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Amwelladmin (talk | contribs) (Created page with "“'''{{isdaprov|Termination Currency Equivalent}}'''” means, for an amount denominated in another currency, the {{isdaprov|Termination Currency}} amount needed to buy that...") |
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“'''{{isdaprov|Termination Currency Equivalent}}'''” means, for an amount denominated in | “'''{{isdaprov|Termination Currency Equivalent}}'''” means, for an amount denominated in any other currency, the {{isdaprov|Termination Currency}} amount needed to buy that other currency using the FX agent’s spot exchange rate at 11:00 a.m. (in its location) on the day one would customarily fix a rate to purchase that currency for value the relevant termination date. | ||
If there is an Innocent Party it will select the FX agent in good faith. If not, the parties must agree the FX agent. | If there is an Innocent Party, it will select the FX agent in good faith. If not, the parties must agree the FX agent. |