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Insert Currency in the Termination Agreement

Insert Currency in the Termination Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is termination currency?

Termination Currency means the currency selected by the party which is not the Defaulting Party or the Affected Party, as the case may be, or where there is more than one Affected Party the currency agreed by Party A and Party B.

What is the agreement for foreign exchange transactions?

The International Foreign Exchange Master Agreement (IFEMA) is an agreement made by two parties regarding exchanging currency in the foreign exchange (forex) market. The agreement includes all aspects of the forex transactions, including the specific protocols for creating and settling a forex contract.

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