CAFX definition

CAFX means Corporate Alliance FX, which is the business or trading name of Corporate Alliance Group Pty Ltd. CAFX holds an Australian Financial Services License (AFSL ▇▇▇▇▇▇) and is authorised by the Australian and Securities Commission (ASIC) to provide financial services (advice and dealing activities) in relation to financial products in respect of wholesale clients. CAFX is also a registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a an Independent Remittance Dealer CAFX is the Corporate Alliance Entity that is primarily engaged in the provision of Financial Services (advise and dealing activities) in relation to CAFX’s Financial Products, including among others, FX Spot Contract (unless an exception applies), Forward Contract, Options Contract, other derivative products, and non-cash payment product. CAFIN is a business division within Corporate Alliance Group Pty Ltd that deals with Clients’ applications for Credit financing in relation to an FX Contract.
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Examples of CAFX in a sentence

  • The Premium must be paid to CAFX within two (2) Business Days of the Option being entered into.

  • If the unrealised loss of all your open Transactions falls below the Variation Margin requirements established elsewhere in this Agreement, based on our computation on any Business Day, then you may request that we return to you the difference between the unrealised loss of all open Transactions and the Variation Margin held by CAFX on that Business Day.

  • If CAFX determines, in its sole discretion, that the net market value of all of your open Transactions has declined and the unrealised loss when marked to market exceeds a percentage or fixed amount as CAFX may advise, of the notional value of the open Transactions, you are required to post Variation Margin as stated in the Margin Call issued by CAFX.

  • If CAFX does not receive Initial Margin or Variation Margin when due, CAFX, at its option and in its sole discretion, may close out any or all of your open Transactions and apply the proceeds first to reimburse CAFX for the amounts due under the Transactions, including all Losses, and remit the balance of the proceeds, if any, to you.

  • Duration of Appointment: Resident and fellow appointments are for twelve (12) months, renewed annually.

  • Each time the net market value of all of your open Transactions decline and the unrealised loss when marked to market further increase, CAFX may issue a Margin Call whereby you are required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day.

  • An Option will become legally binding as and from the time that the Transaction details are agreed between CAFX and you over the phone, or otherwise agreed by CAFX via email, and as further evidenced in the Transaction Confirmation.

  • You must immediately provide CAFX with Beneficiary Account details and deliver to us in full the Settlement Amount within twenty-four (24) hours.

  • If the proceeds of disposition are insufficient to fully satisfy the amount owing to CAFX, then you shall pay to CAFX the difference within one (1) clear Business Day.

  • You acknowledge that CAFX does not usually permit Forward to roll over at the rate(s) set out in the Transaction Confirmation applicable to the relevant Transaction (“Historical Rate Roll”).