Reference Currency Buyer definition

Reference Currency Buyer means, in respect of a Non-Deliverable Transaction, the party agreed between you and us as such and specified as such in the related Confirmation or, if none is specified, the party to which the Reference Currency is owed (or would have been owed if the Transaction were a Deliverable Transaction) on the Settlement Date;

Reference Currency Buyer means in relation to ForexClear NDF Contract, the party specified as the ‘Reference Currency Buyer' in the Economic Terms

Reference Currency Buyer means in relation to ForexClear Contract that is a Non-Deliverable FX Transaction, the party specified as the ‘Reference Currency Buyer' in the Economic Terms

Examples of Reference Currency Buyer in a sentence

• The term "Reference Currency Seller" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was the Reference Currency Buyer under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Seller.

• The term "Reference Currency Buyer" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was the Reference Currency Seller under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Buyer.

• Reference Currency Buyer: As specified in the Transaction Details Confirmation.

• These Economic Terms are: Trade Date, Reference Currency, Reference Currency Notional Amount, Notional Amount or Forward Rate (one or both of these terms may be specified), Reference Currency Buyer, Reference Currency Seller, Settlement Currency, Valuation Date, Settlement Date, and Settlement.

• Reference Currency Buyer means, in respect of a Non-Deliverable Transaction, the party specified as such in the related Confirmation or, if none is specified, the party to which the Reference Currency is owed (or would have been owed if the FX Transaction was a Deliverable Transaction) on the Settlement Date.

• The term "Reference Currency Buyer" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was theReference Currency Seller under the corresponding FX Transaction, or the Clearing Member who (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Buyer.

• FX Contracts of a Defaulter having different FX Settlement Dates may be combined, terminated and replaced by any transactions, Invoicing Back or the creation of new FX Contracts at the Clearing House's discretion, for purposes of liquidation of Contracts, hedging market risks of the Defaulter or otherwise, if the Defaulter is Reference Currency Buyer under one of the FX Contracts in respect of a particular currency and Reference Currency Seller under the other FX Contract in respect of the same currency.

• Rule 1705 Settlement of Financially-Settled FX Contracts (a)Either: (i) (ii) the Reference Currency Buyer shall be liable to pay the amount due under any Financially-Settled FX Contract to the Reference Currency Seller; or the Reference Currency Seller shall be liable to pay the amount due under the Financially-Settled FX Contract to the Reference Currency Buyer, as required under the Contract Terms, on the FX Settlement Date, in accordance with Parts 3 and 5 of the Rules and the Finance Procedures.

• However, as set out more particularly in Regulation 105, where the ForexClear Transaction specifies a ForexClear Clearing Member as the Reference Currency Seller, with the other ForexClear Member as the Reference Currency Buyer, the Clearing House, in respect of each ForexClear Contract to which it is party pursuant to the corresponding ForexClear Transaction, shall be (i) the Reference Currency Buyer; and (ii) the Reference Currency Seller under such ForexClear Contract, respectively.

• The term "Reference Currency Seller" means, in respect of an FX Contract, the Clearing House if the Clearing Member who is party to that FX Contract (or its Customer) was the Reference Currency Buyer under the corresponding FX Transaction, or the Clearing Memberwho (or whose Customer) was party to the corresponding FX Transaction as Reference Currency Seller.

More Definitions of Reference Currency Buyer

Reference Currency Buyer means, in respect of a Transaction, the party specified as such in the related Confirmation or, if such a party is not specified, the party to which the Reference Currency is owed (or would have been owed if the Transaction were a Deliverable Transaction) on the Settlement Date;

Reference Currency Buyer means, in relation to a Non-Deliverable FX Transaction, the Party specified as such for the transaction.

Reference Currency Buyer means (A) in relation to a ForexClear NDF Contract, the

Reference Currency Buyer means in relation to ForexClear NDF Contract, the partyspecified as the ‘Reference Currency Buyer' in the Economic Terms"Reference Currency Seller"means in relation to ForexClear NDF Contract, the party specified as the ‘Reference Currency Seller’ in the Economic Terms"Reference Price"means a price (howsoever called) by reference to which a Contract is settled to market, marked to market, settled or valued in accordance with the Regulations and Procedures"Register of ForexClear Dealers"means the register which lists ForexClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as ForexClear Contracts by the Clearing House"Register of RepoClear Dealers"means the register which lists RepoClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as RepoClear Contracts or RepoClear Term £GC Contracts by the Clearing House or to deal through one or more Automated Trading Systems specified by the Clearing House in respect of each such RepoClear Dealer pursuant to which the Clearing House becomes a party to RepoClear Contracts or RepoClear Term£GC Contracts, as the case may be, in accordance with the terms of the RepoClear Dealer Clearing Agreement and Regulation 19"Register of SwapClear Dealers"means the register which lists SwapClear Dealers regarded by the Clearing House as for the time being eligible to submit contracts for registration as SwapClear Contracts by the Clearing House"Registration Time"(i) in respect of SwapClear Contracts shall have the meaning given in Regulation 55(f); (ii) in respect of Listed Interest Rates Contracts shall have the meaning given in the Procedures; and (iii) in respect of RepoClear Contracts, RepoClear Term£GC Contracts, EquityClear Contracts and ForexClear Contracts, shall have the meaning given in the Procedures, in each case subject to Regulation 16(e)"Regulations"means the Clearing House’s General Regulations, Default Rules and Clearing House Settlement Finality Regulations, from time to time in force

Reference Currency Buyer. As specified in the Transaction Details Confirmation.