Dual Currency Account definition

Dual Currency Account means the Dual Currency Account investment subscribed to by me which is a structured product investment with a derivative or option linked to the Reference Instrument stated in the Subscription Form, the Product Highlights Sheet and the Product Term Sheet.

Examples of Dual Currency Account in a sentence

Local Currency Checking accounts, Local and Foreign Currency Savings accounts, Local and Foreign Currency Time Deposits, Local Currency Islamic Checking and Savings accounts, Local Currency Islamic Time Deposits, Market Linked Investment, Dual Currency Account, Gold Accounts, Unit Trust, Private Retirement Scheme, Retail Bond, Share Margin Financing, Portfolio Power accounts, and Overdraft Facility against Time Deposit accounts; and bb.

To be eligible for the Campaign, Clients must purchase the Unit Trust/Market Linked Investment/ Retail Bond/Private Retirement Scheme/New Dual Currency Account via face to face channel or Unit Trust phone sales only.

Value DateThe date that the Dual Currency Account contract begins.

This Product Highlight Sheet is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the Dual Currency Account mentioned herein to such individuals.

Following the due opening of the Designated Dual Currency Account and upon request of the Borrower (through a Withdrawal Application), an initial advance would be transferred by IFAD into the Dual Currency Account, corresponding to approximately six months of anticipated expenditures in the first year AWPB.

The rationale for opening a Designated Dual Currency Account and a Counterpart Fund Account, both at the CBS, is to facilitate reconciliation of donor funds.

Bowman, 260 U.S. 94, 98 (1922) (finding that the presumption did not apply to “criminal statutes which are, as a class, not logically dependent on their locality for the Government’s jurisdiction, but are enacted because of the right of the Government to defend itself against obstruction, or fraud wherever perpetrated, especially if Guidelines for Organizations,152 which are used by U.S. Attorneys in weighing whether to charge the organization and used by judges in sentencing an organization.

STATEMENT OF DISCLAIMERThe relevant information and document in relation to the Dual Currency Account, including a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia under the Lodge and Launch Framework.

Maturity DateThe date that the Dual Currency Account contract ends.

The Dual Currency Account are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK.

Related to Dual Currency Account

Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:
Contractual Currency has the meaning specified in Section 8(a).
Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.
Currency of Account means, in relation to any payment to be made to a Finance Party under a Finance Document, the currency in which that payment is required to be made by the terms of that Finance Document.
Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).
Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.
National Currency means the currency, other than the Euro, of a Participating Member State.
Eligible Currency means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative Agent (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, or (c) providing such currency is impracticable for the Lenders (each of (a), (b) and (c) a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Borrower, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.
Reference Currency or ’Reference Currencies’ means (according to the context) the primary investment currency of the share class against which the currency hedging transaction will be applied in order to reduce any exchange rate fluctuation with the Hedged Currency.
Original Currency has the meaning assigned to such term in Section 2.17.
Foreign Currency Loan means any Loan denominated in a Foreign Currency.
Termination Currency means United States Dollars.
Available Currency means Dollars, Euros and Sterling.
Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.
Approved Currency means each of Dollars and each Alternative Currency.
Denomination Currency has the meaning specified in Section 14(b).
Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.
Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.
First Currency has the meaning specified in Section 1.15.
Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.
Index Currency means the currency specified on the face hereof as the currency for which LIBOR shall be calculated, or, if the euro is substituted for that currency, the Index Currency shall be the euro. If that currency is not specified on the face hereof, the Index Currency shall be U.S. dollars.
Relevant Currency means the currency in which the Notes are denominated;
Alternate Currency Loan means any Loan denominated in an Alternate Currency.
Designated Currency shall have the same meaning assigned to it in Section 3.12.
RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;
Primary Currency has the meaning specified in Section 9.11(c).