Payout Currency definition

Payout Currency means the currency for the Payout as specified in provision 11.
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Payout Currency means the currency specified as such in the applicable Final Terms;
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Payout Currency means the currency that the customer designates, from among the currencies prescribed by the Bank, as that to be used for the payment to the receiver or for the crediting of amounts to the Receiver’s Bank Account for the relevant Money Transfer Transaction.
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Examples of Payout Currency in a sentence

  • The currency of the account shall be the same as the Payout Currency.

  • The Payout Currency shall be determined by the Home DGS’s national legislation and communicated by the Home to the Host DGS.

  • When, under the Home DGS’s Applicable Law, the Payout Currency is not the official currency of the Host DGS’s Member State, or is not the only official currency of the Host DGS´s Member State, the Payout Currency shall be specified in the Bilateral-Spec.

  • The Transaction Fee varies by Transaction type, Destination, Payment Instrument, Transaction Amount, Payout Currency, and by Reload Carrier.

  • The Payout Currency shall be used: - by the Home DGS to determine the balances of covered deposits of Depositors and to generate the Payment Instructions; - by the Home DGS to calculate and send the Payout Amount; and - by the Host DGS to carry out the Repayment.

  • The Host DGS shall make payments available to the Host Depositors in the Payout Currency, using the Payment Method.

  • Payout Currency – the currency in which the funds are remitted to the Merchant.

  • For Affiliate Rewards based on Qualified Transactions in currencies different than Your Preferred Payout Currency we will calculate the Affiliate Reward based on the most recent daily reference exchange rate published by the European Central Bank on the day of the payout.

  • As an alternative to Provision 11.1 of the Agreement, the Home DGS and the Host DGS agree to take the […….] as the Payout Currency .


More Definitions of Payout Currency

Payout Currency means Philippine Peso.
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