Reference Currency Seller definition

Reference Currency Seller 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 which owes (or would have owed if the Transaction were a Deliverable Transaction) the Reference Currency on the Settlement Date;

Reference Currency Seller means in relation to ForexClear NDF Contract, the partyspecified as the ‘Reference Currency Seller’ in the Economic Terms

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

Examples of Reference Currency Seller 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.

• 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 Seller: As specified in the Transaction Details Confirmation.

• Master Agreement Supplement for Non-Deliverable Forward Transactions 39 Reference Currency Seller: As specified in the Transaction Details Confirmation.

• 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.

• Employee further affirms that Employee has no known workplace injuries or occupational diseases and that Employee has not been retaliated against for reporting any allegations of wrongdoing by the Company or its officers, including any allegations of corporate fraud.

• 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 Seller

Reference Currency Seller means, in respect of a Transaction, the party specified as such in the relevant Confirmation on if such a party is not specified, the party which owes (or would have owed if the Transaction were a Deliverable Transaction) the Reference Currency on the Settlement Date.

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

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

Reference Currency Seller. As specified in the Transaction Details Confirmation. Settlement Currency: USD Settlement Date: As specified in the Transaction Details Confirmation; provided, however, that if the Scheduled Valuation Date is adjusted in accordance with the Following Business Day Convention, then the Settlement Date shall be as soon as practicable after the Valuation Date, but in no event later than two Business Days after such date. Settlement: Non-Deliverable.