FX Counterparty definition

FX Counterparty means, with respect to any Series, (i) on the Effective Date, JPMorgan Chase Bank, N.A.; and (ii) thereafter, any FX counterparty in any FX Hedging Agreement, which has a short-term unsecured rating of at least “A-1” by S&P and “P-1” by Moody’s and is located outside the United Kingdom.
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FX Counterparty means (i) on the Effective Date, The Chase Manhattan Bank; and (ii) thereafter any FX counterparty or counterparties in any FX Hedging Agreement, which has a short-term unsecured rating of at least "A-1" by S&P and "P-1" by Xxxxx'x and that is located outside the United Kingdom.
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FX Counterparty means the entity specified in Condition 8.1 below, a financial institution(s) that the Issuer, from time to time, has designated as a counterparty to carry out the foreign exchange hedge on behalf of the Issuer. The FX Counterparty may be appointed, or such appointment terminated by the Issuer pursuant to Condition 8 – Transaction Partners;]
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Examples of FX Counterparty in a sentence

  • See also the risk factor “The Reserve Fund may not be sufficient to service actual interest and expenses payable during the Realisation Period” below.If the amounts credited to each FX Reserve Account are insufficient to pay in full the relevant initial exchange amount payable to the FX Counterparty, such unpaid initial exchange amounts shall represent a claim on the liquidation proceeds of the ACT Issuer Assets which will be paid in priority to the Bondholder claims.

  • In addition, the Bank is also the initial FX Counterparty and will act as the initial Selling Agent, in each case, prior to its replacement following a credit rating downgrade.

  • The FX hedge is provided through arrangements with an FX Counterparty - Morgan Stanley International plc - who provide, on an unfunded basis, exposure to the MS Long Gold Euro Hedged Index which tracks in gold terms movements in the EUR/USD exchange rate.

  • This means that, if you hold your investment to Maturity, your Units will have a minimum value sufficient to meet your Investment Loan Repayment (subject to the creditworthiness of the Swap Counterparties and FX Counterparty — see Section 6 “Risks” and Section4.2.2 “Structure of the Investment Loan”).

  • It is impossible to say whether such developments lend support to the creation of a statutory tort of privacy or whether the legislature will instead consider that such a response by them is unnecessary in light of decisions like Giller and Wilson.

  • I have considered the Scheme in the context of the Court’s decision in respect of that proposed transfer of an annuity portfolio (the “ Prudential/Rothesay Scheme”).

  • Citibank N.A. or any of its Affiliates, may, if selected by the Company, act as the FX Counterparty.

  • All actions shall be by majority of those present or proxy and voting, except changes to the Bylaws.

  • Besides, Lee et al (2004) sustains that lagged openness is not a reliable instrument, as it may lead to increase the imports of physical capital and hence provoke growth by a channel which is independent of present openness.

  • Credit risk primarily refers to the risk that Authorised Participants, the Custodian or the FX Counterparty will default on its contractual obligations resulting in financial loss.


More Definitions of FX Counterparty

FX Counterparty means Borrower, as Party B under the ISDA Agreement.
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FX Counterparty means (i) on the Closing Date, JPMorgan Chase Bank and (ii) thereafter any FX counterparty or counterparties in any FX Hedging Agreement, which has a short-term unsecured rating of at least "A-1" by S&P and "P-1" by Moody's.
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Related to FX Counterparty

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • 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.