FX Option definition

FX Option means, in respect of an OTC Derivative Contract, a contract giving the designated buyer the right to buy or sell a specified number of currency units at an agreed price on a specified date or over a specified time period.
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FX Option means a FX Put or FX Call, as the case may be, which is or shall become subject to this Agreement;
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FX Option means a Transaction which includes a Simple FX Option but also includes the Client granting Velocity Trade the right to buy or sell the same quantity of the same currency on the same Value Date (or earlier) as the Simple FX Option at a price which is either fixed on the Trade Date or to be determined at a later date by reference to another currency; Tax(es) includes any tax, levy, impost, stamp or other duty and any other charge, deduction or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of these); Tenor FX means any FX Forward, FX Swap or FX Option; Terminated Transaction means a Transaction that is terminated in accordance with clause 20;
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Examples of FX Option in a sentence

  • A long position means that the Client is the Buyer of an FX Option and the Bank is the Seller.

  • Automatic Exercise of FX Option Transactions will/will not apply to Party B as Buyer.

  • The FX Definitions (as amended and supplemented from time to time) are also incorporated into any Confirmation, with respect to a FX Transaction or FX Option Transaction, which supplements and forms part of this Master Agreement.

  • The Agreement shall apply to all FX Transactions and FX Option Transactions outstanding between the Parties on the Effective Date.

  • In such a case, the FX Option will have expired worthless and the Client will lose any profit made on the FX Option.

  • Unless otherwise agreed in writing by the Parties, the Premium related to a FX Option shall be paid on its Premium Payment Date in immediately available funds.

  • Automatic Exercise of FX Option Transactions will/will not apply to Party A as Buyer.

  • An exercised FX Option transaction shall be settled on its Settlement Date.

  • Once you have accepted an Offer, the Bank does not guarantee that it will quote prices for the relevant FX Option or that such prices will be acceptable to you or will be calculated using a specific formula or methodology.

  • The specifications shall include, in particular, whether the Client intends to buy or to sell the FX Option, instrument symbol, whether the option shall be a Call or Put, the Maturity and Strike Price.