Amendments to Annex A to the 1998 FX and Currency Option Definitions



Similar documents
Compendium of Amendments to Annex A to the 1998 FX and Currency Option Definitions

First 10 transactions Transactions 11 to 50 Transactions 51 and above

PayPal Foreign Currency Acceptance Training Guide

If brokers wish Xchanging to group delinked transactions the LPAN(s) must be marked Grouped or Please Group.

1. Debit the account specified by the Customer for the amount agreed to for the purchase of the foreign currency;

The Markit CDS Converter Guide

1992 ISDA FX and Currency Option Definitions

CURRENCY INDICES FTSE PUBLICATIONS. FTSE Cürex FX Index Series.

Contents. Introduction To Volopa. Bank To Bank. The Volopa Lifestyle Card. Lifestyle Card In Use. How Your Money Is Managed. Manage Your Money Online

Foreign Currency Account. Easily manage foreign currencies

PayPal Integration. PayPal can now be easily integrated via EBS s single interface online platform.

PLEASE READ THIS DOCUMENT CAREFULLY

INTRODUCTION TO FOREIGN EXCHANGE

Isabel 6 Guide Group #1. How to encode SEPA and Non-SEPA transactions from an ING Belgium (BBRUBEBB) account?

THE FOREIGN EXCHANGE COMMITTEE SEMI-ANNUAL FOREIGN EXCHANGE VOLUME SURVEY REPORTING GUIDELINES

Official Journal C 425

CLS Bank International 39 Broadway 29th Floor New York NY 10006

BOSLIL SETTLEMENT INSTRUCTIONS FOR COMMERCIAL PAYMENTS IN:

Ground Rules. FTSE Currency FRB Index Series and Methodology Developed with Record Currency Management v2.2

Your foreign exchange specialist. Your life, your money, your way

CLS Statistics on Foreign Exchange Activity

Payment Acceptance Strategies in a Global Ecommerce Environment

Dual Currency Investment. Product Sheet

Western Union Payments Frequently Asked Questions

HERMES US SMID EQUITY FUND. (a sub-fund of Hermes Investment Funds public limited company) SUPPLEMENT

Currency classifications

Chapter 1.2. Currencies Come in Pairs

Correspondent Banks (effective )

Contract Specifications 2015 Mini Trading Account

AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET

Foreign Currency Accounts

Practice Set and Solutions #1

MODULE 4. Guidance to completing the Market Risk module of BSL/2

Maverick FX Trading. Forex 101 Session #2 Forex Market Basics

Banking with SEAWire

Business Banking Fees and Limits

YOU MUST SUBMIT THIS CLAIM FORM BEFORE THE BAR DATE OR YOU WILL NOT BE ENTITLED TO RECEIVE A DIVIDEND UNDER THE SCHEME.

Chapter 1.2. Currencies Come in Pairs

Sending Payments to Royal Bank of Canada (Channel Islands) Limited

Tracking an Affiliate Program or campaign

Payment cut-off times

Galvan Derivative Trading - CFD Market Information Sheets

Recent trends in foreign exchange turnover

International Financial Markets. The spot market for foreign exchange

THE US DOLLAR, THE EURO, THE JAPANESE YEN AND THE CHINESE YUAN IN THE FOREIGN EXCHANGE MARKET A COMPARATIVE ANALYSIS

Citi London Funds Transfer Cut-off Times and Routing Information

How To Beat The Currency Market Without (Much) Skill

Bendigo Foreign Exchange Contracts. Product Disclosure Statement.

BIS TRIENNIAL SURVEY OF FOREIGN EXCHANGE AND OVER-THE-COUNTER INTEREST RATE DERIVATIVES MARKETS IN APRIL 2013 UK DATA - RESULTS SUMMARY

HERMES GLOBAL HIGH YIELD BOND FUND. (a sub-fund of Hermes Investment Funds public limited company) SUPPLEMENT

Recurring Payments Profile Report. Version 1.1

Contract Specifications 2015 Dynamic STP Trading Account

Clearing Firm ID No. Asset Account ID No.

Your foreign exchange specialist. Your life, your money, your way

Cash-Settled Forward (CSFs)

Your foreign exchange specialist

Fees n Limits. Personal Banking fees and limits. It s Ours. Effective 11 June 2015

Fees n Limits. Personal Banking fees and limits. It s Ours. Effective 1 April 2016

OPTIMTRADER COMMISSIONS

Tariffs & Charges Schedule for Investment Services

Rates and Charges. Effective from 6 October 2014

Rates and Charges. Effective from 1 January 2016

SPOT FX Trading Strategies. Copyright Powerup Capital Sdn Bhd

AliPay International Services

SecurePay Batch File Specification & Upload Procedure

Turnover of the foreign exchange and derivatives market in Hong Kong

International Financial Management. Prerequisites

Digibilly Cloud Pay 1.00.C. Installation Guide

SAXO CAPITAL MARKETS UK LTD - EQUITY ACTIVE TRADER Rates and Conditions, valid from 1 July 2015

How To Convert Euro To Korean Rouble

FxPro Education. Introduction to FX markets

Internet Banking for Business

Key investor information document Glossary

AliPay International Services

TRADING CURRENCIES. OhMyGeorge! Gamers Make The Best Traders!

Accounts and payment services VP Bank Ltd, valid from 1 October 2015

PRESS RELEASE. Triennial survey on the foreign exchange and derivatives markets: results for Belgium

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ( Act ) 1 and Rule

VP Bank Accounts and Payment Services Vaduz, January 2014

THE FOREIGN EXCHANGE JOINT STANDING COMMITTEE Threadneedle Street London EC2R 8AH

Product Disclosure Statement

Premium reporting A standard for coverholders. User Guide. 28 th October 2010

Please read this document carefully.

How To Exchange Currency In Australia

Financial report Deutsche Bahn Finance B.V. Amsterdam

Maverick FX Trading. Forex 101 Session #4 Preparation for Demo Trading

Fees n Limits. Personal Banking fees and limits. It s Ours. Effective March 2015

Payments via Unitel & Corporate Netbank Request for Transfer Customer tariff effective from 1 September 2016

Elavon Payment Gateway- edcc Developer s Guide

THE AUSTRALIAN FOREIGN EXCHANGE MARKET

Product Disclosure Statement. WHAT YOU NEED TO KNOW Flexible Forward Cash Settled. Issue date: 12 March 2014 Issued by:

STANDARD TARIFF SCALE STOCK, ADR, ETF

Merchant Setup and Administration Guide

Transcription:

Amendments to Annex A to the 1998 FX and Currency Option Definitions Effective May 31, 2011, Annex A to the 1998 FX and Currency Option Definitions is amended by adding a new Section 4.8 as follows: Section 4.8. Specified Additional Settlement Rate Options for Cross Currency FX Transactions. Subject to Article 5, for purposes of determining a Spot Rate (it being understood that if any Spot Rate referenced in this Section 4.8 is not published on a Rate Calculation Date as described below, then such Spot Rate shall be determined by the Calculation Agent in good faith and in a commercially reasonable manner as at a time reasonably proximate to the Specified Time in the related Confirmation for the Settlement Rate Option identified for the Settlement Currency): (a) AUD Rates. WM/Reuters USD/AUD or AUD1 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/Australian Dollar spot rate, or closing spot rate, as the case may be, expressed as the amount of U.S. Dollars per one Australian Dollar, for settlement in two Thomson Reuters Screen WMRSPOT12 Page (or, Thomson Reuters Screen WMRPSPOT12 Page, in the case of the closing rate) under the ASFI USD/AUD or AUD2 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the U.S. Dollar/ Australian Dollar bid and offer rates, expressed as the amount of U.S Dollars per one Australian Dollar, for settlement in two Business Days which appears on Thomson Reuters Screen ASFI Page under the column AUD at the "AUDFIX USD/AUD" or AUD3 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/Australian Dollar spot rate expressed as the amount of U.S. Dollars per one Australian Dollar for settlement in two Business Days which appears on Thomson Reuters Screen AUDFIX Page at the Specified Time on the Rate Calculation Date. (b) CAD Rates. WM/Reuters CAD/USD or CAD1 each means that the Spot Rate for a Rate Calculation Date will be the Canadian Dollar/U.S. Dollar spot rate, or closing spot rate, as the case may be, expressed as the amount of Canadian Dollars per one U.S. Dollar for settlement in one Business Day calculated by WM Company which appears on Thomson B-1

(c) CHF Rates. Reuters Screen WMRSPOT09 Page (or Thomson Reuters Screen WMRPSPOT09 Page, in the case of the closing rate) under the WM/Reuters CHF/USD or CHF1 each means that the Spot Rate for a Rate Calculation Date will be the Swiss Franc/U.S. Dollar spot rate, or closing spot rate, as the case may be, expressed as the amount of Swiss Francs per one U.S. Dollar for settlement in two Business Days calculated by WM Company which appears on Thomson Reuters Screen WMRSPOT07 Page (or Thomson Reuters Screen WMRPSPOT07 Page, in the case of the closing rate) under the TKFE CHF/USD or CHF2 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Swiss Franc/U.S. Dollar bid and offer rates, expressed as the amount of Swiss Francs per one U.S. Dollar for settlement in two Business Days which appears on Thomson Reuters Screen TKFE Page under the column DLR/SFR at the TKFE2 CHF/USD or CHF3 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Swiss Franc/U.S. Dollar bid and offer rates, expressed as the amount of Swiss Francs per one U.S. Dollar for settlement in two Business Days which appears on Thomson Reuters Screen TKFE2 Page under the column DLR/SFR at the Specified Time on that Rate Calculation Date. (d) DKK Rates. WM/Reuters DKK/USD or DKK1 each means that the Spot Rate for a Rate Calculation Date will be the Danish Krone/U.S. Dollar spot rate, or closing spot rate, as the case may be, expressed as the amount of Danish Krone per one U.S. Dollar for settlement in two Business Days calculated by WM Company which appears on Thomson Reuters Screen WMRSPOT05 Page (or Thomson Reuters Screen WMRPSPOT05 Page, in the case of the closing rate) under the (e) EUR Rates. ECB37 USD/EUR" or EUR1 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/Euro spot rate expressed as the amount of U.S. Dollars per one Euro for settlement in two Business Days, reported by the European Central Bank which appears B-2

on Thomson Reuters Screen ECB37 Page at approximately 14:15 (Central European Time) on that Rate Calculation Date. (iv) (v) WM/Reuters USD/EUR or EUR2 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/Euro spot rate (or closing spot rate, as the case may be), expressed as the amount of U.S. Dollars per one Euro for settlement in two Business Days calculated by WM Company which appears on Thomson Reuters Screen WMRSPOT05 Page (or Thomson Reuters WMRPSPOT05 Page, in the case of the closing rate) under the caption MID at the TKFE USD/EUR or EUR3 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Euro/U.S. Dollar bid and offer rates, expressed as the amount of U.S. Dollars per one Euro for settlement in two Business Days which appears on Thomson Reuters Screen TKFE Page under the column EUR/DLR at the TKFE2 USD/EUR or EUR4 each means that the Spot Rate for a Dollar/Euro bid and offer rates, expressed as the amount of U.S. Dollars per one Euro for settlement in two Business Days which appears on Thomson Reuters Screen TKFE2 Page under the column EUR/DLR at the TKYFX USD/EUR or EUR5 each means that the Spot Rate for a Dollar/Euro bid and offer rates, expressed as the amount of U.S. Dollars per one Euro for settlement in two Business Days which appears on Thomson Reuters Screen TKYFX Page under the column EUR/DLR at the (f) GBP Rates. WM/Reuters USD/GBP or GBP1 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/Sterling spot rate (or closing spot rate, as the case may be) expressed as the amount of U.S Dollars per one Sterling for settlement in two Business Days calculated by WM Company which appears on Thomson Reuters Screen WMRSPOT07 Page (or Thomson Reuters Screen WMRPSPOT07 Page, in the case of the closing rate) under the caption MID at the TKFE USD/GBP or GBP2 each means that the Spot Rate for a Dollar/Sterling bid and offer rates, expressed as the amount of U.S. Dollar per one Sterling for settlement in two Business Days which B-3

appears on Thomson Reuters Screen TKFE Page under the column STG/DLR at the (iv) TKFE2 USD/GBP or GBP3 each means that the Spot Rate for a Dollar/Sterling bid and offer rates, expressed as the amount of U.S. Dollars per one Sterling for settlement in two Business Days which appears on Thomson Reuters Screen TKFE2 Page under the column STG/DLR at the TKYFX USD/GBP or GBP4 each means that the Spot Rate for a Dollar/Sterling bid and offer rates, expressed as the amount of U.S. Dollars per one Sterling for settlement in two Business Days which appears on Thomson Reuters Screen TKYFX Page under the column STG/DLR at the (g) HKD Rates. WM/Reuters HKD/USD or HKD1 each means that the Spot Rate for a Rate Calculation Date will be the Hong Kong Dollar/U.S. Dollar spot amount of Hong Kong Dollars per one U.S. Dollar for settlement in two Thomson Reuters Screen WMRSPOT12 Page (or Thomson Reuters Screen WMRPSPOT12 Page, in the case of the closing rate) under the HKDFIX HKD/USD" or HKD2 each means that the Spot Rate for a Rate Calculation Date will be the Hong Kong Dollar/U.S. Dollar rate expressed as the amount of Hong Kong Dollars per one U.S. Dollar for settlement in two Business Days reported by the Treasury Markets Association which appears on Thomson Reuters Screen HKDFIX Page at the Specified Time on the Rate Calculation Date. (h) JPY Rates. WM/Reuters JPY/USD or JPY1 each means that the Spot Rate for a Rate Calculation Date will be the Yen/U.S. Dollar spot rate (or closing spot rate, as the case may be) expressed as the amount of Yen per one U.S. Dollar for settlement in two Business Days calculated by WM Company which appears on Thomson Reuters Screen WMRSPOT12 Page (or Thomson Reuters Screen WMRPSPOT12 Page, in the case of the closing rate) under the caption MID at the TKFE JPY/USD or JPY2 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Yen/U.S. Dollar B-4

bid and offer rates, expressed as the amount of Yen per one U.S. Dollar for settlement in two Business Days which appears on the Thomson Reuters Screen TKFE Page under the column DLR/YEN at the TKFE2 JPY/USD or JPY3 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Yen/U.S. Dollar bid and offer rates expressed as the amount of Yen per one U.S. Dollar for settlement in two Business Days which appears on Thomson Reuters Screen TKFE2 Page under the column DLR/YEN at the (iv) TKYFX JPY/USD or JPY4 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the Yen/U.S. Dollar bid and offer rates, expressed as the amount of Yen per one U.S. Dollar for settlement in two Business Days which appears on the Reuters Screen TKYFX Page under the column DLR/YEN at the NOK Rates. WM/Reuters NOK/USD or NOK1 each means that the Spot Rate for a Rate Calculation Date will be the Norwegian Krone/U.S. Dollar spot amount of Norwegian Krone per one U.S. Dollar for settlement in two Thomson Reuters Screen WMRSPOT6 Page (or Thomson Reuters Screen WMRPSPOT06 Page, in the case of the closing rate) under the (j) NZD Rates. WM/Reuters USD/NZD or NZD1 each means that the Spot Rate for a Rate Calculation Date will be the U.S. Dollar/New Zealand Dollar spot amount of U.S. Dollars per one New Zealand Dollar for settlement in two Thomson Reuters Screen WMRSPOT13 Page (or Thomson Reuters Screen WMRPSPOT13 Page, in the case of the closing rate) under the ASFI USD/NZD or NZD2 each means that the Spot Rate for a Rate Calculation Date will be the arithmetic average of the U.S. Dollar/New Zealand Dollar bid and offer rates expressed as the amount of U.S Dollars per one New Zealand Dollar for settlement in two Business Days which appears on Thomson Reuters Screen ASFI Page under the column NZD at the B-5

(k) SEK Rates. WM/Reuters SEK/USD or SEK1 each means that the Spot Rate for a Rate Calculation Date will be the Swedish Krona/U.S. Dollar spot amount of Swedish Krona per one U.S Dollar for settlement in two Thomson Reuters Screen WMRSPOT07 Page (or Thomson Reuters Screen WMRPSPOT07 Page, in the case of the closing rate) under the (l) SGD Rates. WM/Reuters SGD/USD or SGD1 each means that the Spot Rate for a Rate Calculation Date will be the Singapore Dollar/U.S. Dollar spot amount of Singapore Dollars per one U.S. Dollar for settlement in two Thomson Reuters Screen WMRSPOT13 Page (or Thomson Reuters Screen WMRPSPOT13 Page, in the case of the closing rate) under the "ABS SGD/USD" or SGD2 each means the Spot Rate for a Rate Calculation Date will be the Singapore Dollar/U.S. Dollar spot rate, expressed as the amount of Singapore Dollars per one U.S. Dollar, for settlement in two Business Days reported by the Association of Banks in Singapore which appears on Thomson Reuters Screen ABSIRFIX01 Page under the column "SGD" and in the row SPOT, at the Specified Time on that Rate Calculation Date. B-6