Final Exchange Rate definition

Final Exchange Rate. (where applicable) means, in respect of a CPI Deposit, the Exchange Rate on the Final Exchange Rate Determination Day determined by the Bank at such time and in such manner as described on the term sheet for such CPI Deposit; “Final Exchange Rate Determination Day” (where applicable) means, in respect of a CPI Deposit, the day specified as such in the Bank’s term sheet for such CPI Deposit and confirmed in the Bank's advice or confirmation in respect of such CPI Deposit to the Customer, subject to any adjustment in accordance with these Terms and Conditions;

Final Exchange Rate means, in relation to each Deposit Plus deposit, the Relevant Rate as quoted by the Bank in good faith, as of approximately the Fixing Time on the Fixing Date.

Final Exchange Rate means in relation to each Investment in Dual Currency Plus, the Exchange Rate between the Base Currency and Linked Currency as quoted by the Bank, at approximately the Fixing Time on the Fixing Date;

Examples of Final Exchange Rate in a sentence

• European Double) Return = Guaranteed Principal x Minimum Return Rate (which may be zero), provided that the Minimum Return Rate will be deemed to be (I) Potential Return Rate 1 if the Final Exchange Rate is above Lower Barrier 1 and below Upper Barrier 1 or (II) Potential Return Rate 2 if the Final Exchange Rate is at or below Lower Barrier 1 but above Lower Barrier 2, or is at or above Upper Barrier 1 but below Upper Barrier 2.

• In case multiple slabs for transactions are available, then the highest transaction slab shall be considered for Exchange Rate and Final Exchange Rate.

• Alternatively, if an underlying currency is replaced by a New Currency, and one unit of the New Currency has a value equal to 1,000 units of that underlying currency, the Final Exchange Rate would be calculated by using the applicable exchange rate of the New Currency (relative to the applicable base currency) multiplied by 1,000.

• As an example of the calculation described above, if a base currency is replaced by a New Currency, and one unit of the New Currency has a value equal to 1,000 units of that base currency, the Final Exchange Rate would be calculated by using the applicable exchange rate of the applicable underlying currency (relative to the New Currency) multiplied by 1/1,000.

• If the Final Exchange Rate is greater than or equal to the Initial Exchange Rate, the Conditional Supplemental Payment will be zero.

More Definitions of Final Exchange Rate

Final Exchange Rate will equal the value of the applicable exchange rate, as determined by the calculation agent, at the specified time (as set forth in the applicable term sheet) on the calculation day. The “Exchange Rate Weighting” will be the weighting, expressed as a percentage, assigned to each exchange rate on the pricing date, as set forth in the applicable term sheet. These weightings may or may not be equal. The sum of each Exchange Rate Weighting will Table of Contents equal 100%. If your MITTS are linked to an Exchange Rate Measure that is based on a single exchange rate, the Exchange Rate Weighting of that exchange rate will be equal to 100%. A “business day,” unless otherwise set forth in the applicable term sheet, means any day other than a Saturday or Sunday that is neither a legal holiday nor a day on which banking institutions in New York, New York are authorized or required by law, regulation, or executive order to close and those banks are open for dealing in a foreign exchange and foreign currency deposits. A “Currency Business Day,” unless otherwise set forth in the applicable term sheet, means any day other than a Saturday or Sunday that is neither a legal holiday nor a day on which banking institutions in any of the countries which issue the applicable currency are authorized or required by law, regulation, or executive order to close and those banks are open for dealing in foreign exchange and foreign currency deposits. With respect to all exchange rate-based MITTS, unless otherwise set forth in the applicable term sheet, if the calculation agent determines that the scheduled calculation day is not a business day and/or a Currency Business Day, as applicable, by reason of an extraordinary event, occurrence, declaration, or otherwise, the calculation agent will determine the Ending Value on the next applicable business day and/or Currency Business Day, as applicable. If no such days occur prior to the second scheduled business day before the maturity date of the MITTS, the Ending Value will be determined (or, if not determinable, estimated) by the calculation agent on that day in a manner which the calculation agent considers commercially reasonable under the circumstances.

Final Exchange Rate means the Exchange Rate at the Valuation Time on the Issuer Call Date or Valuation Date, as the case may be;

Final Exchange Rate means the Exchange Rate on the Valuation Date, observed in accordance with the Settlement Rate Option (subject to the occurrence of a Disruption Event).

Final Exchange Rate means the Exchange Rate used for the purposes of calculating the Final Net Purchase Price as set out in Schedule 3;

Final Exchange Rate means the Exchange Rate[(i)] [for the Relevant Currency(i)] on the Currency Valuation Date;]

Final Exchange Rate shall be the value of the Exchange Rate on the Valuation Date. • The Calculation Agent will determine the Final Exchange Rate and will calculate the Conditional Supplemental Payment, if any. If the Exchange Rate is not so quoted on page ECB37 under “USD”, or any substitute page thereto, then the Exchange Rate used to determine the Final Exchange Rate shall be calculated on the basis of the arithmetic mean of the spot quotations received by the Calculation Agent at approximately 2:15 p.m., Frankfurt time, on the relevant date for the purchase or sale for deposits in the European Union euro by the London offices of three leading banks engaged in the interbank market (selected in the sole discretion of the Calculation Agent) (the “Reference Banks”). If fewer than three Reference Banks provide spot quotations, then the Exchange Rate shall be calculated on the basis of the arithmetic mean of the spot quotations received by the Calculation Agent at approximately 2:15 p.m., Frankfurt time, on the relevant date from two leading commercial banks in New York (selected in the sole discretion of the Calculation Agent), for the purchase or sale for deposits in the European Union euro. If these spot quotations are available from only one bank, then the Calculation Agent, in its sole discretion, shall determine which quotation is available and reasonable to be used. If no spot quotation is available, then the Exchange Rate shall be the rate the Calculation Agent, in its sole discretion, determines to be fair and reasonable under the circumstances at approximately 2:15 p.m., Frankfurt time, on the relevant date.

Final Exchange Rate means the Exchange Rate on the Issuer Call Date, the Early Termination Date (if applicable) or the Valuation Date;