Examples of Relevant Currencies in a sentence
When exercising such discretion, Eurex Clearing AG will take into account, inter alia, the amount of the relevant Currency Margin Excess of the relevant Clearing Members and Basic Clearing Members and the absolute amount of Eligible Margin Assets in the form of cash in the Relevant Currencies provided by each such Clearing Member and Basic Clearing Member.
Relevant Currencies means those currencies specified in the relevant Supplement which comprise each Exchange Rate.
If[…] (2) Eurex Clearing AG determines that the sum of (i) any Remaining Margin Amounts in the Relevant Currencies and (ii) any Prefunding Amounts paid to Eurex Clearing AG in the Relevant Currencies in accordance with Chapter VIII that is held with a particular commercial bank (or group of connected commercial banks) exceeds or will exceed any large exposure limit with respect to such commercial bank (or group of connected commercial banks) and to which Eurex Clearing AG is subject pursuant to Art.
Our exchange rates for currency conversions between Relevant Currencies are based on a reference rate which is our current prevailing rate as fixed by us (at least three times a day) from market price sources, with tiered margins applied.
Where you instruct us to perform a currency conversion between two Relevant Currencies, we will credit the institution which holds the payee’s account by the end of the next Business Day following the one on which we receive your payment instructions (as explained above) provided that (i) the payee’s account is held within the UK; or (ii) in the case of a cross-border payment, the cross-border transfer takes place in a Relevant Currency.
We will not accept deposits in other Relevant Currencies for Payment Accounts unless we specifically agree otherwise.
We will give you notice of any change we make to our exchange rates for Relevant Currencies applicable to Payment Accounts as follows: i.
If we receive your instructions to convert funds in one Relevant Currency and pay funds in another Relevant Currency, we will effect the currency conversion in accordance with paragraph B5(c) above which, in the case of amounts less than £50,000 being converted between Relevant Currencies, will be converted in accordance with the provisions of D10 above, where applicable.
Where a Scheme Creditor has an Ascertained Claim in both Relevant Currencies, their entire Ascertained Claim will be paid in the Relevant Currency in which it has its largest Ascertained Claim (using the rate of exchange applicable as at the Administration Date).
If on any Interest Determination Date the Relevant Currencies for which quotations are provided by the Reference Banks pursuant to (iv) above and the Relevant Currencies for which rates are determined by the Calculation Agent pursuant to this sub-paragraph (v) represent in aggregate 95 percent or more (determined as provided below) of one ECU on such Interest Determination Date, then ECU LIBOR for the applicable Interest Payment Period shall be calculated on the basis of such quotations and rates.