Template:Nutshell 2018 CSD Base Currency Equivalent: Difference between revisions

Latest revision as of 13:28, 19 April 2021

“Base Currency Equivalent” of an amount in a currency other than the Base Currency (the “Other Currency”) is the amount of Base Currency the Calculation Agent (IM) determines is needed to buy that Other Currency amount at the prevailing spot exchange rate on the Calculation Date (IM).

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	{{~~subst:Nutshell 2016 CSA~~ Base Currency Equivalent}}		“'''{{imcsdprov\|Base Currency Equivalent}}'''” of an amount in a currency other than the {{imcsdprov\|Base Currency}} (the “'''{{imcsdprov\|Other Currency}}'''”) is the amount of {{imcsdprov\|Base Currency}} the {{imcsdprov\|Calculation Agent (IM)}} determines is needed to buy that {{imcsdprov\|Other Currency}} amount at the prevailing [[Spot rate\|spot]] exchange rate on the {{imcsdprov\|Calculation Date (IM)}}. <br>