Principal Currency definition

Principal Currency means any currency other than the Dollar or Local Currency that is legal tender in the member countries of the Bank.

Principal Currency or “Base Currency” means the currency agreed between the Contracting Parties and recorded in the Confirmation as the object of Conversion.

Principal Currency means each of Canadian Dollars, US Dollars, Euros, British pounds, Swiss francs and Swedish kronor;

Examples of Principal Currency in a sentence

• The term to which the Specified Interest Currency and Specified Principal Currency are referred collectively.

• The Borrower may request that a disbursement of all or part of the Outstanding Loan Balance be converted to a Principal Currency or a Local Currency, which the Bank can efficiently obtain, subject to the Bank’s operational and risk management considerations.

• The term by which the Specified Interest Currency and Specified Principal Currency are referred to collectively.

• Investors should be aware of the possibility of significant changes in rates of exchange between the Reference Currency and the Principal Currency, such as a devaluation of the Reference Currency against the Principal Currency resulting in a decrease in the value of interest payments and the principal payable on the Notes at maturity.

• An OTC Transaction where the Payment Holiday Centres do not include the relevant principal holiday centre associated with the Currency cannot be cleared (see Section 3.17 for Principal Currency Holiday Centres).An OTC Transaction where the Payment Holiday Centres include one or more centres not supported by ASX cannot be cleared (see Appendix A for ASX Supported Holiday Centres).

• An OTC Transaction where the Payment Holiday Centres and Roll Holiday Centres are not the same cannot be cleared.An OTC Transaction where the Payment Holiday Centres do not include the principal holiday centre associated with the Currency cannot be cleared (see Section 4.16 for Principal Currency Holiday Centres).An OTC Transaction where the Payment Holiday Centres include one or more centres not recognised by ASX cannot be cleared (see Appendix A for ASX Supported Holiday Centres).

• An OTC Transaction where the Payment Holiday Centres and Roll Holiday Centres are not the same cannot be cleared.An OTC Transaction where the Payment Holiday Centres do not include the relevant principal holiday centre associated with the Currency cannot be cleared (see Section 5.17 for Principal Currency Holiday Centres).An OTC Transaction where the Payment Holiday Centres include one or more centres not supported by ASX Clear (Futures) cannot be cleared (see Appendix A for ASX Supported Holiday Centres).

• Applicable Principal Currency Amount:Aggregate Principal AmountX.

• Notional Leverage Factor means the Applicable Principal Currency Amount divided by the Aggregate Principal Amount.

• The redemption amount of the Notes payable at scheduled maturity is linked to changes in the exchange rates of one or more currencies specified in the Final Terms (the "Reference Currency" or "Reference Currencies") against the Principal Currency during the period specified therein, and may be subject to a minimum redemption amount per Note.

More Definitions of Principal Currency

Principal Currency means each of Canadian Dollars, U.S. Dollars, Euros, British pounds, Swiss francs and Swedish kronor.

Principal Currency means the currency selected by Client as default currency of Client’s account and most frequently used by Client, upon registration for the Service, or later amended by Client via the Service, amongst the currencies, supported by us, in which currency is our Tariff for the Service, applicable for Client;

Principal Currency means US Dollars, or such other currency as selected from time to time pursuant to clause 12.9;

Principal Currency means the currency in which a Structured Deposit is denominated, as specified on the relevant Term Sheet.