Unit of Account. 1. There shall be a unit of account of the Common Market to be known as the Eastern and Southern Africa Currency Unit (ESACU) whose value shall be equal to one Special Drawing Right (SDR) of the International Monetary Fund or any other unit of account that may be determined by the Council from time to time on the recommendation of the Committee of Governors of Central Banks.
Unit of Account. Different accounts, sub-accounts or itemised accounts may be opened in euros or other currencies, at the Client's request or for certain transactions. These accounts, sub- accounts or itemised accounts will be considered as subsets of the account, benefiting from a simple accounting autonomy. They will form together, at any time, an indivisible whole, whatever their operating methods may be. This principle of unit of account will apply by express agreement between the parties, irrespective of the numbering or identification of accounts, sub-accounts or itemised accounts, regardless of the currency of the transactions recorded and regardless of the Bank's branch where these accounts are opened. In application of this principle, the Bank is entitled to refuse to make a payment as soon as the merged balance of all these accounts proves to be insufficient regardless of the position of one of the accounts considered. This unit-of-account principle does not prevent the application of differentiated interests on each of the accounts in question, within the single account. With regards to the foreign currency accounts, the situation of the account as a whole will be assessed in euros. Transactions in foreign currencies will be determined for this purpose on the basis of the exchange rate of the currency(ies) concerned on the Paris foreign exchange market on the day of this valuation. Any transaction debited or credited to an account will be automatically converted, unless otherwise agreed, into the account currency. Some transactions may, however, be excluded from the unit-of-account principle. The following can therefore be held in a special account: unpaid cheques, which may be held by the Bank, in order to enable the Bank to retain its recourse against third parties; receivables with real or personal security or liens. The Bank, however, reserves the right to waive the individualisation of one or more of the entries referred to in the two preceding paragraphs, which are then entered in the accounts. The Bank may also, after lodging these entries in a special account, transfer them in whole or in part to the account at any time.
Unit of Account reference currency of the sub-fund The unit of account of the sub-fund as well as the reference currency per unit class are specified in the table "Key data and information relating to the sub-fund" of this Appendix A "Overview of the sub-fund". The unit of account is the currency in which the accounts of the sub-fund are kept. The reference currency is the curren- cy in which the performance and the net asset value of the unit classes are calculated. The investments are made in the currencies which are most suitable for the performance of the respective sub-fund.
Unit of Account. 1. The unit of account referred to in Article 21 is the Special Drawing Right as defined in accordance with the instructions of the International Monetary Fund. The amount referred to in Article 21 is to be converted into the national currency of a State according to the value of such currency at the date of judgement or award or the date agreed upon by the parties to the contract. Where the calculation of an amount requires the conversion of sums expressed in foreign currency, conversion shall be at the exchange rate applicable on the day and at the place of payment.
Unit of Account. (a) Accounts shall be kept, calculations relating to operations shall be made and credits granted by virtue of Articles 11 and 13 shall be expressed in terms of a unit of account of 0.00000000 grammes of fine gold.
Unit of Account. (a) Subject to paragraphs (b) and (c) below, SDR is the unit of account and payment for any sum due from the Borrower under any Finance Document.
Unit of Account. 1. The unit of account referred to in Article 6 of this Convention is the Special Drawing Right as defined by the International Monetary Fund. The amounts mentioned in Article 6 are to be converted into the national currency of a State according to the value of such currency at the date of judgement or the date agreed upon by the parties. The value of a national currency, in terms of the Special Drawing Right, of a Contracting State which is a member of the International Monetary Fund is to be calculated in accordance with the method of valuation applied by the International Monetary Fund in effect at the date in question for its operations and transactions. The value of a national currency in terms of the Special Drawing Right of a Contracting State which is not a member of the International Monetary Fund is to be calculated in a manner determined by that State.
Unit of Account. 1. The Unit of Account referred to in Articles 6 and 7 is the Special Drawing Right as defined by the International Monetary Fund. The amounts mentioned in Articles 6 and 7 shall be converted into the national currency of the State in which limitation is sought, according to the value of that currency at the date the limitation fund shall have been constituted, payment is made, or security is given which under the law of that State is equivalent to such payment. The value of a national currency in terms of the Special Drawing Right, of a State Party which is a member of the International Monetary Fund, shall be calculated in accordance with the method of valuation applied by the International Monetary Fund in effect at the date in question for its operations and transactions. The value of a national currency in terms of the Special Drawing Right, of a State Party which is not a member of the International Monetary Fund, shall be calculated in a manner determined by that State Party.
Unit of Account. The unit of account for all the operations, accounts and financial statements of the Fund shall be the dollar of the United States of America.
Unit of Account reference currency of the UCITS The unit of account of the UCITS as well as the reference currency per unit class are specified in Appendix A "Overview of the Fund". The unit of account is the currency in which the accounts of the UCITS are kept. The reference currency is the currency in which the performance and the net asset value of the unit classes are calculated. The investments are made in the currencies that are most suitable for the performance of the UCITS.
