Foreign Currency Reserve definition

Foreign Currency Reserve means, on any date of determination, an amount equal to 15% of the spot market Dollar-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian Dollars.
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Foreign Currency Reserve as of any Settlement Date will equal 5% of Programme Capital on such Settlement Date, or such other amount as determined by the Operating Agent (and notified in writing to the Offer Agent), acting reasonably (upon the written request of a Seller after any redetermination of the level of the Foreign Currency Reserve, the Operating Agent agrees to provide such Seller with information relating to the basis of such redetermination).
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Foreign Currency Reserve means, at any time, the Dollar Equivalent (determined as of the most recent Revaluation Date) equal to 5% of the aggregate amount of the Foreign Currency Revolving Loans outstanding at such time.
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Examples of Foreign Currency Reserve in a sentence

  • Abubakar MuhammadMember5Dr. Olabanjo ObaleyeMember QuorumThree (3) members with two (2) Non-Executive Directors and the Managing Director.

  • Any differences arising from this procedure have been charged/(credited) to the Foreign Currency Reserve.

  • Foreign Currency Reserve (910,023) 1,341,905Option Reserve 1,364,904 401,800 454,881 1,743,705 Option ReserveThe option reserve is used to recognise funds received from options issued to shareholders.

  • Per capital GDP, GNP and NNI are shown in the following table: Fiscal Year Table: 1.11.8.1 Foreign Currency Reserve in Bangladesh 2013 Figure: 1.1 1.8.2 Foreign Currency Reserve in Bangladesh 2014 Figure: 1.2 1.9 Overview of Financial institutes of Bangladesh: Financial institutes play an important role of the economic development of any country.

  • Foreign currency reserves are managed by observing the investment criteria defined in the Foreign Currency Reserve Management Guidelines (“the Guideline”) approved by the Board of the Bank and in compliance with the targets and limits stipulated in the Strategic Benchmark Portfolio (“SBP”), which is set at the end of each year by the Foreign Currency Risk and Investment Committee and put into force the following year upon the approval of the Executive Committee.

  • Foreign currency reserves are managed by observing the investment criteria defined in the Foreign Currency Reserve Management Guidelines (“the Guideline”) approved by the Board of the Bank and in compliance with the targets and limits stipulated in the Benchmark Portfolio (“BP”), which is set at the end of each year and put into force the following year upon the approval of the Executive Committee.

  • In FY2008, seven different rates were provided for accounts across six divisions, ranging from .25% (Division H) to 1.717% (Division G); the total amount of budgetauthority reduced was about $3.4 billion.

  • Not included: Algeria Oil Fund, Estonia Stabilization Fund, Iran Foreign Currency Reserve Account, National Fund of Kazakhstan, Mexico Petroleum Fund, Timor L'Este, Sao Tome e Principe National Oil Account, Sao Tome e Principe Permanent Fund, and Trinidad and Tobago.includes civil society.

  • NOTE 26: RESERVES 2021$2020$Foreign currency reserve9,931,68610,591,862Share based payment reserve342,683-Convertible note reserve-175,967 10,274,36910,767,829 Foreign Currency Reserve This reserve is used to record foreign currency translation differences arising on the translation of the Group’s foreign entities into Australian dollars.

  • Bank Accounts in Foreign Currency Reserve Bank of India does not look too kindly upon foreign currency accounts.


More Definitions of Foreign Currency Reserve

Foreign Currency Reserve means, at any time, the Dollar Amount equal to 3% of the aggregate amount of the Foreign Currency Loans outstanding at such time.
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Foreign Currency Reserve. An amount equal to 10% of the U.S. dollar spot market-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian dollars. Funding Agreement: (a) the Liquidity Agreement (b) any other Program Support Agreement and (c) any other agreement or instrument executed by any Funding Source with or for the benefit of Market Street. Funding Source: (a) any Liquidity Bank, (b) Program Support Provider or (c) any insurance company, bank or other funding entity providing liquidity, credit enhancement or back-up purchase support or facilities to Market Street. GAAP: Generally accepted accounting principles in effect in the United States of America as in effect from time to time.
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Foreign Currency Reserve means an amount equal to 5% the U.S. Dollar Equivalent of all outstanding Foreign Currency Obligations.
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Foreign Currency Reserve means an amount equal to 5% of the aggregate outstanding face amount of Foreign Currency Letters of Credit (if any); provided, however, that Foothill shall have the right to adjust the then extant Foreign Currency Reserve (if any) upwards or downwards in its reasonable business credit judgment.
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Foreign Currency Reserve means, at any time, the U.S. Dollar amount equal to 5% of the Outstanding Amount of Revolving Loans, Alternative Currency Loans and Letters of Credit denominated in Foreign Currencies at such time.
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Foreign Currency Reserve. An amount equal to 10% of the U.S. dollar spot market-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian dollars.
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Related to Foreign Currency Reserve

  • Foreign Currency means any currency or currency unit issued by a government other than the government of the United States of America.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Eurocurrency Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Percentage.

  • Designated Foreign Currency means Euros, British pounds, Japanese yen or any other currency (other than Dollars and Canadian Dollars) approved in writing by each of the Lenders and that is freely traded and exchangeable into Dollars.

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

  • 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.

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

  • Euro-Dollar Reserve Percentage has the meaning set forth in Section 2.06(c).

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility 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.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

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

  • 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 means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Foreign Currency Sublimit means $75,000,000.

  • 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.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • 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).

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • Eurocurrency Rate Reserve Percentage for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.

  • 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 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.