EMTA BRL Industry Survey Rate definition

EMTA BRL Industry Survey Rate or “BRL12” each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar Specified Rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days, as published on EMTA’s web site (www.emta.org) at approximately 3:45 p.m. (São Paulo time), or as soon thereafter as practicable, on such Rate Calculation Date. The Spot Rate shall be calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of March 1, 2004, as amended from time to time, for a centralized industry-wide survey of financial institutions in Brazil that are active participants in the Brazilian Real/U.S. Dollar spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA 1998 FX and Currency Option Definitions (as updated from time to time) – Settlement Rate Options: “EMTA BRL Industry Survey Rate (BRL12)”, meaning that the spot rate for a BRL Valuation Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one USD, for settlement in two New York and São Paulo Business Days, calculated by EMTA (or a service provider EMTA may in its sole discretion select) pursuant to the EMTA BRL Industry Survey Methodology and published on EMTA’s website (www.emta.org) at approximately 3:45 p.m. São Paulo time or as soon thereafter as practicable on such BRL Valuation Date.
EMTA BRL Industry Survey Rate. (or “BRL12”) means the USD/BRL specified foreign exchange rate for USD expressed as the amount of BRL per one USD, for settlement in two Sao Paulo and New York Business Days as published on EMTA’s website (www.emta.org) at around 3:45p.m. (Sao Paulo time) or as soon thereafter as practicable, on the applicable BRL Valuation Date. EMTA BRL Industry Survey Rate is calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of 1 March, 2004, as amended from time to time, for a centralised industry-wide survey of financial institutions in Brazil that are active participants in the BRL/USD spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).

Examples of EMTA BRL Industry Survey Rate in a sentence

  • Upon consultation with EMTA, Inc., the Clearing House shall determine if the expiring Brazilian real/U.S. dollar futures contract shall be cash settled using either the EMTA BRL Industry Survey Rate or EMTA BRL Indicative Survey Rate, or deferred for cash settlement to a subsequent day.

  • Upon a Valid Survey Request (defined below), EMTA (or a service provider that EMTA may select in its sole discretion), shall, commencing on the next day that is a Brazil Business Day, conduct a survey of financial institutions for the purpose of determining the EMTA BRL Industry Survey Rate for that date.

  • The EMTA BRL Industry Survey Rate Methodology and the EMTA BRL Indicative Survey Rate Methodology follow this chapter in an Interpretation.

  • The EMTA BRL Industry Survey Rate will be published on EMTA’s website (www.emta.org) (the “Publication Site”) by approximately 3:45 PM (São Paulo time), or as soon thereafter on such date as practicable.

  • The procedures for the EMTA BRL Industry Survey Rate and EMTA BRL Indicative Survey Rate are defined in the Interpretation to this chapter.However, in the event that the Exchange determines that the Clearing House is unable to determine a Final Settlement Price pursuant to any of the preceding sections and the Interpretation to this chapter, then Rule 812 shall apply to determine the Final Settlement Price.

  • As soon as it is determined that the Survey will result in Insufficient Responses, a notice that no EMTA BRL Industry Survey Rate is available for such date shall be published on the Publication Site.

  • The Secondary Rate shall be EMTA BRL Industry Survey Rate (BRL12), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • ANNEXES94Annex 1: Common European Framework for Languages94Annex 2: Performance Monitoring Plan Matrix95Annex 3: Progress on Indicator Targets (Quantitative Impact)97Annex 4: Performance Indicator Reference Sheets101Annex 5: Success Stories114 EXECUTIVE SUMMARYIn January 2005, the Government of Sudan and the Sudan People’s Liberation Movement signed the Comprehensive Peace Agreement (CPA), ending Africa’s longest civil war.

  • It is unlikely that the EMTA BRL Industry Survey Rate will to be available on the same date on which the BRL-PTAX Rate is first unavailable and, as a result, a determination by the Calculation Agent of the BRL Rate will, in such cases, be the only operable fallback.

  • The procedures for the EMTA BRL Industry Survey Rate and EMTA BRL Indicative Survey Rate are defined in the Interpretation to this chapter.However, in the event that the Exchange President determines that the Clearing House is unable to determine a Final Settlement Price pursuant to any of the preceding sections and the Interpretation to this chapter, then Rule 81225703 shall apply to determine the Final Settlement Price.525703.


More Definitions of EMTA BRL Industry Survey Rate

EMTA BRL Industry Survey Rate means the BRL/USD exchange rate for USD, expressed as the amount of BRL per one USD, for settlement in two Rio de Janeiro, Brasilia or Sao Paulo and New York Business Days, as published on EMTA’s web site (www.emta.org) at approximately 3:45 p.m. (São Paulo time), or as soon thereafter as practicable, on the BRL Valuation Date. The BRL Rate shall be calculated by EMTA (or a service provider
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA 1998 FX and Currency Options Definitions – Settlement Rate Options: “BRL Industry Survey Rate (BRL11)” from time to time, meaning that the spot rate for a BRL Valuation Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one USD, for settlement in two New York and São Paulo Business Days, which is calculated by the Chicago Mercantile Exchange pursuant to the BRL Methodology (as such term is defined in the ISDA 1998 FX and Currency Options Definitions), and which appears on the Reuters Screen EMTA Page at approximately 12:30 p.m. São Paulo time, or as soon thereafter as practicable.
EMTA BRL Industry Survey Rate means the Brazilian Real/U.S. Dollar rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in such number of days as equals the Standard FX Settlement Period, as published on EMTA’s website (www.emta.org) at approximately 3:45p.m. (São Paulo time), or as soon thereafter as practicable, on such day. The rate shall be calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA BRL Industry Survey Methodology (which means a methodology, dated as of 1 March 2004, as amended from time to time, for a centralised industry-wide survey of financial institutions in Brazil that are active participants in the Brazilian Real/U.S. Dollar spot markets for the purpose of determining the EMTA BRL Industry Survey Rate).

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