Leveraged FX Contract definition

Leveraged FX Contract means a spot FX contract between CGS-CIMB and the Client that can only be closed by a reverse contract, and the difference between the two contract values will be cash-settled on a certain agreed Maturity Date.
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Leveraged FX Contract means a contract between DAFS and the Client under which each agrees with the other to exchange a certain amount of one currency for a certain amount of another currency for delivery on a certain maturity date on a leveraged basis, and unless the context requires otherwise, includes a Reverse Contract (as defined under the Leveraged FX Trading Services Annex).
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Examples of Leveraged FX Contract in a sentence

  • The party from whom a net amount is due under any Leveraged FX Contract must (unless CGS-CIMB specifies otherwise) pay such amount to the other party with value as of the Maturity date of such Leveraged FX Contract.

  • Taxes 9.1 The Client is responsible for all taxes (local or foreign) that may arise in relation to a Leveraged FX Contract, whether under current law or practice or otherwise.

  • Extraordinary Events If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, CGS-CIMB shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

  • Each obligation of CGS-CIMB to make payment or delivery in respect of a Leveraged FX Contract is subject to the condition precedent that no Event of Default or event that, with the giving of notice or the lapse of time or both, would be an Event of Default has occurred and is continuing in respect of the Client.

  • Extraordinary Events If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, DAFS shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

  • In the event of any inconsistency between the provisions of the Terms of Business, this Annex and the provisions of a Confirmation, the Confirmation will prevail for the purposes of the relevant Leveraged FX Contract.

  • In this circumstance the individual may not take an active part in proposal review, except to provide requested information, and will absent himself from the final Board discussion and vote.

  • Each obligation of DAFS to make payment or delivery in respect of a Leveraged FX Contract is subject to the condition precedent that no Event of Default or event that, with the giving of notice or the lapse of time or both, would be an Event of Default has occurred and is continuing in respect of the Client.

  • Risk Management Framework Help Lesotho’s risk management framework consists of four steps: MonitorIdentifyManageAssessStep One: Identifying Risks Risk is “factors, events or circumstances that may prevent or detract from the achievement of Help Lesotho’s objectives, including a failure to maximize opportunities”.

  • If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, CGS-CIMB shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

Related to Leveraged FX Contract

  • FX Contract is any foreign exchange contract by and between Borrower and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date.

  • Credit-sale contract means the same as defined in section 203.1.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Rate Management Transaction means any transaction (including an agreement with respect thereto) now existing or hereafter entered into between the Borrower and any Lender or Affiliate thereof which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Hedge Contract means any exchange, swap, forward, cap, floor, collar, option or other similar agreement or arrangement entered into for the purpose of reducing the exposure of a Group Member to fluctuations in interest rates, the price of hydrocarbons, basis differentials or currency exchange rates in their operations or financing activities and not for speculative purposes.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Sponsor Management Agreement means the management agreement between certain of the management companies associated with the Investors and the Issuer.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Interest Rate Hedge Agreement means any swap, cap, collar, forward purchase or similar agreements or arrangements entered into by a Borrower or one of its Affiliates in connection with the Loan Facility for the sole purpose of reducing a Borrower’s exposure to interest rate risk and not for speculative purposes.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Designated Hedge Agreement means any Hedge Agreement (other than a Commodities Hedge Agreement) to which the Borrower or any Subsidiary is a party and as to which, at the time such Hedge Agreement is entered into, a Lender or any of its Affiliates is a counterparty.

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Hedging Provider any Person that has entered into a Hedging Agreement with a Grantor with the obligations of such Grantor thereunder being secured by one or more Loan Documents, as designated by the Borrower in accordance with Section 8.4 hereof (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider with respect to more than one Credit Facility).

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.