Revised Annex A to 1998 FX and Currency Option Definitions

Revised Annex A to 1998 FX and Currency Option Definitions

Annex A contains currency and currency spot rate definitions and other related definitions and provisions for use in documenting foreign exchange and currency option transactions, including non-deliverable transactions, under the 1998 Definitions.

The revised Annex A, dated and effective September 25, 2000, incorporates all previously issued amendments to the March 1998 version of Annex A. In addition, obsolete rate source definitions have been deleted, several new rate source definitions have been added and modifications have been made to existing rate source definitions to render them more accurate.

Other terms have been revised in the September 25, 2000 version of Annex A to better reflect market practice in the non-deliverable foreign exchange markets. Most notably, the definition of currency-reference dealers has been revised to differentiate between the polling procedures to be carried out when that term is used in the ordinary course to determine a settlement rate, as opposed to when that term is used as a fallback rate mechanism upon the occurrence of a market disruption. The definition of Specified Amount has also been revised.

Free downloads ( 1 )