Examples of Barrier in a sentence
Argentex does not independently determine whether a Barrier Event or cut has occurred.
For Knock In Options, a Knock In Event occurs when the Spot Price is equal to or greater than or equal to or less than the Barrier Level (as is applicable to the Option Type) during the Event Period.
Accordingly, as hedging party all determinations and calculations of Barrier Events and cuts shall be made by Argentex at its sole discretion.
If Xxxxxxxx’s counterparty bank/broker informs Argentex that a Barrier Event or cut has occurred, Argentex will in tur n inform the Client of such Barrier Event or cut has occurred.
In general, each counterparty bank/broker deems there to have been a Barrier Event in accordance with their own methodology and criteria, which may include when a transaction occurs in the spot market on their systems that meets certain criteria and/or may include a determination in accordance with third party information services.