Forward Points definition

Forward Points means the offered side of the FX forward points for the forward sale of IDR against USD for settlement on the last day of a period equivalent to the Designated Maturity and commencing on the relevant Reset Date as determined by the Calculation Agent on the basis of the offered side of indicative quotations obtained by the Calculation Agent from the Reference Banks, as of 11:00 a.m., Singapore time, on the day that is two Singapore Banking Days preceding the relevant Reset Date or as close to such time as is reasonably practicable. If at least three quotations are provided, the Forward Points for that Reset Date will be the arithmetic mean of the quotations, without regard to the quotations with the highest and lowest values. For this purpose if more than one quotation has the same highest or lowest value, then one such quotation shall be disregarded. If exactly two quotations are provided, the Forward Points for that Reset Date shall be the arithmetic mean of the quotations.

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Forward Points means the amount by which a Forward Rate varies from the Spot Rate as a result of the differential in interest rates between the countries of the Currency Pair. Forward Rate means the Spot Rate adjusted to a future date having regard primarily to the interest rates prevailing in the two countries in the Currency Pair. Global Currency Account or GCA means the client account held with OFX used to receive foreign currency.

Forward Points means, in respect of a Standard Tenor and a Currency Pair, the mid-rate which when added to the Spot Rate for the relevant Currency Pair, produces a rate at which the Base Currency and the Term Currency can be exchanged on the applicable settlement date for a foreign exchange forward contract in respect of such Standard Tenor and such Currency Pair (as adjusted for

Examples of Forward Points in a sentence

If, at the Client's request, the settlement date is arranged on a date other than two business days after the execution of the Order, ▇▇▇▇▇▇ is not obliged to execute the Order at the Spot Rate, but at an exchange rate corresponding to the Spot Rate adjusted by Forward Points.
Prior to the execution of the hedging transactions contemplated by this Article 4.2, Purchaser shall confirm to Contractor, and on a best efforts basis, seek for the Finance Facility agent to confirm to Contractor, that the Base Contract Price to be calculated pursuant to Article 4.2.3 based on the Spot Rate and Forward Points Quote rate satisfies any applicable condition precedent to the Financial Close (or that the applicable condition precedent has been effectively waived).
If, at the Client's request, the settlement date is arranged on a date other than two business days after the execution of the Order, Citfin is not obliged to execute the Order at the Spot Rate, but at an exchange rate corresponding to the Spot Rate adjusted by Forward Points.
If the foregoing confirmation from the Finance Facility agent is not obtained or otherwise available, then the Parties shall consult as to an alternate means to obtain a third party confirmation that the Spot Rate and Forward Points Quote rate, if executed as part of the hedging transactions, satisfies any applicable condition precedent to the Financial Close (or that the applicable condition precedent has been effectively waived).
Under the third option (Option 3: fixed/fixed), you can fix both Your Payment and the Recipient Payment; you will effectively be entering into a series of Forward Contracts with the Forward Points averaged out over each Regular Payment.
You may find that the Forward Points change quite significantly over a short period of time as a result of developments impacting on expectations of future interest rate changes.
Under the second option (Option 2: variable/fixed), the Recipient Payment will be fixed and Your Payment will vary; you will effectively be entering into a series of Forward Contracts with the periodic amounts varying according to the Forward Points.

More Definitions of Forward Points

Forward Points means the offered side of the FX forward points for the forward sale of Singapore Dollars against U.S. Dollars for settlement on the last day of a period of six months and commencing on the relevant Observation Date as determined by the Calculation Agent on the basis of the offered side of indicative quotations obtained by the Calculation Agent from the Reference Banks, as of 11:00 a.m., Singapore time, on the Observation Date or as close to such time as is reasonably practicable. If exactly two quotations are provided, the Forward Points for that Observation Date will be the arithmetic mean of the quotations. If only one quotation is provided, the Forward Points for that Observation Date will be that quotation;

Forward Points means the adjustment in points (rate) of a spot price in order to calculate a forward price. It is based on the current spot exchange rate, interest rate differential of the two currency pairs and the number of days to delivery.

Forward Points means the total adjustment between the ‘spot exchange rate’ and the ‘FX Forward exchange rate’.