Master confirmation agreement for non deliverable currency option transactions european style

The parties wish to facilitate the process of entering into and confirming non-deliverable forward foreign exchange transactions and accordingly agree as follows: This Master Confirmation includes the Addendum hereto.

Addendum or a Transaction Confirmation.

FX and Currency Derivatives Documents

For the avoidance of doubt, if a Relevant EMTA Template becomes effective after the Trade Date of a NDF Transaction, such Relevant EMTA Template shall not apply to or amend the terms of such NDF Transaction, unless otherwise agreed by the parties. Reference Currency Notional Amount.

Valuation Date [Specify date only; all other terms in the Relevant EMTA Template apply. Settlement Date [Specify date only; all other terms in the Relevant EMTA Template apply.

In the event of any inconsistency between the provisions of a Transaction Confirmation and the Master Agreement, the Transaction Confirmation shall prevail for the purpose of the relevant NDF Transaction. If the parties elect to include in the Addendum terms for a NDF Transaction with a Currency Pair for which a Relevant EMTA Template has not become effective on the effective date of the Addendum, such terms shall govern each NDF Transaction for such Currency Pair with a Trade Date that falls before the effective date of a Relevant EMTA Template for such Currency Pair.

ISDA Bookstore - FX and Currency Option Definitions, Annex, Supplements and User's Guide

If a Relevant EMTA Template has become effective on or before the Trade Date of a NDF Transaction with such Currency Pair, the terms of the Relevant EMTA Template shall supersede the relevant terms in the Addendum, but shall not apply to or amend the terms of any NDF Transaction with a Trade Date that precedes the effective date of the Relevant EMTA Template, unless otherwise agreed by the parties.

For the avoidance of doubt, if the parties sign onto or become subject to a Multilateral Master Confirmation after the Trade Date of a NDF Transaction, such Multilateral Master Confirmation shall not apply to or amend the terms of such NDF Transaction, unless expressly specified in such Multilateral Master Confirmation or otherwise agreed by the parties.

The parties acknowledge that one or both parties to a NDF Transaction, acting directly or through a branch or an affiliate, may be requested to provide a quotation or quotations from time to time for the purpose of determining an industry rate for the Currency Pair that is the subject of the NDF Transaction and that such quotation may affect, materially or otherwise, the settlement of the NDF Transaction.

master confirmation agreement for non deliverable currency option transactions european style

This Master Confirmation shall be governed by the law, and the provisions on submission to jurisdiction, elected in the Master Agreement or the Addendum. Senior Executive Vice President. AND WCM POOL LLC.

Non Deliverable Derivatives - Buy Put Contracts (Options)

Upon execution and delivery by the parties of such an agreement, this Master Confirmation shall supplement, form part of, and be subject to that agreement. All provisions contained in or incorporated by reference in that agreement upon its execution will govern this Master Confirmation except as expressly modified below. Until the parties execute and deliver that agreement, this Master Confirmation, together with all other documents referring to the ISDA Form confirming Transactions entered into between us notwithstanding anything to the contrary in a Confirmation , shall supplement, form a part of, and be subject to, an agreement in the form of the ISDA Form as if an agreement had been executed in such form but without any Schedule, except for the following elections: In the event of any inconsistency between the provisions of that agreement and this Master Confirmation, this Master Confirmation will prevail for the purpose of this Transaction.

The parties agree that the Calculation Agent for each NDF Transaction shall be Party A.

FX and Currency Derivatives Documents

Address and other contact details for notices or communications to Party A: Address and other contact details for notices or communications to Party B: Party B agrees to respond to such TDC by close of business the next Business Day after receipt of such TDC, either confirming agreement thereto or requesting a correction of any error s contained therein. The parties agree that any such exchange or Deemed Acceptance of electronic transmission, web-based communication, telexes or facsimile transmissions shall constitute a Confirmation of such Transaction for all purposes hereunder.

master confirmation agreement for non deliverable currency option transactions european style

In such a case, the Relevant EMTA Template that is effective on the Trade Date of the NDF Transaction shall be the confirmation template for the Reference Currency specified in the Transaction Confirmation, and all of the terms of such Relevant EMTA Template shall apply to such NDF Transaction, except as follows: The Transaction Confirmation shall specify the following Economic Terms for a Cross-Currency NDF Transaction, in addition to those listed in paragraph 5 of the Master Confirmation: Preferred Investment Solutions Corp.

Senior Executive Vice President and Chief Operating Officer. Exchange of Transaction Details Confirmation:

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