Template:ISDA English Law Credit Support Deed 2018 Base Currency Equivalent: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
“'''{{imcsdprov|Base Currency Equivalent}}'''” means, [[with respect to]] an amount on a {{imcsdprov|Calculation Date (IM)}}, in the case of an amount denominated in the {{imcsdprov|Base Currency}}, such {{imcsdprov|Base Currency}} amount and, in the case of an amount denominated in a currency other than the {{imcsdprov|Base Currency}} (the | “'''{{imcsdprov|Base Currency Equivalent}}'''” means, [[with respect to]] an amount on a {{imcsdprov|Calculation Date (IM)}}, in the case of an amount denominated in the {{imcsdprov|Base Currency}}, such {{imcsdprov|Base Currency}} amount and, in the case of an amount denominated in a currency other than the {{imcsdprov|Base Currency}} (the “'''Other Currency'''”), the amount of {{imcsdprov|Base Currency}} required to purchase such amount of the {{imcsdprov|Other Currency}} at the spot exchange rate on such {{imcsdprov|Calculation Date (IM)}} as determined by the {{imcsdprov|Calculation Agent (IM)}}. <br> | ||
Latest revision as of 11:54, 19 April 2021
“Base Currency Equivalent” means, with respect to an amount on a Calculation Date (IM), in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate on such Calculation Date (IM) as determined by the Calculation Agent (IM).