BRL PTAX definition

BRL PTAX or "BRL09" each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days reported by the Banco Central do Brasil on SISBACEN Data System under transaction code PTAX-800 ("Consulta de Cambio" or Exchange Rate Inquiry), Option 5 ("Cotacoes para Contabilidade" or Rates for Accounting Purposes) at approximately 8:30 p.m., São Paulo time, on that Rate Calculation Date.
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BRL PTAX or “BRL09” means that the spot rate for a FX Fixing Date will be the BRL/US$ offered rate for US$, expressed as the amount of BRL per one US$, for settlement in two FX Business Days reported by the Banco Central do Brasil on its website by approximately 1:15 p.m., São Paulo time, on that FX Fixing Date. If an Exchange Rate Divergence Disruption Event has occurred at or before the FX Fixing Date, the Bank shall determine the BRL/U.S. Dollar offered rate for US$ in good faith and in commercially reasonable manner (which shall include, for avoidance of doubt, any effects from ▇▇▇▇▇▇ the Bank has to unwind, amend, adjust or re-contract), where:
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BRL PTAX or “BRL09” each means that the Spot Rate for a Rate Calculation Date will be the closing Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days, reported by the Banco Central do Brasil (www.bcb.gov.br; see “Cotações e boletins”) by approximately 1:15 p.m., São Paulo time, on that Rate Calculation Date.
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Examples of BRL PTAX in a sentence

  • Disruption Events and Fallbacks: Disruption Events: Price Source Disruption: Applicable Price Materiality: Applicable Primary Rate: BRL PTAX (BRL09) Secondary Rate: EMTA BRL Industry Survey Rate (BRLI2), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • Reference Currency: BRL Settlement Currency: USD Settlement Rate Option: BRL PTAX (BRL09) Valuation Date: Two Business Days prior to each Fixed Rate II Payment Date (each a “Scheduled Valuation Date”), subject to adjustment in accordance with the Preceding Business Day Convention; provided, however, that the adjustment shall be made in accordance with the Following Business Day Convention in the event of an Unscheduled Holiday.


More Definitions of BRL PTAX

BRL PTAX or “BRL09” each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days reported by the Banco Central do Brasil on SISBACEN Data System under transaction code PTAX-800 (“Consulta de
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BRL PTAX and “BRL09” each means that the exchange rate for the trade date or the determination date, as the case may be, will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one USD, for settlement in two business days reported by the Banco Central do Brasil on SISBACEN Data System under transaction code PTAX-800 (“Consulta de Cambio” or “Exchange Rate Inquiry”), Option 5 (“Cotacões para Contabilidade” or “Rates for Accounting Purposes”) by approximately 6:00 p.m., São Paulo time, or any successor rate or source as determined by the calculation agent in its sole discretion, on the trade date or the determination date, as the case may be.
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BRL PTAX means, for any Valuation Date, the Real/Dollar offered rate for Dollars, expressed as the amount of Reais per one Dollar, for settlement in two (2) Local Business Days, reported by the Central Bank on its website (taxas e cotações) by approximately 1:00 p.m., São Paulo time (or as such reporting is modified from time to time by the Central Bank), on such Valuation Date;
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Related to BRL PTAX

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