Reference Exchange definition
Examples of Reference Exchange in a sentence
The respective current index lev- el is calculated by the Index Calculation Agent on a continuous basis during the trading period of the Reference Instrument on the Reference Exchange on each Index Calculation Day, rounded to two dec- imal places and published in accordance with section E).
Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the Reference Exchange.
You can ask us for an indication of the Reference Exchange Rate at any time by calling us, but as the rate changes to reflect currency market movements, we will not be able to confirm to you the Reference Exchange Rate until we receive the payment.
If the original transaction currency is different from settlement currency with MasterCard (EUR and/or USD), by the case, MasterCard will exchange the original transaction value into the settlement currency at Mastercard Reference Exchange Rate.
Reference Exchange Rate – the exchange rate we use to convert transactions in different currencies.