Open Quotation definition

Open Quotation means an invitation to make a targeted offer to conclude a transaction in foreign currency entered into the trading system by the trading participant addressed to all Participants, with full satisfaction and without depositing, which states the main conditions of that offer.
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Related to Open Quotation

  • Full Quotation means, in accordance with the Quotation Method, each firm quotation obtained from a Dealer at the Valuation Time, to the extent reasonably practicable, for an amount of the Reference Obligation with an outstanding principal balance equal to the Quotation Amount;

  • Written quotations means quotations referred to in paragraph 12(1)(b) of this policy.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Interest Quotation Day means, in relation to any period for which Interest Rate is to be determined, 2 Quotation Business Days before the first day of the relevant Interest Period.

  • Request for Quotation (“RFQ”) means a document or documents containing the specification, and proposed terms and conditions issued to potential suppliers to solicit written Quotations.