Dual Counter definition

Dual Counter means the facility by which the Units of a Sub-Fund traded in RMB and traded in HKD are each assigned separate stock codes on the SEHK and are accepted for deposit, clearance and settlement in CCASS in more than one eligible currency (RMB or HKD) as described in the relevant Appendix of this Prospectus.
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Dual Counter means the facility by which the Units of a Sub-Fund traded in HKD and traded in USD are each assigned separate stock codes on the SEHK and are accepted for deposit, clearing and settlement in CCASS in more than one eligible currency (HKD or USD) as described in Part 2 of this Prospectus.
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Dual Counter means, in respect of Listed Class of Units, the facility by which the Units of a Sub-Fund traded in two different currencies are each assigned separate stock codes on the SEHK and are accepted for deposit, clearing and settlement in CCASS in more than one eligible currency as described in Part 2 of this Prospectus.
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Examples of Dual Counter in a sentence

  • Dual Counter risks – The SEHK’s Dual Counter model in Hong Kong is relatively new.

  • Under the Dual Counter arrangement, investors who do not have HKD accounts may trade on the RMB counter.

  • The Sub-Fund may also be subject to bid/ offer spread and currency conversion costs when converting to and from Hong Kong dollars and RMB.Under the Dual Counter arrangement, Units are traded in RMB in the RMB counter.

  • Investors should note that the trading prices of Units in the Dual Counter may be different (or may deviate significantly) due to the exchange rate fluctuation between HKD and RMB and the fact that the 2 counters may represent 2 different markets with different market demand and liquidity.


More Definitions of Dual Counter

Dual Counter means, in respect of a Listed Class, the facility by which the Listed Class Units traded in RMB and traded in HKD are each assigned separate stock codes on the SEHK and are accepted for deposit, clearing and settlement in CCASS in more than one eligible currency (RMB or HKD) as described in the relevant Appendix of this Prospectus.
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Dual Counter means a Multi-Counter facility under which Shares of a Sub-Fund are traded in two eligible currencies.
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Dual Counter means the facility by which the Units of the Sub-Fund traded in dual-counter (i.e. two counters), each counter being assigned a separate stock code on the SEHK and are accepted for deposit, clearing and settlement in CCASS in more than one eligible currency.
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Dual Counter means, in respect of Listed Class of Units, the facility by which the Units traded in RMB and traded in HKD are each assigned separate stock codes on the SEHK and are accepted for deposit, clearing and settlement in CCASS in more than 1 eligible currency (RMB or HKD) as described in the Prospectus.
Sample 1Sample 2Sample 3
Dual Counter means the facility by which the Units traded in HKD and traded in RMB are each assigned separate stock codes on the Stock Exchange and are accepted for deposit (for HKD traded Units only), clearing and settlement in CCASS in more than one eligible currency (HKD or RMB). Under the Dual Counter arrangement, RMB counter is not offered for primary creation and redemption. Only HKD traded Units may be created / redeemed by way of a creation / redemption application through a Participating Dealer;
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Dual Counter means, in respect of a Listed Class of Units, the facility by which the Units of a Sub- Fund traded in two currencies (HKD and USD) are each assigned separate stock codes on the SEHK and are accepted for deposit, clearance and settlement in CCASS in more than one eligible currency (HKD and USD) as described in the relevant Appendix of this Prospectus.
Sample 1

Related to Dual Counter

  • Supplemental count day means the day on which the supplemental pupil count is conducted under section 6a.

  • Group B Obligor means an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) that is not a Group A Obligor, with a short-term rating of at least: (a) “A-2” by S&P, or if such Obligor does not have a short-term rating from S&P, a rating of “BBB+” to “A” by S&P on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities, or (b) “P-2” by Moody’s, or if such Obligor does not have a short-term rating from Moody’s, “Baal” to “A2” by Moody’s on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities; provided, that if an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) receives a split rating from S&P and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have only the lower of the two rating for the purpose of determining whether such rating satisfies clauses (a) or (b) above. Notwithstanding the foregoing, any Obligor that is a Subsidiary of an Obligor that satisfies the definition of “Group B Obligor” shall be deemed to be a Group B Obligor and shall be aggregated with the Obligor that satisfies such definition for the purposes of determining the “Concentration Reserve Percentage”, the “Concentration Reserve” and clause (a) of the definition of “Excess Concentration” for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group A Obligor”, “Group B Obligor”, or “Group C Obligor”, in which case such Obligor shall be separately treated as a Group A Obligor, a Group B Obligor or a Group C Obligor, as the case may be, and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.

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  • Group home means a residential facility housing no more than twelve children with a program which emphasizes family-style living in a homelike environment. Such group home may also offer a program within the community to meet the specialized treatment needs of its residents;

  • Paying Agents means the Issuing and Principal Paying Agent and the Paying Agents referred to above and such further or other Paying Agent or Agents as may be appointed from time to time hereunder;

  • Relevant Exchange means the Relevant Exchange as specified in § 2 of the Product and Underlying Data.In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or a considerably restricted number or liquidity, the Relevant Exchange shall be substituted as the Relevant Exchange by another exchange that offers satisfactorily liquid trading in the Underlying (the "Substitute Exchange"); such exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In this case, any reference to the Relevant Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Exchange.