Forex Contract definition

Forex Contract means each "spot" or "forward" foreign currency exchange agreement entered into from time to time between the Borrower and any Lender.
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Forex Contract means a contract under which one party agrees to purchase or sell to the other party, or to arrange the purchase or sale to the other party, an agreed amount of Foreign Currency.
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Forex Contract means a contract granting one of the parties the right (an “Option Contract”) or the obligation (a “Firm Contract”) to exchange with the other party an amount (the “Nominal Amount”) in a currency against an amount in another currency at a future agreed date according to an agreed exchange ratio (the “Exchange Ratio”);
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Examples of Forex Contract in a sentence

  • The first Rolling Spot Forex or CFD Contract will be closed to the extent of the Rolling Spot Forex Contract or CFD size of the second Rolling Spot Forex or CFD Contract Transaction.

  • A seniority list containing names and addresses of employees as contained in the records of the Company will be prepared and forwarded to the Local Union Office annually during September of each year.

  • A transaction in a CFD or Rolling Spot Forex Contract or any other contractual arrangement entered into between you and us including any transaction liable to Margin, unless otherwise stated.

  • PSI reserves the right to require customer to deposit collateral with respect to Forex Contract transactions.

  • All payments due under a Forex Contract shall be made by wire transfer on the delivery date specified in the Confirmation in immediately available funds in the designated currency.

  • No such termination shall affect any Forex Contracts entered into prior to such termination and this Addendum shall continue to govern any such Forex Contract.

  • Unless separately agreed and set out in the Confirmation regarding a specific Forex Contract, each Forex Contract made between Customer and PSI will immediately, upon its being entered into, be netted with all then existing Forex Contracts between Customer and PSI for the same paired currencies having the same delivery date.

  • Upon entering into a Forex Contract with Customer, PSI shall verbally confirm the economic terms to Customer followed by a written confirmation (via letter, telex, facsimile or telecopier at PSI's election) (the "Confirmation") specifying the amount of foreign currency bought or sold by Customer against U.S. dollars or another foreign currency, the exchange rate, and the date on which, and the location where, the currency is to be delivered.

  • Each party will be deemed to represent to the other party on the date on which it enters into a Forex Contract that it has the capability to evaluate and understand (on its own behalf or through independent professional advice), and does understand, the terms, conditions and risks of that Forex Contract and is willing to accept those terms and conditions and to assume (financially and otherwise) those risks.

  • For purposes hereof, each Forex Contract shall be deemed a Forex Contract from and after its inception for all purposes.


More Definitions of Forex Contract

Forex Contract means a Forward Contract or Spot Contract; "Forward Contract" means any contract between the Parties for the purchase or sale of currency having a maturity date of more than two Business Days after the date on which such contract is entered into, provided, however, that for purposes of Section 4 of this Agreement, Forward Contract shall be any contract having a maturity date more than two days after the date on which such contract is entered into; and "Spot Contract" means any contract between the Parties for the purchase or sale of currency having a maturity date of two Business Days or less after the date on which such contract is entered into.
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