Spot FX Transaction definition

Spot FX Transaction means, for the purposes of this Agreement, a FX Transaction with a settlement date: (i) within T+2; or (ii) between T+2 and T+5, where the FX Transaction

Spot FX Transaction means a trade where the value date is two business days after the transaction date. Value Date - means the date when the Customer must have their sale currency deposited into the nominated KVB account, after which KVB will send the Customer’s purchased currency to their nominated account.

Spot FX Transaction means a foreign exchange transaction which has a settlement date which is the market convention for spot transactions in the corresponding Currency Pair.

Examples of Spot FX Transaction in a sentence

• The corresponding Spot FX Transaction (and its completion), FX Order or performance of the Order Service the subject of a FX Order will be on the terms and conditions of this Schedule and any general terms and conditions applicable to that corresponding Order Service.

• The fee will be paid as agreed and, without limiting the Bank’s rights to require payment of the fee, the Bank will have the right to deduct the fee (or its equivalent in another currency) from the amount the Bank is required to pay under the corresponding Spot FX Transaction.

• A contract to enter into the Spot FX Transaction or FX Order or to perform the Order Service the subject of a FX Order (subject to the satisfaction of the Order Conditions of the FX Order) is formed at the time that FX Order is accepted by the Bank.

• Action: Final Approval of FY 2020 Budget and Amendment to MARB 6/12/19 Resolution regarding FY 2020 Budget Secretary McCaw summarized the actions taken to date regarding the City’s FY 2019-2020 budget.

• The cancellation of a FX Order will result in the cancellation of that FX Order and the termination of the contract to enter into the corresponding Spot FX Transaction or FX Order or perform the Order Service the subject of that FX Order (if a contract had been formed), and neither the Bank nor the Customer will have any obligations or liabilities in respect of that FX Order.

• ANNEX/PAXTENSIONSOFCREDIT You should inform yourself of the relevant Spot Date for each Spot FX Transaction prior to submitting an Instruction.

• A FX Order generally used by a Customer to take advantage of possible favourable movements in the exchange rate so that when a specified rate of exchange reaches or exceeds the corresponding Order Rate the Spot FX Transaction the subject of that FX Order will be completed at the Order Rate .

• A FX Order generally used by a Customer to manage foreign exchange loss so that when a specified rate of exchange falls below or exceeds (as the case may be) the corresponding Order Rate, the Spot FX Transaction the subject of that FX Order will be entered into at the next traded, lower or higher (as the case may be) level of the specified exchange rate, as determined by the Bank in its absolute discretion acting in good faith.

• You decide to enter into a Spot FX Transaction and an FEC (as an FX Swap) to fix the amount of your NZD cash flows under the two transactions.

• On all LMAX Exchange Services, no Order to enter into a Spot FX Transaction submitted by a Tier 2 Liquidity Taker is to be matched with an Order to enter into a Spot FX Transaction submitted by a Tier 1 Liquidity Provider.

More Definitions of Spot FX Transaction

Spot FX Transaction means a Transaction to buy one currency against selling another currency at an agreed price for settlement on the Spot Date.

Spot FX Transaction means a Transaction to buy one currency against selling another currency at

Spot FX Transaction means a currency purchase and sale that is bilaterally settled by the counterparties via an actual delivery of the relevant currencies within two Business Days.

Spot FX Transaction means a foreign exchange transaction which has a settlement date which is the market convention for spot transactions in the corresponding Currency Pair. SCHEDULE 3 Terms and Conditions governing ANZ eMatching

Spot FX Transaction means a FX transaction where the settlement of it is scheduled to be on or before the Value Date;

Spot FX Transaction means a transaction under a contract conferring the obligation to buy or to sell a specified amount of a currency at a specified spot price, with delivery to take place immediately or within a period which must not be longer than the period determined by market convention.