Currency Option definition

Currency Option means an Option in respect of currency;

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Currency Option means each option to purchase or to sell foreign currency that the Bank may from time to time grant to or purchase from the Customer.

Currency Option means a term of a contract under which a creditor has the right to require payment in any one of two or more currencies;

Examples of Currency Option in a sentence

• With respect to any Disruption Event that is applicable to an FX Transaction or Currency Option Transaction pursuant to the Definitions or as otherwise agreed by the Parties as evidenced by a Confirmation, Section 9 of the Agreement shall not be applicable in respect of such FX Transaction or Currency Option Transaction, and the Parties shall be subject to the Disruption Fallbacks (including but not limited to No Fault Termination) specified as applicable pursuant to the Definitions or such Confirmation.

• Notwithstanding Sections 2.4 and 11.12 of the Agreement, in the event of any inconsistency between the terms of a Confirmation for an FX Transaction or Currency Option Transaction and the Agreement, the terms of the Confirmation shall prevail.

• The 1998 FX and Currency Option Definitions (the “FX Definitions”), published by the International Swaps and Derivatives Association, Inc., the Emerging Markets Traders Association and The Foreign Exchange Committee, are hereby incorporated by reference with respect to FX Transactions (as defined in the FX Definitions) and Currency Option Transactions (as defined in the FX Definitions).

• Reference is hereby made to the 2006 ISDA Definitions (the “2006 Definitions”) and the 1998 FX and Currency Option Definitions (the “FX Definitions”) (collectively the “ISDA Definitions”) each as published by the International Swaps and Derivatives Association, Inc., which are hereby incorporated by reference herein.

• Without limitation of the forgoing, where an FX Transaction or Currency Option Transaction is confirmed by means of exchange of electronic messages on an electronic messaging system or by means of facsimile or telex (whether manually or automatically generated) or other document or confirming evidence shall constitute a Confirmation for the purposes of this Agreement even where not so specified therein.

• Unless the parties expressly agree in a Confirmation of a Deliverable Currency Option Transaction that this sentence shall be inapplicable to such Deliverable Currency Option Transaction, Party A may, by notice to Party B before the Settlement Date of any Deliverable Currency Option Transaction, require that each party pay the USD Equivalent of the amount payable by under such Deliverable Currency Option Transaction.

• Unless otherwise specified in the relevant Confirmation, “Automatic Exercise” will apply to any Currency Option Transaction under this agreement.

• In respect of an Exercise Date under a Deliverable Currency Option Transaction, on the Settlement Date, except as otherwise set forth in this Section 3.7(a), Buyer will pay to Seller the Put Currency Amount and Seller will pay to Buyer the Call Currency Amount, subject to the provisions of Section 3.6(c), any other applicable condition precedent and any applicable provisions of Article 5.

• In the case of a partial termination and discharge (i.e., where the relevant Currency Option Transactions are for different amounts of the Currency Pair), the remaining portion of the Currency Option Transaction which is partially discharged and terminated shall continue to be a Currency Option Transaction for all purposes of this Agreement, including this Section 3.4(c).

• The definitions and provisions contained in the 1998 FX and Currency Option Definitions (including Annex A thereto), as published by the International Swaps and Derivatives Association, Inc., EMTA, Inc.

More Definitions of Currency Option

Currency Option has the meaning specified in Section 2.12(b)(i) hereof.

Currency Option means a standardised foreign exchange derivative contract traded on recognised stock exchanges in IFSCs where the purchaser of the option has the right but not the obligation to purchase (call option) / sell (put option) and the seller (or writer) of the option agrees to sell (call option) / purchase (put option) an agreed amount of a specified currency at a price agreed in advance and denominated in another currency (known as the strike price) on a specified date in the future.

Currency Option style: European

Currency Option. (USD30,000,000.-) NIL - maximum maturity : up to a maximum of 6 months forward for buying in option only Terms and Conditions Contracts for treasury products may only be entered into under these facilities to cover exchange rate exposure incurred in the normal course of your business. All treasury product facilities remain subject to our overriding right to call for cash cover on demand if in the Bank's view your mark-to-market position with us requires such cover. Further, the Bank may, after having made reasonable attempts to discuss the position with yourselves, close out any or all of your outstanding treasury products contracts and demand settlement of the balance due. All spot and forward foreign exchange transactions and all currency option transactions shall be subject to the terms of a Master Agreement in form published by the International Swaps and Derivatives Association ("ISDA"). Commercial Card Facility HKD1,100,000.- NIL Commercial Cards approved by us and to be issued to your executives. The terms and conditions governing the Commercial Card Facility are detailed in our HSBC Commercial Card Employer's Participation Agreement to be signed by you. Default Interest Please note that interest will be payable on sums which are overdue, drawings which are in excess of agreed limits and amounts demanded and not paid, at the maximum rate stipulated in the Bank's Tariff which is accessible at http://www.hsbc.com.hk/hk/commercial/tool/pdf/c_tariff.pdf. The Bank ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇ hard copy of the Tariff at your request. Interest at the applicable rate will be payable monthly in arrears to the debit of your current account.

Currency Option means a contract entered into between the Issuer and a Currency Hedge Counterparty having regulatory capacity for the purposes of Dutch law under which the Issuer has the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified time.

Currency Option means a transaction under which a party to this agreement is granted an option to exchange two currencies with the other party at a specified exchange rate during a specified period of time. Foreign Exchange Application Form is a form provided by ICBCNZ and completed by a Customer under which a Customer applies to enter into a Foreign Exchange Transaction. Foreign Exchange Swap Transaction means a transaction under which the parties to this agreement agree to exchange two currencies at a specified exchange rate at a specified time in the future. Foreign Exchange Transaction means transactions which provide for the purchase of one currency in exchange for the simultaneous sale of another currency in the spot or forward foreign exchange markets but excludes Currency Options, Cross Currency Swaps and Foreign Exchange Swap Transactions. GST means any tax, levy, charge or impost implemented under Goods and Services Tax ▇▇▇ ▇▇▇▇. Insolvency Event means the happening of any of the following events: