Any sums deposited in 25 your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us.

  • When a Position is closed, you accept that a payment will pass between us equal to the difference in value expressed in your Account Base Currency between the Opening Price of that Position and the corresponding Closing Price.

  • If any interest costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us.

  • If you direct Gain Capital UK to fund Margin from funds denominated in a currency other than the Account Base Currency, Gain Capital UK will be authorised to convert those funds for Margin at a rate of exchange reasonably determined by Gain Capital UK.

  • All trades will be conducted in the currency appropriate to the trade and will be converted into your Account Base Currency at the prevailing Exchange Rate for the purposes of calculating the components of your account summary.

  • If any interest costs and other charges to be debited to your Account are in a Currency other than the Account Base Currency they may be converted to that Account Base Currency at the conversion rate as determined by us.


More Definitions of Account Base Currency

Account Base Currency means Australian dollars or the currency as agreed under Clause 8.6 of this Agreement; Bullion means gold or silver;
View Source

Related to Account Base Currency

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Applicable Currency means, as to any particular payment, Borrowing or Loan, Dollars or the Foreign Currency in which it is denominated or payable.

  • Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.