Main Currency definition

Main Currency means the main Currency as set out in Section 4.3.5. hereof.
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Main Currency means the currency in which the bank has balance sheet positions of significant volume or off-balance sheet trading positions;
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Main Currency means the currency in which this Agreement's limits are expressed. 主货币：用于标示本合同限额的货币。
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Examples of Main Currency in a sentence

  • The Customer and the Bank shall agree on the currency to be used as the main currency of the Account (hereinafter the Main Currency).

  • The Customer and the Bank may change the Main Currency by agreement.

  • If the payment order is in currency other than the transaction currency specified in the Agreement, the Bank applies the account the transaction limit calculated in accordance with the Main Currency Exchange Rate valid on the day of the payment order.

  • If your Main Currency account has not at least a 1% margin in excess of the transaction value to cover the transaction after currency conversion, payment authorisation will be declined.

  • The account shall be rendered in the Main Currency or currencies stated in the Reinsurance Slip and broken down by line of business or in the manner stipulated in the Reinsurance Slip.

  • Should the Settlement Currency be different from the Main Currency, conversions shall be calculated at the Official Rate of Exchange at the date stipulated in the Reinsurance Slip.

  • Type of the Account □ Single □ Joint Main Currency of the Account: SAR USD GBP Euro Other ...........

Related to Main Currency

  • Denomination Currency has the meaning specified in Section 14(b).

  • Obligation Currency means the currency or currencies in which an Obligation is denominated.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;