Metal Currency definition

Metal Currency means, in relation to this Series of ETC Securities, USD. “Metal Disrupted Day” has the meaning given to it in Condition 9(e)(ii). “Metal Disruption Event” has the meaning given to it in Condition 9(a).
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Metal Currency means US dollars.
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Examples of Metal Currency in a sentence

  • Additionally, such difference may be caused by the effect of the FX Factor in the calculation of the Metal Entitlement per ETC Security, which relates to movements in foreign exchange rates between the Specified Currency and the Metal Currency.

  • Such currency hedge typically involves the notional forward sale of the Metal Currency and purchase of the Series Currency and is designed to reduce the exposure of the Metal (and, therefore, the Securities) to exchange rate fluctuations between such currencies.

  • If a Series of Securities is denominated in a currency other than USD i.e. the Metal Currency, the Metal Entitlement in respect of such Securities may include a currency hedging component to convert the value of the relevant Metal denominated in the Metal Currency into the same currency as that in which the Securities are denominated i.e. the Series Currency.

  • An increase in the Product Fee Percentage will reduce the Metal Entitlement per ETC Security by more than would have been the case had such fee not been increased.If the ETC Securities are FX Hedged ETC Securities and the value of the Specified Currency, expressed in units of the Metal Currency increases, the Metal Entitlement per ETC Security will decrease and vice versa, assuming all other factors remain constant.

  • The foreign exchange hedge seeks to reduce the exposure of the ETC Securities to exchange rate fluctuations between the currency in which the ETC Securities are denominated and the Metal Currency.

  • We also expect your employees, while working with us, to act in a manner consistent with our values.

Related to Metal Currency

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • First Currency has the meaning specified in Section 1.15.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

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

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Contractual Currency has the meaning given in Clause 21.5;

  • Other Currency has the meaning specified in Section 1.15.

  • Termination Currency means United States Dollars.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Dual Currency Note means a Dual Currency Interest Note and/or a Dual Currency Redemption Note, as applicable;

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Currency means Dollars or any Foreign Currency.

  • Settlement Currency means Pounds sterling ("GBP").