Base Currency definition

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

Base Currency means the currency of account of a Fund as specified in the relevant Supplement relating to that Fund.

Base Currency means US dollars.

Examples of Base Currency in a sentence

• For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

• The Liquidation Amount shall be paid in the Base Currency by the close of business on the Business Day following the completion of the termination and liquidation under this clause (converted as required by applicable law into any other currency, any costs of such conversion to be borne by you, and (if applicable) deducted from any payment to you).

• The Fund may also enter into forward foreign currency contracts to exchange one currency for another, including to convert excess foreign currency to Base Currency.

• The Base Currency of each Fund is specified in the relevant Supplement.

• Foreign currency obtained in this manner is not classified as borrowing for the purposes of Regulation 103(1) provided that the offsetting deposit (a) is denominated in the Base Currency and (b) equals or exceeds the value of the foreign currency loan outstanding.

More Definitions of Base Currency

Base Currency means the currency specified as such in Paragraph 11(a)(i).

Base Currency means Euro.

Base Currency means US Dollars.

Base Currency means EUR.

Base Currency means the base currency of a Fund as specified in the relevant Supplement;

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

Base Currency in relation to a Sub-Fund, means the currency of account of the Sub-