Common use of Application of Strike Price Clause in Contracts

Application of Strike Price. ① Deposit in Japanese Yen The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price of Counter Currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen appreciation equal to or beyond the Strike Price, or will remain in Yen on the Maturity Date if the Spot Price of Counter Currency against ▇▇▇ as of the same time indicates Yen depreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in Yen regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney Yen savings account. ② Deposit in Foreign Currencies The principal of the Deposit will be converted into Yen as of the Maturity Date if the Spot Price of deposited currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen depreciation equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price of deposited currency against ▇▇▇ as of the same time indicates Yen appreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. ③ Cross Currency Type The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price as of 3:00 p.m., Tokyo time on the Maturity Date indicates Deposit Currency appreciation (Counter Currency depreciation) equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price as of the same time indicates Deposit Currency depreciation (Counter Currency appreciation) beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency.

Appears in 1 contract

Sources: Prestia Multimoney Account Customer Agreement

Application of Strike Price. ① Deposit in Japanese Yen The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price of Counter Currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen appreciation equal to or beyond the Strike Price, or will remain in Yen on the Maturity Date if the Spot Price of Counter Currency against ▇▇▇ Yen as of the same time indicates Yen depreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in Yen regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney Yen savings account. ② Deposit in Foreign Currencies The principal of the Deposit will be converted into Yen as of the Maturity Date if the Spot Price of deposited currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen depreciation equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price of deposited currency against ▇▇▇ Yen as of the same time indicates Yen appreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. ③ Cross Currency Type The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price as of 3:00 p.m., Tokyo time on the Maturity Date indicates Deposit Currency appreciation (Counter Currency depreciation) equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price as of the same time indicates Deposit Currency depreciation (Counter Currency appreciation) beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency.

Appears in 1 contract

Sources: Prestia Multimoney Account Customer Agreement