Dual Currency Investment definition

Dual Currency Investment means each dual currency investment placed by the Customer with the Bank pursuant to Article 18.
Sample 1Sample 2Sample 3
Dual Currency Investment means each investment lodged with the Bank pursuant to this Clause 8 the principal amount of which being set out in the relevant Transaction Confirmation;
Sample 1Sample 2Sample 3
Dual Currency Investment means a dual currency investment made by Borrower and accepted by Lender pursuant to the terms and conditions set forth in the applicable DCI Agreement, to the extent the related DCI Term Deposit Account constitutes a Collateral Account.
Sample 1

Examples of Dual Currency Investment in a sentence

  • For the purpose herein, the term “ AUM” shall mean all sums standing to the credit of any Fixed Deposit (“FD”) Account, Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.

  • For the purpose herein, the term “Liquid Assets” shall mean all sums standing to the credit of any Fixed Deposit (“FD”) Account, Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.

  • Each Dual Currency Investment must be of not less than a minimum amount specified by the Bank from time to time.

  • The Bank may at its absolute discretion refuse to give such consent, or impose such conditions as the Bank may determine for the withdrawal of such Dual Currency Investment, such conditions to include the deduction of such breakage costs as the Bank shall determine conclusively acting in good faith.

  • Any repayment of a Dual Currency Investment (whether on maturity or otherwise) as provided in Clause 8.2 below shall be paid to the credit of an account of the Client with the Bank in Hong Kong unless the Bank shall at its sole discretion agree to the contrary.

  • The Bank may impose such additional conditions in relation to any Dual Currency Investment as the Bank thinks fit in respect of the Currency, such additional terms to be contained in the relevant Transaction Confirmation.

  • Such breakage costs shall include the costs, expenses, liabilities or losses incurred or suffered by the Bank as a consequence of breaking its hedge, or funding from other sources in respect of the Dual Currency Investment and therefore the total amount repaid on withdrawal may be less than the principal amount of the Dual Currency Investment.

  • For the purpose herein, the term “Liquid Assets” shall mean all sums standing to the credit of any Fixed Deposit (“ FD”) Account, Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.

  • After the completion of Dual Currency Investment Transaction, sums of money shall be disbursed in accordance with the heir’s Instruction submitted to the Bank’s Branch.

  • For the purpose herein, the term “Liquid Assets” shall mean all sums standing to the credit of any Fixed Deposit Account (“FD”), Current Account & Savings Account (“CASA”) and/or Foreign Currency Account with HLB and the term “Investment” shall refer to principal amount of investment in any Unit Trust Funds (“UT”), Floating Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”) and/or Dual Currency Investment (“DCI”) with HLB at any one time.


More Definitions of Dual Currency Investment

Dual Currency Investment means any deposit or investment whereby the Bank has the option to repay the investment amount placed with the Bank either in the currency of deposit or investment or in an alternate currency.
Sample 1

Related to Dual Currency Investment

  • Dual Currency Note means a Dual Currency Interest Note and/or a Dual Currency Redemption Note, as applicable;

  • 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:

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Contractual Currency has the meaning given in Clause 21.5;

  • 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.

  • 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).

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • 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.

  • Denomination Currency has the meaning specified in Section 14(b).

  • 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.

  • Termination Currency means United States Dollars.

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • 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 Required Lenders (in the case of any Loans 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, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, 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.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Index Currency means USD.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • National Currency means the currency, other than the Euro, of a Participating Member State.