Leveraged FX Contract definition

Leveraged FX Contract means a spot FX contract between CGS-CIMB and the Client that can only be closed by a reverse contract, and the difference between the two contract values will be cash-settled on a certain agreed Maturity Date.
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Leveraged FX Contract means a contract between DAFS and the Client under which each agrees with the other to exchange a certain amount of one currency for a certain amount of another currency for delivery on a certain maturity date on a leveraged basis, and unless the context requires otherwise, includes a Reverse Contract (as defined under the Leveraged FX Trading Services Annex).
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Examples of Leveraged FX Contract in a sentence

  • The party from whom a net amount is due under any Leveraged FX Contract must (unless CGS-CIMB specifies otherwise) pay such amount to the other party with value as of the Maturity date of such Leveraged FX Contract.

  • Taxes 9.1 The Client is responsible for all taxes (local or foreign) that may arise in relation to a Leveraged FX Contract, whether under current law or practice or otherwise.

  • Each obligation of CGS-CIMB to make payment or delivery in respect of a Leveraged FX Contract is subject to the condition precedent that no Event of Default or event that, with the giving of notice or the lapse of time or both, would be an Event of Default has occurred and is continuing in respect of the Client.

  • Extraordinary Events If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, CGS-CIMB shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

  • If DAFS does not agree to rollover all or part of a Leveraged FX Contract, then DAFS may by entering into a Reverse Contract or Reverse Contracts close out the Leveraged FX Contract (or part thereof).

  • The party from whom a net amount is due under any Leveraged FX Contract must (unless DAFS specifies otherwise) pay such amount to the other party with value as of the maturity date of such Leveraged FX Contract.

  • The applicable exchange rate under such Leveraged FX Contract shall be as determined by CGS-CIMB at the time the Leveraged FX Contract is entered into.

  • This TOS constitutes the entire agreement between you and Wyzlanguage,LCC and shall govern the use of our Services, superseding any prior version of this TOS between you and us with respect to Wyzlanguage,LCC Services.

  • If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, CGS-CIMB shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

  • Extraordinary Events If there occurs in relation to any Leveraged FX Contract an Extraordinary Event, DAFS shall have the sole discretion to determine any adjustments or action necessary in relation to such Leveraged FX Contract or any or all Leveraged FX Contracts or otherwise to an Account or Accounts in view of the Extraordinary Event.

Related to Leveraged FX Contract

  • FX Contract is any foreign exchange contract by and between Borrower and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Investment Management Agreement means the Investment Management Agreement made

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Designated Hedge Agreement means any Hedge Agreement (other than a Commodities Hedge Agreement) to which the Borrower or any Subsidiary is a party and as to which, at the time such Hedge Agreement is entered into, a Lender or any of its Affiliates is a counterparty.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.